Planned Giving

Gifts of life insurance, real estate and life income gifts demonstrates your commitment to JFS and allows you to fulfill your charitable intensions and may result in immediate and possible future benefits for you.

Life Insurance

You can contribute a life insurance policy to us by naming us either as the owner of the policy or simply as the beneficiary. If you name us as owner and beneficiary, you will be entitled to an income tax deduction limited to the lower of the value of the policy or your cost basis in the contract. In addition, if you continue to pay premiums on a policy that we own, you can deduct the premium payments.

Life Income

Life Income gifts allow you to receive an income as a result of making a charitable gift. Depending upon the plan you chose, the income can be fixed or variable and can be for you or other beneficiaries you chose. For example, you might create a charitable remainder trust to pay income to you for life and contribute money, stock or other property to it. Once placed in the trust, the assets can be sold (without capital gains tax) and the proceeds reinvested to produce a higher yield. Life income gifts entitle you to an immediate income tax deduction, which is based upon the present value of your gift to us.

Real Estate

If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You can claim an income tax deduction based upon the fair market value of the property, avoid all capital gains taxes and remove that asset from your taxable estate. Or, you can transfer your home or farm to us now and continue to use the property for life. Due to the complexities involved, we encourage you to contact Sally Lyne at Jewish Family Services, slyne@jfsmilw.org or 414-390-5800.

Bequests

Does your will reflect your life? Just as you have been the master of creating your own lifetime wealth, you can also design your own legacy by knowing how to best provide for your heirs and favorite charitable organizations.