The following gifts will allow you to provide vital support to JDC’s work – through contributions you make today or through gifts that first provide for your continued financial security and that of your loved ones:
Bequests through a Will or Living Trust
Bequests to JDC ensure that your philanthropic goals will be met and will provide you with a lasting legacy. Often, the wisest course of action is the simplest one; just include a bequest in your new will or trust, or add a simple codicil (amendment) to your current plans. Bequests can be a percentage of your estate, a gift of what remains after providing for loved ones, or a specific amount.
Charitable Gift Annuities
Charitable gift annuities provide advantages for both the donor and JDC. You transfer cash or marketable securities to JDC and receive fixed-rate, guaranteed payments for life, as well as a charitable income tax deduction for the year the gift is made. A gift annuity can have up to two people receiving lifetime payments. The payout is based on the age(s) of the person(s) receiving payments, and often, a portion of a charitable gift annuity payout is tax free. Another option is a deferred payment gift annuity, which can increase retirement income by allowing you to postpone the starting date of the annuity for a specified period of time, while still receiving a charitable income tax deduction for the year of the gift.
Charitable Remainder Trusts
A charitable remainder trust enables you to make a gift to JDC as part of your financial plans while first providing income to you and/or others you select. The trust term can run for life or for a term of years. You are entitled to a charitable income tax deduction at the time you fund the gift, and you may also be eligible for capital gains tax savings. Charitable remainder trusts can provide a fixed income or an income that will vary with the performance of the trust’s assets. When the trust terminates, all the remaining assets become a gift to JDC.
Charitable Lead Trusts
Charitable lead trusts, as opposed to charitable remainder trusts, enable you to fund a trust that provides income to JDC for a term of years beginning when the trust is funded. You can choose the term of the trust and the amount paid to JDC. At the completion of the trust term, its remaining assets are usually transferred to heirs you have selected, with possible reduced gift and estate taxes.
Outright Gifts of Assets
In many cases, the best gift for you will be a gift of cash, the most common form of philanthropy. You usually will receive a charitable income tax deduction for the full amount of the gift, and can eliminate federal income tax on up to 50% of your adjusted gross income each year. Other popular forms of giving include stocks, bonds, mutual fund shares and real estate which have been owned for more than a year and increased in value. Such gifts don’t result in payment of capital gains tax. In addition, contributions of appreciated property are deductible for up to 30% of your adjusted gross income.
Please note that you can also support JDC through a planned gift with your local federation. If you are interested in learning more about including JDC in your estate or long-range financial plans, please contact:
Director of Gift Planning Pamela.Bennett@jdcny.org Work: (212) 885-0835
All discussions will be held in strictest confidence.