Create Income for Life

CREATE INCOME FOR LIFE

Charitable Gift Annuity

A charitable gift annuity is a contract between you and the Federation that provides you and/or another person with an income for life. In exchange for an irrevocable transfer of cash or marketable securities, you or the beneficiary will be paid a fixed sum each year for life. You are able to claim a tax deduction for the gift portion which can be used to establish an unrestricted or designated gift. At the expiration of benefits, you have left a permanent legacy as a link to our people's continuous tradition of tzedakah and Klal Yisrael.

Charitable Remainder Trust

A charitable remainder trust is a creative way to create a lasting legacy in your name while receiving income from the trust for life or for a specified number of years. Upon expiration of that term, the remainder of the trust goes toward the philanthropic purposes you established at its creation. Your Charitable Remainder Trust can be designed to provide a fixed annual payment or a percentage of the value of the assets. This trust can provide income for you, a spouse or someone you designate. You'll receive an immediate tax deduction at the time the trust is created while incurring no immediate capital gains tax on the transfer of appreciated assets. You'll also experience a tax benefit when these assets are removed from your taxable estate.

Charitable Lead Trust

A Charitable Lead Trust minimizes estate taxes on assets you intend to leave to your children or grandchildren, particularly when those assets are expected to appreciate. After transferring your assets, the Trust provides a substantial charitable gift through fixed amount payments to the Federation for a specific term of years or for your lifetime. Thereafter, the principal passes on to your heirs or beneficiaries. Additional appreciation of assets is not subject to estate taxes for the term of the trust.

Named Endowment Fund

A special endowment fund, a permanent fund of the Youngstown Area Jewish Federation, creates a permanent legacy perpetuating your ideals and your name or that of a loved one. At its creation, you may designate how you wish the annual fund distribution to be used. An endowment is started with a low minimum irrevocable gift of cash, securities or other property and provides tax advantages either during your lifetime or for your estate.

For more information about matching your financial and philanthropic goals, call Lisa Long at 330.746.3250 ext. 175 or email her at llong@jewishyoungstown.org or contact your personal financial advisor today.

DISCLAIMER: This material is presented for informative purposes only and should not be construed as legal, tax or financial advice. When considering gift planning strategies, you should always consult with your own legal, tax and financial advisors. 

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