Today is February 14, 2017 -

Planned Giving & Endowments

Leave a Gift to Sustain Jewish Traditions and Community

The Jewish Community Endowment Fund (“JCEF”) strengthens and encourages all projects supported by the Annual Campaign, other donor directed projects and the broader Jewish community. JCEF helps our donors find tax-wise ways to perpetuate their support for the Jewish community. In 2013 almost $1.5 million dollars was distributed from our JCEF into the community.

JCEF adds tremendous value to the community. JCEF provides current support for needs and enrichment. It also provides donors with the tools and forum necessary to perpetuate their support for the community. Everyone can leave a legacy. You need not be wealthy. We can help you find the way to leave your legacy.

Planned Giving and Endowments

A planned gift to your Jewish community enables you to be present forever. Whether your gift is used to provide for the needs of the Jewish poor, to assist the elderly, to educate our children, to rescue Jews in need around the world, or to fight anti-Semitism – no matter where or when in the future, you can be there to help. It can strengthen Jewish identity, preserve our culture and heritage, and protect the State of Israel. Your bequest or other planned gift will keep our Jewish community strong for generations. JCEF provides a way for you to be there whenever help is needed.

You don’t have to be wealthy to help

You can designate how your gift is to be used: to provide unrestricted funds to help meet community needs now and in the future, to perpetuate a gift to the annual campaign, to provide permanent resources to aid identified programs, projects, agencies, organizations, or initiatives that are of particular interest to you and your family. It’s up to you. No matter what your motivation for giving, how much you are able to give, or when you would like your gift to begin – there’s a planned giving option for you.

Restricted Funds can be designated to support a field of interest (i.e. education, the elderly, etc.) or a specific agency or purpose.

A PACE (“Perpetual Annual Campaign Endowment”) Fund is a specific kind of Restricted Fund that is established to provide an annual gift to the campaign.

LOJE (“Lion of Judah Endowment”) is a specific kind of Restricted Fund that is established to endow a Lion’s gift to the campaign. (A Lion is a woman who gives an individual annual gift of at least $5,000 a year to the campaign.)
A Donor Advised Fund operates like a charitable bank account. Make a donation to the Federation and then recommend distributions to charitable organizations when you are ready.

Planned Gifts without a specific designation will be placed in the Unrestricted Endowment Fund and used to support everything supported by the Federation!

It’s easy to do

What are your goals? What do you want to support? Do you want your gift to provide an annual distribution in perpetuity? Do you want to recommend distributions to assorted charitable organizations? Do you want to honor or memorialize a loved one? Deborah Chapman Goldstein, our Director of Planned Giving and Endowments, is here to help you navigate the process and settle upon a gift that meets your goals.

Once you have established your goals Deborah can help you to find a tool to make it happen.

Charitable Bequests

Your will is an important element in your estate plan that enables you to protect the people you love, create a lasting partnership with Federation, the organizations or programs you wish to support, and help ensure the future of the Jewish community. When you are speaking with your attorney, be sure s/he knows that you support the Jewish community and wish to leave a gift in your will to the JCEF to perpetuate your support. (We’d love to thank you……please let us know if you do this!)

Life Income Plans

Charitable Gift Annuities provide you with an annual income stream, while creating a permanent legacy after death. This is a simple two page contract between you and Federation which can provide tax benefits and income. The minimum required to open a Charitable Gift Annuity is $10,000. Speak to Deborah Chapman Goldstein about current rates.

Charitable Remainder Trusts are a way to create a legacy in your name and receive income from the trust for life or for a specified term of years. This tool requires a lawyer and annual tax return filing. It only works for gifts of substantial magnitude.

Charitable Lead Trusts are both an income and wealth-transfer vehicle, enabling you to transfer income-producing assets to the next generation at a significantly lower tax cost, while meeting your philanthropic objectives.

Gifts of Life Insurance provide a way for donors to leave substantially more than they might have thought possible. This tool works exceedingly well for younger members of the community. Or, even for older members of the community, perhaps you have a life insurance policy that you no longer need? You might want to consider donating it to the Federation to create your legacy.

Gifts of Real Estate work for people who, among other reasons, might not want the stress and burden of emptying a home they’ve lived in for decades. Perhaps your children live elsewhere and you don’t want to burden them with having to clean out a lifetime of memories and the hassles of selling a house. You and your children take whatever contents you want. Leave the rest to us. Some people find that donating their home or other property (for a variety of reasons) enables them to create a legacy.

Retirement plans can be the most highly taxed asset in your estate. Name United Jewish Federation of Northeastern New York as the beneficiary of a retirement plan. If you name your children as the beneficiaries of a retirement plan, they could receive pennies on the dollar of your hard earned savings. Since Federation does not pay taxes, your gift will be used entirely to perpetuate the good works you support.

Gifts of cash and stock are always welcome.

There are other tools available. We will look forward to helping you find the right gift.

Recognition

The Foundation For the Future is our special recognition society that thanks those special community members who have committed to give, or have given, a gift of at least $100,000 to establish a PACE Fund or for the Unrestricted Endowment Fund.

Testimonials

zuckermans

Monna and Jack Zuckerman joined the Foundation For the Future by naming Federation as the remainder beneficiary of a charitable remainder trust. When Jack was 4 years old his Dad boarded a train that took him to Auschwitz. Jack never saw his Dad again.

“We wanted to make a difference…We want to make sure such atrocities never happen again.”

michelle_ostrelich_and_howard_schlossberg

Michelle Ostrelich and Howard Schlossberg chose to become members of the Foundation for the Future because they want to raise their children in a strong, vital Jewish community. They recognize that Federation is a critical link to all the organizations that make up our community.

seigfelds

Shara and David Siegfeld joined the Foundation For the Future because they feel it is essential to make a commitment to insure the future of our Jewish community and Israel. “Our parents set an example for us and we feel even more strongly now that we have our own children. There are so many worthy causes, but we feel most strongly about the Federation because of the limited number of Jews as compared with the community at large…..We were looking for a meaningful way to contribute towards a lasting future for the Jewish Community.”

To learn more about planned giving and endowments, or to have a conversation to explore possibilities, contact Deborah Chapman Goldstein at dgoldstein@jewishfedny.org or via telephone at 518.783.7800, ext. 230.

Jewish Federation of Northeastern New York

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