Ways to Create a Jewish Legacy with OJCFThe OJCF Community Endowment Fund: OJCF's Community Endowment Fund ensures the survival of the local Jewish community awarding annual grants to both Jewish and secular organizations. The fund gives priority to Jewish projects relating to art and culture, community development, education, health, social welfare. The fund also awards grants for projects which represent an innovative, start-up effort, are capital in nature, promote collaboration among qualified organizations, serve a broad segment of the community and are located in Oregon or SW Washington. Donate to the OJCF Community Endowment Fund onlineCharitable Bequests: A charitable bequest is a gift made through a provision in your will or trust. A named endowment fund will be named in honor of you and benefits the charity or purpose you designate. Your estate receives a full federal estate tax charitable deduction for the amount of bequest in the year of your death. During your lifetime, the assets remain in your control. Click here for language you can use to form a bequest Endowment Funds: By establishing an Endowment Fund, you help to create a permanent, secure method of supporting OJCF and our community. Endowment Funds may be tailored to provide support the particular organization or interests of your choice. Plus, you enjoy a current income tax charitable deduction and avoid estate taxes on contributed assets. Click here to create an endowment fund! Donor Advised Funds:Named for you, your family or in memory of a loved one, a donor advised fund enables you or your family to make recommendations for grants to qualified charities while providing you with the greatest flexibility and maximum tax benefits. Donor advised funds may be opened for as little as $1,800. Once you open a Donor Advised Fund, you may make grant recommendations to any 501(c)(3) organization for causes/programs of your choice*. Click here to open a Donor Advised Fund! *Minimum fund balance of $5,000 required for the privilege of making grants Charitable Gift Annuities: A charitable gift annuity is a contract between you and OJCF in which you make an irrevocable gift of cash or securities ($10,000 and above)in exchange for immediate, guaranteed lifetime payments. After your passing, the remaining value will benefit the OJCF's Community Endowment Fund, which provides emergency and programmatic support for our shared community. You can claim a charitable income tax deduction for the part of the transfer representing the charitable gift. Also, a portion of the payments you receive is tax-free. If you use highly appreciated assets that you have owned for longer than 12 months, the capital gains tax is generally spread over your lifetime, offering further tax relief. To learn more about Charitable Gift Annuities, please call Julie Diamond at (503) 248-9328. Charitable Remainder Trusts: With a charitable remainder trust, you retain an income interest for a specified period of time. The charity serves as trustee and/or beneficiary, and receives the remaining trust principal upon the death of the last income beneficiary, or at the trust term expiration. The proceeds remaining are used to create a named endowment fund. Donors may designate whether the proceeds are unrestricted, or used for a specific purpose. View the different types of Charitable Remainder Trusts Life Insurance: You allow the OJCF to purchase and own a life insurance policy on the life of yourself or other designatee. Your small contribution toward the premium, which is tax deductible, will generate a large future benefit used to establish an endowment fund in honor of yourself or a loved one. With life insurance, you can make a sizable bequest without significantly depleting your existing assets. You may also convert old policies, or may gift a paid-up policy outright. For more information on these and other planned giving options as well as free resources for planning your will, visit our Planned Giving website here or call Julie Diamond at (503) 248-9328. |
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