As we approach the end of 2021, there’s a greater sense of normality: people are returning to society and the workplace. Yet, millions of people around the world are still being impacted by COVID-19. There is a silver lining: according to Giving USA 2021, a record $471.44 billion in charitable giving was reached in 2020 to address needs around the world. According to The Philanthropy Outlook, total giving is predicted to increase again in 2021 by 5.1%. As you and your advisors sit down to discuss year-end tax and charitable planning, consider leveraging the below opportunities, which are offered at the Tidewater Jewish Foundation.
Gifting of Appreciated Securities
You may gift any appreciated securities directly to Tidewater Jewish Foundation into a current fund or create a new fund, such as a Donor Advised Fund to benefit one or more organizations now and in the future. You may receive your tax deduction at the time of the gift of the securities and determine later which organizations you would like to receive distributions from the fund.
Create a Donor Advised Fund (DAF)
If you establish a new DAF through TJF with at least $7,500, TJF will match your gift with an additional $2,500, totaling $10,000 or more in your new fund. That’s an extra $2,500 with which you can make a difference.
Legacy Match Life Insurance Program
Charitable Life Insurance is one of the most impactful (and underutilized) ways to make a gift. If you donate $5,000 or more per year (including synagogue dues) and are under age 65, this is an excellent philanthropic vehicle to consider. For example, a couple, both age 40, can make annual tax-deductible gifts of $1,753 for a period of 10 years to make a $250,000 gift to their community.
Right now, TJF is offering a 35% match of premiums for specific types of policies. A Charitable Life Insurance Policy can help you make a greater gift than you ever thought possible.
LIFE & LEGACY – A gift to secure a Jewish future
LIFE & LEGACY is a program that helps individuals and families create legacy gifts, providing a permanent source of support for the Jewish causes they care about. These endowed gifts are already working to help care for our elderly, ensure local synagogues are able to keep its doors open for the next generation, feed the hungry, preserve Jewish identity, protect and strengthen Israel, and much more. With this program, anyone can make a gift to ensure a strong, Jewish tomorrow. There are a variety of giving options available that can be tailored to meet your needs and help you achieve your philanthropic goals.
In just four years of the program, Tidewater Jewish organizations secured 578 commitments totaling $21.5 million in current and future endowed gifts. Tidewater LIFE & LEGACY partners include: Congregation Beth El, Strelitz International Academy, Ohef Sholom Temple, Beth Sholom Village, Jewish Family Service of Tidewater, United Jewish Federation of Tidewater, Temple Emanuel, Chabad of Tidewater, and Simon Family Jewish Community Center.
This information is not intended as tax, legal, or financial advice. Gift results may vary. Consult your personal financial advisor for information specific to your situation.
To discuss any of these gifting options, specific goals and objectives, and to learn what is right for you and your family, contact Naomi Limor Sedek, Tidewater Jewish Foundation President & CEO at 757-965-6109 or email at firstname.lastname@example.org.