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The Centennial Fund for a Jewish Future

There are a number of ways to establish an endowment fund within the Centennial Fund for a Jewish Future (CFJF) depending on your particular situation.

Outright Gifts of Cash

The simplest and easiest gifts you can make — can be made through credit/debit card transactions, outright cash, personal checks, cashier's checks, or money orders. They will provide the most immediate impact in the community.

Outright Gifts of Securities

Gifts of appreciated securities, stocks, and bonds may provide considerable tax advantages when transferred before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income-tax deduction as well as helping avoid the capital-gains tax that would have been due on their sale.

Gifts of Non-cash Assets

Non-cash gifts, such as real estate, business inventory and tangible personal property may be made after consultation with the Federation. These non-cash gifts generally qualify for an appropriate charitable income tax deduction.

Provision by Will

By having your attorney revise your will or add a simple amendment, you can provide for a commitment to the CFJF of a dollar amount, a specific property, a percentage of your estate, or what is left after remembering your loved ones. Bequests to charity may provide significant tax benefits to your estate.

Charitable Lead Trusts

A Charitable Lead Trusts pay income to an endowment within the Foundation during the donor's lifetime (or a specified period of time). The remaining principal is returned to his/her beneficiaries upon the donor's death. The assets passing to the donor's beneficiaries can significantly reduce or even eliminate any Estate or Gift Tax.

Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a way to get a charitable deduction today for a gift that is promised to be paid in the future. A CRT pays income to the donor or designated person(s) for life. Upon the death of the donor, an endowment is established.

Life Insurance

A life insurance policy can be acquired to establish an endowment fund. When a charity is the owner and beneficiary of a policy, premium payments qualify for a charitable income tax deduction. Even an existing life insurance policy can be contributed to establish a fund. By changing the ownership and beneficiary of an existing policy to a charity, the donor receives a charitable income tax deduction for the value of the policy and can then deduct any future premium payments.

"Many of the most important issues that Jews think about, often obsessively, are expressed in Jewish humor."

Rabbi Joseph Telushkin, Jewish Humor: What the Best Jewish Jokes Say About the Jews