Explore what types of assets make excellent planned gifts. We understand there are nuances in every situation, and we are happy to talk with you about your specific charitable goals and giving needs. Contact us today to set up a conversation with one of our experts.

Gifts of Insurance

Life insurance can be a valuable asset for charitable giving. The donor enjoys substantial income and estate tax advantages while the charity receives both current and future benefits.

How to Make a Gift of Life Insurance

A gift of new life insurance can be arranged by applying for a policy and naming The Foundation as owner and beneficiary. The initial and future premiums should be gifted directly to The Foundation to maximize the allowable deductions to the donor. The donor may elect to contribute the premiums annually or in a lump sum. A gift of existing life insurance can be achieved by utilizing the following form:

“I, John Donor, hereby assign to the Jewish Community Foundation of Los Angeles, all of my right, title and interest in the life insurance policy on my life issued by ABC Insurance Company, No. 123, in the face amount of $50,000.”

The policy should be delivered to an officer or designated representative of The Foundation.

Charitable Trusts

A Charitable Remainder Trust is a gift that gives back. This flexible estate and financial planning tool allows you to give assets to a CRT and ultimately to The Foundation. In return, you receive income for life (or a stated number of years), and reduce estate and income taxes. After your death, assets remaining in the CRT pass to The Foundation to establish an endowment in your name that supports the causes or nonprofits you have chosen.

Charitable Lead Trust

A Charitable Lead Trust makes annual gift payments from its assets to The Foundation to establish a fund in your name that support the causes that you have chosen. At the end of a set term of years, the remaining assets in your CLT pass back to you, or to your designated beneficiaries (your children or grandchildren).

See our Charitable Trusts Brochure.

Giving Real Estate, Business Interests, and More

We will gladly consider donations of complex assets, which often make highly tax-effective charitable gifts but can take months of planning. Some examples of assets you can donate are private equity, LLC, LP, or LLP interest, real estate, business interests, and more. If you’re interested in donating complex assets, please contact us, as we’re happy to discuss how we might be able to meet your needs. 

 

The Foundation does not provide legal or tax advice. Please consult your professional advisors.