Planned Giving

The Jewish Fund for the Future

Ensuring Jewish Continuity

The Jewish Fund for the Future, the Jewish Federation of Delaware's endowment fund, provides for the needs of the Jewish community in Delaware and abroad.  An endowment is a permanent fund that generates an income stream used to fund programs, agencies or annual gifts.  Through the Jewish Fund for the Future and the various planned giving vehicles which are available, donors can demonstrate their faith and support by creating permanent gifts to provide for current and future community needs.  As a direct result of those gifts, the community benefits from innovative new programs, the security of a reserve fund for emergencies and a channel for the charitable interests of its donors.

Started in 1985, our endowment has been built by caring individuals who recognize their debt to the past and would like to ensure that the community that they helped shape during their lives will have the financial resources for growth after they are gone.  Beginning with $300,000, the Fund's assets are now over $12 million.

The Community and the Donor Both Benefit

Supporting the Jewish Fund for the Future allows you to perpetuate your commitment to supporting the Jewish people - forever.  When you establish an endowment fund, you decide where the money should go.  The principal of the gift remains intact and the income is used to fund programs and projects, exactly as the donor intends.

Your endowment gift reflects your personal commitment to a particular aspect of our Jewish community both here and in Israel - it can target a specific agency or a specific population - or it can be completely unrestricted, giving community leaders the resources and flexibility to address unforeseen opportunities and emergencies in the future.

The Jewish Fund for the Future provides a unique opportunity to honor or memorialize a loved one in a meaningful way.

There are substantial tax and estate planning benefits available through endowment contributions that allow you to achieve more for your community and your family, including providing an income to you and your loved ones.

Your Living Legacy

The Jewish Fund for the Future will assist you in designing a plan that best suits your personal charitable goals and your estate and financial planning needs.  We have several creative planned giving vehicles:

Philanthropic Funds

A Philanthropic Fund, also called a donor-advised fund, allows donors to make deposits at any time and recommend donations to almost any charity or educational institution.  The donor is eligible for an immediate income tax deduction for all amounts contributed to a Philanthropic Fund and pays no capital gains tax on appreciated assets donated.  A Philanthropic Fund offers several advantages:

·An immediate income tax deduction for amounts donated to the Fund.

·A centralized fund for all of your charitable giving.

·Federation does all the paperwork.

·The community benefits.

·Children can be involved today and long after parents are gone.

Unrestricted Funds

Unrestricted Funds provide a flexible resource from which the Jewish Fund for the Future may draw to fund innovative programs in the community and to respond to emergency needs if they arise.

Restricted or Designated Funds

Restricted or Designated Funds allow donors to create a personalized special purpose fund designating a specific charity, agency, program or field of interest (e.g. Jewish education or services for the elderly) as the permanent beneficiary of the annual distribution from the fund.

Campaign Endowments

Campaign endowments are gifts that sustain your contribution to the Annual Campaign in perpetuity.  The endowment of one's annual gift through a bequest, outright gift, life insurance, trust or some other means is critical to ensure the continued success and vitality of the Annual Campaign for generations to come.

Life Income Gifts

Life Income Gifts provide you, your spouse (or anyone you designate) an income for life or for a specified number of years and allow you to make a substantial gift which will sustain the Jewish community after you are gone.

Ways of Giving

You can perpetuate your support for the Jewish community with a contribution that reflects the nature of your assets, charitable goals and financial and tax considerations:

Bequests

A bequest is the simplest form of planned giving.  We encourage you to remember the Jewish community in your Will.  You may include the Jewish Federation of Delaware as the beneficiary of a stated sum; as the recipient of the remainder of your estate after other legacies have been distributed; as the beneficiary of a percentage of your residuary estate; or as a contingent beneficiary.  You can accomplish this by including a few sentences in your Will or living trust.  The major benefits of a Bequest include:

·Flexibility, simplicity and confidentiality.

·Unlimited federal estate tax deductibility.

·Reduction of your taxable estate.

Outright Cash Gifts

Cash is the simplest assets to donate.  You can create a Fund now and receive an income tax deduction in the year you make your gift.

Gift of Securities

Gifts of appreciated securities that you have held for more than one year may be deducted at their full market value on the date of their transfer to the Jewish Fund for the Future.  You will avoid capital gains tax on the appreciation in the value of the securities and the Jewish Fund for the Future, a tax exempt entity, will receive the full market value of the donated property.

Gift of Retirement Plan Assets

Name the Jewish Fund for the Future as a beneficiary of your IRA or retirement plan and taxes can be reduced or even avoided.

Gift of Life Insurance

You can name the Fund for the Future the owner and beneficiary of a paid-up policy.  You may be able to receive an income tax deduction when you irrevocably assign a policy to the Jewish Fund for the Future.

Real Estate

The Jewish Fund for the Future will consider gifts of unencumbered real estate.  You may also consider donating a residence and retaining the right to live in the property during your lifetime.

Creating an Endowment

Named endowments can range from $5,000 to many millions of dollars, and just about anyone can create one.  You can create one!

Celebrate your commitment to the Jewish Federation and to the Jewish people.  The Annual Campaign alone cannot secure the future of our Jewish community.  Your legacy gift will make the difference.

For more information please contact Karen Venezky, Endowment Director, Jewish Federation of Delaware at (302) 427-2100 x 19 or karen@shalomdel.org

She is available to work with you and your financial/tax advisors to design a plan that best suits your needs.

 Note:  The material contained on this website is for informational purposes only and should not be construed as legal or tax advice.  For the plan best suited to your personal situation and charitable preference, it is recommended that you consult with your professional advisors and the staff of the Jewish Fund for the Future.