Toledo Jewish Community Foundation
The Toledo Jewish Community Foundation, founded in 1980 as the endowment development program of the United Jewish Council of Greater Toledo, was established to meet the philanthropic challenges and needs of the Toledo Jewish community as well as to serve the needs of our people, locally, nationally and globally. The Foundation provides an opportunity to leave a lasting legacy–a permanent imprint that will enrich the lives of the generations to come.
Since its inception, the Foundation has helped individuals and families alike create a legacy which represents the values and mitzvot by which they have governed their lives. Join us and establish a legacy gift to ensure that what you worked a lifetime to build will endure into the future. It is through the faithful support of donors and friends and with the strength of our traditions that we can make a meaningful difference in the lives of others.
Charitable Gift Options
Perpetual Annual Campaign Endowment (PACE)
A Perpetual Annual Campaign Endowment (PACE) is a permanent fund
dedicated to endowing your Jewish community Annual Campaign gift. A PACE fund is
not intended to take the place of any part of an annual gift -- it is instead a
lasting legacy that will continue to make an annual gift to the campaign in
perpetuity on your behalf.
You may create your Perpetual Annual Campaign Endowment through a variety of
vehicles, some of which provide your estate with considerable tax benefits
without the requirement that you contribute during your lifetime. These options
allow you to perpetuate your commitment to the Annual Campaign is a way that
best achieves your own personal financial and estate planning goals.
The Lion of Judah Endowment (LOJE)
Establishing a Lion of Judah Endowment (LOJE) allows a woman to endow her gift
in perpetuity. Through simple, innovative steps, an endowed gift if within the
reach of a Lion of Judah, regardless of her age or giving level.
The strength and vitality of women's giving continues through the Lion of
Judah Endowment (LOJE) -- enabling women to leave a legacy to help create social
justice, heal the sick, preserve human dignity and provide Jewish education and
Jewish growth for all.
Charitable Bequests
By deciding to leave a bequest of a specific amount of cash, a
percentage of your estate or the remainder of your estate, you can create a
permanent legacy. There's no limit on the amount you may set aside from your
estate -- you make a gift as large or small as you'd like. You may choose to
make a gift of cash, securities or other property -- and your estate will
receive a tax deduction in the amount of your charitable bequest.
Life Income Plans:
Charitable Gift Annuities
A Charitable Gift Annuity is an agreement between you and the Jewish
community that benefits you both. In exchange for your gift to the Jewish
community, you will receive a fixed income for life -- beginning at the age of
65.
Charitable Remainder Unitrusts
A Charitable Remainder Unitrust provides a way to obtain an income for
life which can grow as the funds invested in the trust grow. This trust
agreement fixes a unitrust rate, and donors or their designated beneficiaries
receive regular payments of income for life or joint lives, or for a period of
time.
Charitable Lead Trusts
A Charitable Lead Trust is an excellent way to transfer property to
family members with significantly reduced gift or estate taxes. A Charitable
Lead Trust is established for a specific term by contributing an
income-generating asset, often real estate. The trust pays a fixed annual amount
to a Jewish community until the end of the term.
Charitable Remainder Annuity
Trust
A Charitable Remainder Annuity Trust provides a way to avoid fluctuations
in interest rates and ensures that you or someone you designate received a fixed
income. You may make a gift of cash, appreciated securities or property to set
up the trust either during your lifetime or through your will.
Alternatives to
Private Foundations
Donor-Advised Funds/Philanthropic Funds By making a
contribution of $5,000 of cash or securities, you may establish a fund which is
held in an account which you name. You may nominate your children to make grants
on your behalf, now, or as your successor -- enabling your family's future
generations to carry on the tradition of charity that you have established.
Named Endowment Funds
When you create a Named Endowment Fund, you are
establishing a permanent fund in your name or in the name of someone you wish to
honor or remember. Each year the fund will produce income, and you can specify
how the spendable portion of the fund should be used -- for unrestricted use by
the Jewish community, or to support a specific cause.
Supporting Foundations
A
Supporting Foundation provides a unique vehicle for you to involve your family
in the covenant of philanthropy. It functions very much like a private family
foundation, but because it is aligned with the Jewish community, you receive
additional tax considerations that would not be available with a private
foundation.
The Toledo Jewish Community Foundation Annual College Scholarships The Toledo Jewish Community Foundation has three scholarships available for students in the Toledo Jewish community: DR. LOUIS AND SOPHIE RAVIN SCHOLARSHIP FUND; DONALD L. SOLOMON SCHOLARSHIP FUND; KATZ-BECKER-ROTHSTEIN-UNGAR SCHOLARSHIP FUND
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