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PLANNED
GIVING TO ENDOWMENT
Planned giving through Congregation Beth Israel makes you a permanent partner with the oldest synagogue in San Diego. Your planned gift will ensure that our synagogue will be here well into the next century. With your planned gift you become a part of a group of donors who, like you, are creating a secure future for our community. Your planned gift can also result in financial security for you and your family. Depending on the option chosen, benefits may include:
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Income payments for life
- Income and estate tax deductions
- Avoidance of capital gains taxes
With any option comes the knowledge that you are helping your community while helping yourself.
Here are some examples of different planned giving options:
Outright Gifts of Cash, Securities or Appreciated
Stock
A direct contribution of cash, stock or property is the easiest way
to make a planned gift to Congregation Beth Israel through its Endowment Fund.
For many donors, a gift of marketable securities is the most advantageous way
of giving. When a donor gives appreciated securities which have been held longer
than six months, the donor is entitled to an income tax deduction for the fair
market value of the securities and generally, the donor will not be taxed on
the capital gain. Offers of gifts of real estate will be considered on a case-by-case
basis.
Named Funds
An outright gift or pledge
of endows a Named Fund at Congregation Beth Israel, giving you the opportunity
to honor your family or someone you love in a significant, lasting way. Please
contact Lesley Mills, Executive Director,
at 858-535-1111 ext. 3133, for further information
on requirements.
Bequests
Naming Congregation Beth Israel in your will or adding a codicil to your will is the most popular way to make a planned gift. If you do this, we would love to hear about it so we can thank you.
Income Plans
Through the use of a charitable remainder trust, charitable gift annuity or pooled income fund, you may make a gift to CBI and receive life income for yourself and your spouse or beneficiary. These gifts achieve tax deductions for you, and upon your death, the principal is paid to CBI's Endowment Fund.
Life Insurance
If a donor irrevocably
assigns a life insurance policy to CBI (as sole beneficiary and owner of the
policy), this will result in an income tax deduction in an amount roughly equal
to the cash value at the time of the gift.
Additional Note
Since descriptions of
these various methods of giving are necessarily brief, individuals who are considering
a planned gift are encouraged to discuss their personal situations with their
legal and financial advisors. The Endowment – Planned Giving Committee and
Jewish Community Foundation are available for further information and assistance
to you and your advisors.
For more information regarding Planned Giving at Congregation Beth Israel, please call CBI's Director Lesley
Mills at 858-535-1111, ext. 3133 or email
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