Ways to Give

Thank you for your interest in establishing a fund with the Jewish Foundation of Greensboro. You may make a gift of almost any size, either during your lifetime or through a bequest. The Foundation offers flexible vehicles to meet your charitable objectives, accommodating individuals of modest means as well as those with substantial wealth. Every gift is one of consequence to the Jewish people. Scroll down to learn more. 

Contact the Jewish Foundation of Greensboro Director Susan R. Gutterman

 

Please note that the net proceeds will be credited to the Donor’s fund less any transaction fees incurred.

Types of Funds

Designated Funds

  • Support an organization or cause you care about by providing a source of annual funding for a specific community need that falls within the mission of the Jewish Foundation of Greensboro.
  • Establish a permanent fund with a minimum of $5,000 through a gift of cash, stock, property; a legacy gift in your will, trust, or retirement plan; life insurance, charitable remainder trusts, charitable gift annuities, and retirement accounts (e.g. IRAs).
  • Your fund can be a meaningful way to honor or remember a loved one and to perpetuate your Jewish values long beyond your lifetime. Family and friends can donate to your fund.
  • Take advantage of several tax benefits by making a charitable IRA distribution. Up to $100,000 can be given every year, and many people 70.5 or older, who must make the required minimum distribution, find this a great avenue to make donations.

Charitable Bequests

  • Provides permanent endowment resources for organizations important to you.
  • You may choose to make a gift of cash, appreciated securities or property; and your estate will recieve a tax deduction in the amount of your charitable bequest. Your heirs pay no estate tax on the amount you give to charity.
  • You choose the recipients, qeographic location and cause. You can give to existing endowments and/or establish your own endowment, donor-advised fund, or a designated fund.
  • You can create a fund in your name or make your gift anonymous, honor or memorialize loved ones, highlight a broad field of interest, or support a specific organization or cause that you care about, which falls within the mission of the Jewish Foundation of Greensboro.
  • There's no limit to the amount you may set aside from your estate; you may make a gift as large or small as you'd like.

Charitable Remainder Trusts

  • Provides a lifetime annuity for you or your designated beneficiaries for a term of years or your lifetime, with the remainder going to one or more charities of your choice.
  • Enables you to make a significant contribution to the Jewish community.
  • Provides a current income tax charitable deduction, avoids estate taxes on contributed assets, and eliminates initial tax on capital gain for contributed appreciated property.
  • May be established with a gift of cash, appreciated securities or property to the trust either during your lifetime or through your will.

Charitable Lead Trusts

  • Permits you to provide for a charitable cause during your lifetime or to support initiatives and organizations in the future.
  • An irrevocable trust that generates income payments for one or more charities of the donor's choice, for a period measured by a fixed term of yours for the life of an individual or individuals, with the remaining assets eventually going to you, family members, or other beneficiaries named in the trust instrument.
  • Offsets gift and estate taxes on inter-generational transfers of assets. Eliminates gift or estate tax on future appreciation of the transferred assets held in the trust.
  • Established for a specific term by contributing an income-generating asset. The trust pays a fixed annual amount to the chosen charities until the end of the term.

Perpetual Annual Campaign Endowments

  • Endow your gift in perpetuity to the Greensboro Jewish Federation Annual Campaign, which will carry on your acts of tzedakah and charity.
  • This is not intended to take the place of any part of an annual giftit is instead a lasting legacy that will continue to make annual gift to the Campaign in perpetuity on your behalf.
  • You may create your PACE through a variety of vehicles, some of which provide your estate with considerable tax benefits without the requirement that you contribute during your life time.

Lion of Judah Endowments (LOJE) 

  • ​Allows any woman currently making an annual gift of $5,000 or more to endow her gift in perpetuity. Twenty times the gift amountor a minimum of $100,000is necessary to create an endowment in her name, during her lifetime or by putting a bequest in her will, to endow her Greensboro Jewish Federation Annual Campaign gift in perpetuity.
  • You set a powerful example for women today and in the future.
  • All contributions to established LOJE are tax deductible. You may recieve a charitable income tax deduction if you make a gift to establish a fund during your lifetime. If you make the gift through your estate plan, your estate may recieve a charitable tax deduction.

Life Insurance Gifts

These enable you to make a substantial future endowment gift through tax deductible premium payments. For example you can:

  • You name the Foundation as owner and beneficiary of your existing policy. When you make your gift, you are entitled to a charitable income tax deduction that may be sizable, and the policy proceeds will be payable to the Foundation.

  • You purchase a new policy and name the Foundation as owner and beneficiary. You make deductible contributions to the Foundation that the Foundation may use to pay the premiums.

  • You name the Foundation as beneficiary of you policy and retain ownership. The proceeds may be included in your taxable estate but can be offset with a charitable tax deduction.

  • The Foundation will use the policy proceeds for purposes that you specify.

Wills and Living Trusts

  • You may decide to leave a gift in your will or living trust of a specific dollar amount, a percentage of your estate, or all or part of what remains after you provide for family and friends.
  • A gift in your will or living trust does not affect your cash flow.
  • Your assets remain in your control during your lifetime.
  • You can modify or revoke your gift at any time if circumstances change.
  • You can direct your gift to fields of interest you feel passionate about.

IRA Charitable Rollover

  • A Qualified Charitable Distribution from your IRA is not deductable, but neither is it subject to federal or North Carolina income tax. The tax benefit is both available for donors who itemize and those who do not. And because a Qualified Charitable Distribution is not deductible, it does count against the annual federal ceiling on deductible charitable contributions.

Donor Advised Philanthropic Funds

  • ​Support causes of your choice that fall within the mission of the Jewish Foundation of Greensboro.

  • Establish a fund with a gift of $10,000 or more; the assets in the fund will grow tax-free. Funds can be established with a variety of assets. Your family and friends may contribute as well.

  • Support causes of your choice. Our online fund management tool, DonorCentral, allows you to make recommended grants effortlessly to almost any charitable organization—Jewish or secular, local or global.

  • Perfect for generational generosity. Appoint your children or grandchildren to make grants on your behalf now, or as your successor, enabling your family's future generations to carry on the tradition of tzedakah and contributing your legacy that you established.

  • A tax-smart charitable giving account, the fund streamlines your giving and is not subject to excise taxes on investment income. Make a contribution now, maximizing your tax benefit. Choose beneficiaries at your own pace.

  • Deposit money for future giving so you don't have to dip into retirement savings. Consider setting up a fund while working and make donations from it during retirement when income is fixed or significantly less.

Investment Committee Members

Donor Advised Funds

A Donor Advised Fund is a named fund at the Jewish Foundation of Greensboro that is invested with the rest of the Foundation’s assets and managed by a professional financial advisor. You sign a simple agreement with the Foundation and transfer assets—either cash or stock. When you wish to make charitable distributions in the amount of $100 or more, you recommend the donations through the Foundation, and we handle the rest. You receive quarterly statements and copies of all transactions.

There are many reasons to open a Donor Advised Fund:

Less Paperwork

If you give to multiple organizations, you no longer have to worry about tracking those gift receipts for tax purposes. The only thing you need to give your accountant is the receipt for your gift to the Foundation.

Control the Timing of Your Gifts

If you are ready to make a charitable gift and receive the tax deduction now but want to defer your gifts to your favorite organizations, we can help. You can give your gift to the Foundation today, invest it with the Foundation’s assets, and then have the flexibility to recommend distributions to charities when you are ready.

Save on Capital Gains Taxes

When you contribute long-term appreciated stocks or mutual fund shares directly to your Fund, you pay no capital gains taxes when the assets are sold.

Show Jewish Support

Your gifts are clearly designated as coming from your Donor Advised Fund. Because your fund is held at the Jewish Foundation of Greensboro, you will show Jewish support of the general community every time you make a gift to a secular organization.

Engage your Family in Philanthropy

You can designate your children as Successor Advisors to make recommendations for distributions from your Fund so that they can continue your legacy of giving.

Jewish Foundation of Greensboro Board 2019-2020