Orlando Senior Help Desk

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407-678-9363

421 Montgomery Road #131
Altamonte Springs, FL 32714
Email: info@orlandoseniorhelpdesk.org

Planned Gifts

Whether planning your estate or simply wanting to contribute an ongoing annual gift to the long-term stability of the organization, The Jewish Pavilion can provide you with the opportunity and information needed to help. Annual gifts will be dedicated to our general operating budget while planned or estate bequests will go directly to our endowment, ensuring that The Jewish Pavilion has a bright future.

Because tax laws encourage charitable giving by providing substantial deductions, the way you design your gift will help determine its benefits to you and to The Pavilion.

Planned gifts can be made in three ways: outright gifts, gifts which provide a life income, and gifts through a will or bequest. Described below are some of the common options for those gifts, with a brief description of possible tax advantages. Contact your legal advisor who can give you a suggestion tailored to your situation.

Outright Gifts

An outright gift of cash is the simplest form of giving and the method chosen by most people who donate to The Jewish Pavilion. A gift of cash is not subject to gift or estate taxes, and is deductible for income tax purposes to the extent of 50% of your adjusted gross income. Amounts exceeding this limit can be carried forward for tax purposes for five years.

Other assets can be donated as well, including securities, real estate, closely held stock, life insurance policies, and tangible personal property such as books, artwork and stamp collections. These gifts provide a charitable tax deduction equal to the asset’s fair market value of up to 30% of adjusted gross income with a five-year carry forward.

Gifts of appreciated assets — such as common stocks, bonds, or real estate — provide you with an income tax deduction of the fair market value of the gift while avoiding capital gains taxes and gift/estate taxes. You may donate real estate and maintain life use of the property.

Shares of stock in a closely held corporation can be contributed and subsequently redeemed in cash by the corporation, generating substantial tax benefits.

By naming The Jewish Pavilion owner and beneficiary of a new or paid life insurance policy, you receive a tax deduction for up to the face value of the donation.

Planned Gifts

Planned giving is the process — some would say the art — of making a generous charitable donation that satisfies both the donor and the recipient. Like all art, philanthropic giving requires a good design to achieve the desired result.

Because tax laws encourage charitable giving by providing substantial deductions, the way you design your gift will help determine its benefits to you and to The Jewish Pavilion.

Planned gifts can be made in three ways: outright gifts, gifts which provide a life income, and gifts through a will or bequest. Described below are some of the common options for those gifts, with a brief description of possible tax advantages. Please consult with your own legal advisor.

Outright Gifts / Life Income Gifts / Bequests

If you wish to make a gift to The Jewish Pavilion but require the income your assets earn, you may make a gift that increases your income, saves on income taxes, and avoids capital gains and gift/estate taxes. Some examples of life income gifts include:

Charitable Gift Annuity

The charitable gift annuity is among the simplest and most popular methods of making a charitable gift. In exchange for cash or marketable securities, The Jewish Pavilion will contractually guarantee to pay a specific amount per year for life to a donor and/or other beneficiary. The payments may begin immediately or be deferred as directed by the donor.

Charitable Remainder Trust

You make an irrevocable gift to a trust, which pays you, you and/or your spouse, or any other beneficiary, an income for life. Upon your death, or the death of the income beneficiary, the trust’s assets go to The Jewish Pavilion. You receive an outright tax deduction in the year of the gift, increase your income, and avoid capital gains and gift/estate taxes.

Charitable Lead Trust

You place an asset (e.g. Cash, securities, or real estate) in a trust, and all or a portion of the income from the trust goes to The Jewish Pavilion. After a fixed period of time or upon your death, the assets in the trust go to your beneficiaries/heirs. The gift/estate tax benefits can be substantial.

Planned giving strikes a balance between addressing your financial needs and enabling you to leave a powerful legacy at The Jewish Pavilion. With a little planning and creativity, your assets can be used to maximize your personal benefit, while providing for the future of The Jewish Pavilion.

Many non-profit organizations receive funding through the generous support of individuals who have established planned gifts. Their desire to make an impact and leave a lasting mark on The Jewish Pavilion has enabled us to make sure no one is forgotten: It is the mission of the Jewish Pavilion to enhance the quality of life of our elders in long term care and strengthen their connection to the community. You can personally make a difference.

Charitable gift planning can help you explore the impact you hope to make at The Jewish Pavilion and assist in bringing our vision to fruition. Often, donors do not realize the many giving options and various assets they have available. Many of these assets are not only valuable for charitable gifts, but also can be used to fund arrangements that provide a donor with additional financial and tax advantages.

While many options are available, these are just a few strategies that demonstrate how support through a planned gift can help you make a larger impact than you might have imagined possible.

For more information on planned giving, please contact Nancy Ludin at 407-678-9363.

What to Give

A variety of assets can be used for planned gifts. Consider some of the following as you think about your charitable gift planning.

  • Gifts of Cash – A gift of cash is a simple and straightforward transaction. Similar to the other assets, gifts of cash are tax deductible and can be used to fund a variety of planned gift arrangements.
  • Gifts of Securities – Appreciated securities are an effective way to make a gift and receive favorable tax advantages. By gifting appreciated securities, you avoid recognition of capital gains tax and The Jewish Pavilion benefits from the full market value of the donated property. This asset can be used to fund a variety of planned gift arrangements.
  • Gifts of Real Estate – Real property is often overlooked as a valuable asset for making charitable gifts.
  • Gifts of Retirement Plan Assets – Individual Retirement Accounts (IRAs) and other qualified retirement plans are an effective asset to consider for charitable gifts.
  • Gifts of Life Insurance – A gift of life insurance is an effective way to make a larger impact at The Jewish Pavilion than you may have thought possible. For more information on what to give, please contact us.