- life insurance
- charity direct
- gifts of cash, securities and in-kind gifts
- charitable gift annuities
- charitable trusts
Life insurance
Gifts of Life Insurance allow you to provide for a larger legacy tomorrow by making a manageable commitment today. You may assign an existing policy to the Jewish Community Foundation or purchase a new policy naming the Foundation as beneficiary and owner of the policy.
You will receive a tax receipt for the entire amount of the life insurance premium you pay each year. When the proceeds of the policy are transferred to the Foundation, you have created a legacy which can be directed to support your favourite charity, field of interest or to perpetuate your annual CJA campaign gift.
We welcome the opportunity to discuss life insurance as a gift planning tool with you. The Foundation also participates in the Charity Life Direct Insurance Program. Learn more about this program or subscribe on-line.
Charity Direct
The Jewish Community Foundation participates in this unique insurance program. The program enables donors to provide for a legacy with a manageable annual commitment. You may choose between a three or five year commitment for annual premium payments, at which time the program is fully paid-up.
You may purchase coverage of $15,000 - $50,000 and your acceptance is guaranteed with no medical exam required. The Charity Life Direct Program provides a simple, guaranteed way for you to create a legacy with the Jewish Community Foundation. You can subscribe on line today or submit a request to receive a brochure with more information.
Gifts of Cash, Securities and In-Kind Gifts:
Cash gifts may be made outright or pledged over a number of years. Tax receipts are issued and allow you to claim a tax credit on your tax return.
Gifts of securities, bonds or real estate may be made to the Foundation and a tax receipt will be issued for an amount up to the fair market value of the gift at the time of the donation. For gifts of appreciated securities, the capital gains tax has been completely eliminated so you enjoy considerable tax savings by donating appreciated securities.
Charitable Gift Annuities:
If you wish to create a legacy with an endowment during your lifetime but still have income needs, an annuity may be of interest to you. These gifts will provide you with guaranteed lifetime income (much of which can be tax free) and, depending on the type of annuity chosen, will result in a significant present or deferred gift to establish an endowment. These gifts can yield substantial tax benefits throughout your lifetime and are most beneficial for those aged 70 and older.
Charitable Trusts
A Charitable trust is a living trust which you establish by contributing your assets, which then pays you an income during your lifetime. Upon your death, the “remainder” (i.e. the capital) will pass directly to the Foundation to be directed to your endowment fund. The advantage is that you enjoy tax savings during your lifetime compared to a bequest which benefits your estate after your death.
