Legacy Society
For the past 150 years, Temple Beth-El has passed on Jewish values from generation to generation. We truly are a congregation with a strong and meaningful heritage. As our parents and grandparents did for us, the Legacy Society’s mission is to secure Temple Beth-El for the future.
Legacy Society members agree to make a “Planned Gift” of $5,000 or more. Gifts are added to the General Endowment Fund and used as determined by the Board of Trustees. Outstanding opportunities await all of us to save on taxes, enhance income or protect assets.
If you have already made a provision, let us know so we may honor you.
Following are many of the IRS-approved options. More information is available by contacting Judy Moseley, Executive Director, (401-331-6070), Ruby Shalansky, Fundraising and Development. or your financial advisor.
| Your Objective |
Giving Vehicle |
Method |
Your Benefits |
| Large gift over time |
Pledged Gift |
Make pledge and pay it over a period of time with cash, securities or personal property. |
Quick, simple and flexible
Income tax deduction
Avoidance of capital gains tax
Commemorative opportunity |
| A gift after your lifetime |
Bequest in will |
Name Beth-El in your will |
Estate tax exemption |
| Retain life income from an asset with reduced tax cost |
Charitable gift annuity |
Enter into a plan with Beth-El, in which you and/or your spouse will be paid an annual fixed rate |
Current and future savings on income taxes
Dependable fixed income for life |
| A large gift with relatively low cost |
Life insurance |
Name Beth-El as beneficiary of an existing policy or fund a new policy with Beth-El as owner and beneficiary |
Current and/or future income tax deduction
Income tax deduction in year or years of policy payment |
| Reduce taxes on retirement assets |
Retirement plan (IRA/401k, etc.) |
Name Beth-El as a beneficiary of assets after your lifetime |
Reduce income tax and avoid heavily taxed gifts to heirs |
| Save taxes on IRA distributions |
Individual Retirement Account distribution (expires 12/31/09) |
Individuals 70.5 and older, name Beth-El as recipient of the annual distribution up to $100,000 |
Lowers taxable income, and distribution is tax free |
| Avoid capital gains tax on the sale of a home or other real estate |
Real estate |
Donate the property or sell it to Beth-El at a bargain price |
Immediate income tax deduction and avoidance of capital gains tax |
| Stay in your home without the responsibilities of ownership |
Retained life estate |
Designate the ownership of your home to Beth-El |
Income tax deduction
Lifetime use of home |
| Secure a fixed or increased income |
Charitable remainder annuity trust |
Create a charitable trust that pays you a set income annually |
Immediate income tax deduction
Fixed income for life |
| Create a long-term hedge against inflation |
Charitable remainder Unitrust |
Create a trust that pays a percentage of the trust's assets, valued annually |
Immediate income tax deduction
Annual income for life that has potential to increase |
| Reduce gift and estate taxes |
Charitable lead trust |
Create a trust that pays income to Beth-El then passes to donor's heirs |
Keeps property in family
Reduces size of taxable estate
Often reduces gift taxes |
Our Named and Designated Funds
