Planned Gifts. Arrange Now to Give Later.

There are a variety of creative ways you can include Donna Klein Jewish Academy in your estate and financial planning, including wills and bequests, life insurance, charitable remainder trusts, and charitable lead trusts.

The Best Ways to Establish a Legacy Endowment Fund, A Legacy of Education for Future Generations

Every person has a unique family and financial situation. In recognition of different estate planning and tax objectives, an endowment can be easily designed to match your personal circumstances with great benefit.

Bequest in Your Will or Trust

This is the most common technique for creating an endowment. A charitable bequest allows individuals to retain use of and control over their assets during their lifetime.

•         A donor can create a charitable trust through a will or leave an outright charitable bequest.

•         A charitable bequest is deductible in determining the amount of an estate subject to death taxes.

Policy Life Insurance

The reasonable cost and tax benefit make this particularly appealing for younger donors to perpetuate their gift to Donna Klein Jewish Academy.

•         Donna Klein Jewish Academy should be designated as beneficiary and owner of a new policy. When Donna Klein Jewish Academy is the sole owner, all premium payments are tax deductible.

•         An existing policy can be transferred to Donna Klein Jewish Academy by naming the school as the owner. At the time of transfer, a current deduction equal to the net cash value of the policy can be taken. All future premium payments would be a current-year tax deduction in the year paid.

Outright Gifts of Cash or Appreciated Securities

This is the easiest way to create an endowment. Establishing an endowment today with cash or appreciated securities creates an endowment during your lifetime. Appreciated stocks can be donated to avoid capital gains taxes. Both cash and stocks will create a current income tax charitable deduction.

Charitable Income Plans

A charitable remainder trust or charitable gift annuity provides life income for one or several income beneficiaries, such as the donor and the donor’s spouse. Upon death, the remainder interest stays with Donna Klein Jewish Academy.

•         You would contribute cash or appreciated stock now, receive current income during your lifetime, and at death, the remainder will create an endowment.

•         Unlike current restrictions on IRAs or amounts that can be contributed to qualified pension plans, there are no such restrictions on gifts that can be contributed to charitable remainder trusts.

•         An income tax charitable deduction is taken at the time of the gift, and the asset is removed from the estate for estate tax purposes.

IRAs and Pension Funds

If you have accumulated substantial amounts in your retirement account and you are in the highest brackets for paying income and estate taxes, those taxes can exceed seventy percent (70%) of the amount in the plan.

•         These are not ideal assets to bequeath to your heirs.

•         Naming Donna Klein Jewish Academy as the after-death beneficiary of your IRA or pension fund can save these taxes.

Philanthropic Fund and Supporting Foundation

A donor-advised fund or family foundation could be established now. During your lifetime, you can recommend distributions to qualified charities.

An endowment could be created in several ways:

•         Set aside a certain amount of the fund now as a permanent endowment

•         Set aside a sum of money at death

•         Direct your successors to continue your gift to the Annual Fund after your death.

The principal of these funds will provide a solid base of ongoing support for Donna Klein Jewish Academy in perpetuity.

For more information on making your gift, please contact our Office of Development at (561) 852-5007 or development@dkja.org.