Achieve your philanthropic goals through LOJE

By creating a Lion of Judah Endowment you can perpetuate your annual gift and help secure the future of our community.

Bequest
The most common way to create a LOJE is with a bequest in your will. A charitable bequest allows you to retain use and control over your assets during your lifetime. An outright charitable bequest is deductible and reduces the amount of your estate subject to federal death taxes.

IRA or Pension Funds
If you have accumulated substantial amounts in your retirement account and you are in the highest brackets for paying income and estate taxes, those taxes can exceed 70% of the amount in the plan. These are not ideal assets to bequeath to your heirs. Naming the UJC MetroWest as the after-death beneficiary of your IRA pension fund can save these taxes while perpetuating your Lion of Judah gift.

Still available for 2007: If you are 70.5 or older, you can establish or increase a LOJE by making a gift to the UJC of MetroWest NJ of up to $100,000 per year directly from your IRA, with no tax consequences. Ask your financial adviser about the Pension Protection Act of 2006.

Cash or Appreciated Securities
This is the easiest way to create your LOJE. When you create a LOJE with a current gift of cash or other property, your fund may be used to pay your annual gift to the Women’s Campaign. If you donate appreciated securities held for more than one year, you may avoid capital gains taxes and receive a tax receipt for the full value of your gift in the current year.

Life Insurance
Life insurance is an advantageous and inexpensive way to fund a Lion of Judah Endowment, especially for younger women. When you purchase a new policy naming UJC of MetroWest or the Jewish Community Foundation as owner and beneficiary, you will receive a tax receipt for the full value of the annual premium payments. You could also transfer an existing policy and name UJC or JCF as owner. At the time of transfer, you are entitled to a current deduction equal to the net cash or replacement value of the policy. All future premium payments, when paid, would be a current tax deduction.

Other Funding Vehicles
Other options for creating your LOJE include charitable income plans and gifts of property, art, or jewelry. Your financial professional or estate planner can help you select the one best suited for your individual needs and philanthropic goals.

For more information contact UJC at (973) 929-3091 or .