Steady Your Income and Make a Contribution
With the following two gift solutions, you can lock in a fixed income that's immune to market fluctuations and also ensure that your assets are used to benefit your community.
1. Charitable Gift Annuity
With a charitable gift annuity, you make a donation to the Jewish Community Foundation of Los Angeles that, in turn, provides you with fixed payments for life. After your lifetime, the remaining amount of your gift supports our needs. Through this arrangement, you can increase your income now and receive numerous tax advantages, including:
- A partial income tax charitable deduction.
- Partially income tax-free payments for your estimated life expectancy.
- Capital gains tax spread throughout your estimated life expectancy.
| Calculate the benefits you can receive with a charitable gift annuity. |
2. Charitable Remainder Annuity Trust
With a charitable remainder annuity trust, you use cash or other assets to fund a charitable trust and decide on the size of the payments (within IRS limits) to yourself and others you choose. The trust assets remaining at the end of the beneficiaries' lifetimes go to the Jewish Community Foundation of Los Angeles. You also receive tax advantages, such as:
- A partial income tax charitable deduction based in part on the amount you contribute to the trust.
- Elimination of any up-front capital gains tax when you fund the trust.
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Find out more about this trust option in our free guide. |
Make a Cash-Free Contribution
The following three options allow you to make a gift that will have no impact on your cash reserves.
3. Retirement Plan Assets
When you name the Jewish Community Foundation of Los Angeles as the beneficiary of your retirement plan assets, you don't part with a single penny today, and you protect your beneficiary from taxes later. If a charitable organization like ours receives your retirement funds, income taxes are eliminated. If, instead, you leave these assets to your family, up to 35 percent of their value could be eroded by income taxes.
4. Life Insurance Policy
You have two options when making a gift of a life insurance policy. First, you could name the Jewish Community Foundation of Los Angeles as the beneficiary of the policy's death benefit. Second, you could instead sign over ownership of the policy to us. This allows you to receive an income tax deduction equal to the policy's fair market value or the total premium paid, whichever is lower.
5. A Gift in Your Will
Including a gift to The Foundation in your will or revocable living trust allows you to feel good about your contribution now and part with your assets later, after your lifetime.
Click here to view the official bequest language for the Jewish Community Foundation of Los Angeles.
Contact Us
We would be happy to assist you in your charitable planning. Contact our Development Office at 323-761-8704 or development@jewishfoundationla.org to learn more about options that may work for you.
These articles are designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the editor and contributors are not engaged in rendering legal, accounting or other professional services. Therefore, the contents should not be applied as legal or financial advice.