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Help ensure the future of the Jewish community.
Receive income for life. |
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A Charitable Remainder Annuity Trust provides a way to avoid fluctuations in interest rates
and ensures that you or someone you designate receives 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.
This trust agreement locks in a long-term annuity rate and you or your designated beneficiaries receive regular
annuity payments for life, or joint lives, or for a term of up to 20 years. The rate chosen depends on prevailing
market conditions.
Ultimately, the remainder in the trust becomes the property of the Jewish community and is used to meet its most
critical needs, or to support an organization or cause which you can specify.
Should you elect to use appreciated property to fund the trust, you
will avoid any initial income tax on the capital gain. The contributed
property is received by the trust at its fair market value, and the annuity
rate is multiplied by this value to calculate the payments to the income
beneficiaries. In addition, you will be entitled to a current income tax
charitable deduction based on the present value of the anticipated
remainder—which will ultimately be paid to the Jewish community.
Example:
You decide to contribute stock worth $20,000, which cost you $5,000, to a Charitable Remainder Annuity Trust.The
trust then disposes of the stock and reinvests the proceeds.The trust is credited with the full value of the stock,
and neither you nor the trust is charged initially for payments of income tax on the capital gain.The trust provides
income at a fixed rated of, for example, 7%,
guaranteeing payments of $1,400 per year ($20,000 x 7%). |
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A gift to the Jewish community today will allow you to be there for your family, your community, and the Jewish
people—whenever help is needed in the future.
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| Find Out How to - be there
- BROCHURES |
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