Ways to create a Jewish Legacy
Creating your Jewish legacy through planned giving enables you to have a positive, lasting impact on our community. Below are some of the most the most effective ways to achieve your charitable planned giving goals. For more information on these and other tools as well as free resources for planning your will, visit our Planned Giving Website or call us at 503.248.9328.
Donor Advised Funds:
- An easy-to-use current charitable giving fund
- Enjoy administrative convenience, cost savings, and tax advantages by conducting your regular
- charitable grant making through the fund
- May be opened for as little as $1,800. Minimum fund balance of $5,000 required for the privilege of making grants. Read more about donor advised funds here >
Endowment Funds:
- Permanent, secure funds offered by OJCF that support the community in perpetuity
- May be named after you or a loved one
- Each year, earnings from the fund are granted to your charity of choice
- Receive current income tax charitable deduction
- Avoid estate taxes on contributed assets
Charitable Bequests:
- Gifts that are made through a provision in your will or trust
- The gift may be an outright donation to OJCF operations, a donation to OJCF’s Community
- Endowment Fund or it may create a named endowment fund to benefit your charity of choice
- Your estate receives a full federal charitable deduction for the bequest in the year of your death
- During your lifetime, the assets remain in your control
Charitable Gift Annuities:
- A contract between you and OJCF in which you make an irrevocable gift of cash or securities ($10,000 and above) and you receive immediate, guaranteed lifetime payments
- The remaining value at your passing benefits OJCF’s Community Endowment Fund
- Receive a partial charitable income tax deduction on the original gift
- A portion of the payments you receive is tax-free.
- Capital gains taxes are spread over your lifetime on gifts made with highly appreciated assets owned for longer than 12 months
Life Insurance:
- You allow the OJCF to purchase and own a life insurance policy on the life of yourself or other designatee
- Your small tax deductible contribution toward the premium is tax deductible
- The death benefit is used to establish a sizeable endowment fund in honor of yourself or a loved one without significantly depleting your existing assets
- You may also convert old policies, or may gift a paid-up policy outright.
Charitable Remainder Trusts:
- Trusts established for charitable purposes
- You retain an income interest for a specified period of time
- OJCF serves as trustee and/or beneficiary, and receives the remaining trust principal upon the death of the last income beneficiary, or at the trust term expiration
- Remaining proceeds are used to create a named endowment fund
