During these challenging economic times, there are charitable planned giving options that can provide you /and or your loved one with income for life at a generous rate of return while providing a meaningful legacy in support of The Hebrew University of Jerusalem. By creating a planned gift through American Friends of The Hebrew University, you can:
- Receive a generous rate of income for life for you or a loved one
- Receive an immediate charitable income tax deduction
- Reduce your taxable estate
- Foster continued progress and achievement at The Hebrew University of Jerusalem
The Charitable Gift Annuity
You can establish a Charitable Gift Annuity* (CGA) with AFHU and receive a generous rate of guaranteed life income for yourself and/or a loved one and at the same time receive income and tax benefits . AFHU offers the American Council Gift Annuity Rates to our donors; minimum age requirement is 65. Alternatively, you can establish a Charitable Gift Annuity with a gift of cash or marketable securities--consider using securities yielding little or no dividends to fund a CGA. A minimum contribution of $10,000 is required to establish a CGA for a single life income beneficiary. A $25,000 minimum contribution will establish a CGA for joint and survivor life income beneficiaries.
* Availability based on your legal state of residence.
The Charitable Remainder Trust
The Charitable Remainder Trust is another form of a Life Income Plan that will provide you and/ or a designated beneficiary, such as your spouse, income for life as well as tax advantages. Established with a major gift of $100,000 or more to AFHU, Charitable Remainder Trusts are held and managed separately with the benefit of individualized investment instructions. There are two forms of Charitable Remainder Trusts: The Charitable Remainder Annuity Trust (CRAT) and the Charitable Remainder Unitrust (CRUT). The CRAT enables you to receive income for life at a fixed dollar amount, based on the value of your gift at the time you establish the trust. A CRUT produces variable annual income payments, based on the annual percentage of the trust’s principal, computed from year to year. If you are under the age of 65,you may wish to consider providing a secure life income to your parent or senior relative or friend by designating them as the income beneficiary of a Life Income Plan . As the donor you receive the charitable income tax deduction and reduce your taxable estate. Individualized illustrations of the income and tax benefits of a Charitable Gift Annuity and/or a Charitable Remainder Trust are available from AFHU upon request.
By establishing a Life Income Plan through AFHU, you will help to ensure that The Hebrew University has the resources needed to meet future challenges as well as to educate the best and the brightest minds. Planned gifts offer a win-win situation, benefiting donors and Israel’s future leaders, who need and deserve our support. |
