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Extend your commitment. Inspire the next generation—
and generations after that. Make a connection to the
future. Your gift can make a difference. |
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A Perpetual Annual Community Endowment (PACE) is a permanent fund dedicated to endowing your giving to causes you care about now. 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 your favorite Jewish causes.
You may create your Perpetual Annual Community 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 Jewish causes you care about 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 current community giving, simply multiplythe total of your current 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.
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. |
Bequest
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 Jacksonville Jewish Foundation owner and beneficiary, the donor may be able to deduct the premiums. |
Gift of 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.
Charitable Income Plan
A Charitable Remainder Trust or Charitable Gift Annuity 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 gift or other endowments for Jewish causes. |
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.
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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• 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 |
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there - BROCHURES |
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