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We seek to inspire every Jewish student to make an enduring commitment to Jewish life. We aspire to do this not just for the present, but for generations to come.
Clearly, outright gifts today will help us to fulfill this vision. At the same time, planned gifts are a way that enables you to help us accomplish more than outright gifts.
Bequests are the most frequently used method of providing support in the future, just as you may be doing during your lifetime. Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that you will be providing enduring support to our vision of enduring commitment to Jewish life.
Bequests to Hillel at Stanford can be made through a will or living trust. They can be made for a specific amount, for a percentage of your estate, or even for all or a portion of what is left after you have made specific bequests to your family and others. Bequests can include cash, securities, real estate, other property, or a percentage or all of the residue of your estate.
A life income gift allows you to make a gift to Hillel at Stanford while providing income for yourself or others for a period of time before Hillel is permitted to use your gift. For example, you may want to make a gift to Hillel, but feel you do not want to part with the income that you receive from an asset you wish to give to Hillel. Or you may want to take an asset that is not providing you much income and give it to Hillel using an arrangement that will provide you (or someone you name) with more cash flow than you had before.
Life income gifts can also offer significant tax advantages in the form of an immediate charitable deduction, avoidance of capital gains tax upon sale of any appreciated assets, and an eventual estate tax savings.
There are several principal types of life income gifts, giving you a range of choices in your financial and estate planning. One of the most popular forms of life income gifts is a charitable gift annuity. A charitable gift annuity is an agreement between you and Hillel through the Jewish Community Endowment Fund. In exchange for a charitable gift – it could be in the form of stocks, bonds, real estate, or cash – you would receive fixed payments for life at very favorable rates.
Variations exist on charitable gift annuities that allow for deferred and enhanced fixed annuity payments, or payments that are a percentage of asset value.
As with any other kind of gift, planned gifts may be designated for a particular purpose, and they can be used to establish named endowment funds.
If you have a question regarding bequests or other planned gifts to Hillel at Stanford, please contact Jon Kaplan, Director of Development, 650-723-0913. |
