If you leave your savings bonds to your heirs upon your death, your heirs will be taxed on the accumulated interest, leaving them less than 100 percent of the funds. But there is one very easy way to bypass this tax burden: Allow your attorney to add a codicil to your will, or an amendment to your living trust, that leaves your bonds to Jewish Community Foundation of Los Angeles. (Note that you can't name a charitable organization as co-owner or beneficiary on the face of your bonds.) This way we will receive 100 percent of their value-and your family can receive other assets that won't trigger income taxes. It's a simple transaction that allows you to fulfill your charitable goals. Contact Development Office at 323-761-8704 or development@jewishfoundationla.org to learn more.
| How Long Will Your Bonds Earn Interest? | ||
| Series | Date of Issue | Number of Years Bonds Earn Interest |
| E | May 1941-November 1965 December 1965-June 1980 |
40 years 30 years |
| H | June 1952-January 1957 February 1957-December 1979 |
29 years, 8 months 30 years |
| Savings Notes | All issues | 30 years |
| EE | All issues | 30 years |
| I | All issues | 30 years |
| HH | No longer issued as of Sept. 1, 2004 | 20 years |
Source: www.savingsbonds.gov
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.