Ensure Our Community's Future
At this stage in life, some of the financial issues donors may find themselves dealing with are:
For the charitably inclined, certain types of gifts can provide solutions to taxing problems:
Cash, check, and credit card
A gift of cash is easy to make, and the gift is not subject to gift or estate tax. A contribution of cash or by a check that is postmarked in December is deductible for that tax year—even if UJA-Federation receives it in January—provided the account against which the check was written had sufficient funds to cover it in December. A contribution by credit card must be made by December 31 in order to be deductible for that tax year.
Gifts of appreciated securities
A charitable gift of long-term appreciated securities can provide a double benefit—an immediate income-tax deduction for the full fair-market value of the securities and the avoidance of capital-gain tax.
Life insurance
A gift of life insurance can be an excellent way to make a substantial gift on the installment plan, and if donor irrevocably transfers full ownership of the policy to UJA-Federation, donor is entitled to an income-tax deduction for each premium payment.
Deferred-payment charitable gift annuity
If donor is making the maximum annual contribution to retirement account but is unsure whether there will be enough income when he or she retires, consider establishing a deferred-payment charitable gift annuity with UJA-Federation.
Charitable remainder unitrust
Provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5% of the value of the trust as it is valued each year. Since the value may vary year to year, the payments may vary.
Charitable bequest
If donor would like to make a substantial gift to charity but does not have the current disposable income or assets to do so now, consider a charitable bequest.
Please contact us for more information!
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