Legacy Endowment

Our Legacy Endowment is designed to ensure that Temple Beth Sholom has a strong financial future. With a robust endowment, we’ll be able to avoid substantial increases in membership and service fees while continually meeting the same level of excellence in all that we do.

The endowment generates additional income through conservative investment of its principal. The percentage of the interest that the endowment produces is then used to offset operating budget expenses.

By creating your legacy gift, we can ensure that a safety net is in place to protect and strengthen our beloved Temple Beth Sholom and Innovative School community for many years to come.

Your legacy gift of any size can be customized to fit your lifestyle, family, and financial situation. There are a multitude of options for donating today or for planning ahead, so that your family can be remembered for its visionary support.

Contact: Katy Boyask, Director of Advancement at [email protected] or 786.406.1375.

GIVING OPTIONS

Many donations to Temple Beth Sholom are exempt from gift and estate taxes and may even have capital gains and income tax benefits. Please consult your tax advisor.

Ways to give include: 

CASH (Payable over 1, 5 or 10 years)

• Income tax deductible
• Flexible pledge terms
• See the impact of your gift during your lifetime

 

BEQUEST IN YOUR WILL OR TRUST

• An easy way to leave a legacy.
• Exempt from federal estate tax.
• Bequests should specify Temple Beth Sholom, for allocation to The Rabbi Gary A. Glickstein Foundation of Temple Beth Sholom of Miami Beach, Florida, Inc. Tax ID #65-0654717.

 

DONOR-ADVISED FUND (DAF)

• Create your DAF via a public charity, community foundation or financial institution.
• The sole purpose of a DAF is to support charitable organizations close to your heart. They are one of the fastest-growing giving vehicles in the United States.
• Utilize your DAF at any time to make grants to eligible IRS-qualified public charities, such as Temple Beth Sholom.

 

IRA OR PENSION PLAN

• Designate Temple Beth Sholom as the beneficiary of all or part of your qualified retirement plan, such as an IRA or 401k.
• Ask your attorney about charitable gifting through your IRA to avoid both estate and income tax.
• Are you 70½ or older? Click here to learn about special benefits for income tax savings with IRA charitable giving.

 

LIFE INSURANCE

• Consider naming Temple Beth Sholom as a beneficiary of an existing policy.
• Allows you to pledge a generous gift in the future with an affordable donation today. This is especially attractive to younger donors.

REAL ESTATE

• Income tax or estate tax deductions.
• Capital gains tax benefits.

 

SECURITIES

• Immediate deduction of fair market value and avoids capital gains tax.
• Gifts of highly appreciated securities benefit Temple Beth Sholom and may leverage income tax benefits.

 

SPLIT INTEREST GIFTS

• Charitable Lead Trust
• Charitable Remainder Trust
• Can be set up at lifetime or at death.
• Benefit your family and Temple Beth Sholom.
• Contact your financial advisor for more information.

 

TANGIBLE PERSONAL PROPERTY

• Jewelry, art, collectibles

 

BENEFITS OF YEAR-END GIVING

If you are considering a gift to Temple Beth Sholom, the end of the year is a wonderful time to give. There are many tax benefits for giving to a 501(c)(3) qualified charity, such as Temple Beth Sholom.  Here are some benefits you should know about:

• A gift to a qualified charitable organization may entitle you to a deduction against your income tax if you itemize deductions.
• A contribution is deductible in the year in which it is paid.
• There are limits to how much you can deduct and they are very high.
• Rules exist for non-cash donations.
• Temple Beth Sholom will send you a tax letter for your records.