Meeting the philanthropic needs of the Jewish community
Toledo Jewish Community Foundation, founded in 1980 as the endowment development program of Jewish Federation 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 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.
Your gift to the Annual Campaign does a world of good.
Endowing your gift allows you to be there for the Jewish community forever.
A Perpetual Annual Campaign Endowment (PACE) is a permanent fund that endows your Jewish community Annual Campaign gift as a lasting legacy. A PACE fund will continue to make an annual gift in perpetuity on your behalf.
To determine the amount you need to endow your entire campaign gift, multiply your current annual gift by 20. You can fund your PACE by adding the Toledo Jewish Community Foundation to your will, or by making us a beneficiary of your IRA. All contributions to establish a PACE are tax deductible.
Live generously. And let your name be remembered as a blessing.
For more information contact Arleen R. Levine, Director, Toledo Jewish Community Foundation at email@example.com or 419-724-0355.
• Extend your commitment.
• Inspire the next generation and generations after that.
• Make a connection to the future.
• Your gift can make a difference.
A Perpetual Annual Campaign Endowment (PACE) is a permanent fund dedicated to endowing your gift to the Jewish community through the Jewish Federation of Greater Toledo. 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 in a way that best achieves your own personal financial and estate planning goals.
To determine the estimated amount you need to endow your entire campaign gift, simply multiply your current annual gift by 20. Alternatively, you may endow a portion of your gift by establishing a PACE fund with a lesser amount, perhaps building up the fund through subsequent contributions. Donors creating PACE funds with a minimum contribution of $200,000 are recognized by membership in the Star of David Society.
Establishing a PACE
There are several ways to fund your PACE:
Gift of Cash/Assets
An outright gift of cash or appreciated assets like stocks or bonds is the easiest way.
A simple bequest in a will is the most common technique for creating a PACE.
Gift of Life Insurance
A gift of a life insurance policy is particularly appealing for younger donors because of its reasonable cost and tax benefit. By naming the Jewish community owner and beneficiary, the donor may be able to deduct the premiums.
IRA or Pension Plans
IRA and pension plans are subject to high testamentary taxes. That makes them ideal for transfer in whole or in part to a charity to create a PACE. The IRA Charitable Rollover provisions make this a particularly attractive way to establish a meaningful gift.
Charitable Income Plan
A Charitable Remainder Trust offers life income payments with the benefit of a current tax deduction. The remainder of the trust or annuity can be dedicated to create a PACE.
All contributions to establish a PACE are tax deductible. In addition, contributing appreciated assets held at least a year also avoids the tax on capital gains.
At a glance
Enables your annual gift to be made in perpetuity
May be structured in a variety of innovative ways
Offers tax benefits for you and/or your estate
Provides resources for organizations that are important to you
For additional information about establishing a legacy gift, please contact Arleen R. Levine, Director, Toledo Jewish Community Foundation at firstname.lastname@example.org or 419-724-0355.
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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.
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.
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.