Israel Soldiers Gift Annuity
Through our Israel Soldiers Gift Annuity you can receive a high fixed rate lifetime income (for one or two individuals) and receive a valuable tax deduction, all while securing the wellbeing of the brave men and women who protect our country.
What is a Gift Annuity?
A gift annuity is a simple agreement between a donor and Friends of the IDF. In exchange for cash or marketable securities, Friends of the IDF agrees to pay a fixed rate lifetime stream of payments to you and to a survivor, if you wish. The program is regulated by the insurance laws of New York and other states in order to assure that the payments to annuitants are protected.
Sample annuity rates currently offered by FIDF:
Illustration of one-life rates. Two-life rates also available.
Rates as of Janaury 2013. Subject to change.
It’s easy to establish an Israeli Soldiers Gift Annuity with us. By completing this Request Information Form
, we will send you a no cost no obligation illustration of the proposed gift annuity for your review. The illustration will include the proposed fixed lifetime annuity rate, annuity payment, income tax charitable deduction amounts and other details of the annuity. Once you decide to proceed and make your contribution in cash or marketable securities, an updated and signed gift annuity agreement will be delivered to you. You decide how often you would like to receive the annuity payments - monthly, quarterly, semi-annually or once a year, and they can be delivered by check or directly deposited into your bank account. The annuity is administered and paid through a custodial account we maintain for your benefit at a highly regarded financial institution.
Israel Soldiers Charitable Remainder Trust
A charitable remainder trust is a great way to make a significant gift to FIDF while receiving a fixed income for a period of time and avoiding tax on capital gains. If you have highly appreciated securities or real estate, an Israel Soldiers Charitable Remainder Trust enables you to avoid tax on the long term capital gain when the property is contributed and sold in the trust. A lifetime fixed-rate is set out in the trust, often higher than what the property was earning when you owned it. Because the property transferred will be used for charitable purposes in the future, you may also claim a portion of the value of the contributed property as a current income tax charitable deduction. In addition, you have now removed the property from your estate so there will be no estate taxes. At the end of the trust period, the amount that remains in the trust passes to Friends of the IDF.
FIDF will work with you and your professional advisors to establish your Charitable Remainder Trust and can provide instruments and calculations for your review.
Bequests and Life Insurance
After providing for your loved ones, a valued way of providing for Israel’s soldiers is to leave a bequest to FIDF in your will or through your revocable living trust to FIDF. Your bequest may be in a specific dollar amount or may be stated as a percentage of your estate or trust property. Please see our recommended bequest language
to be used in your will when considering a gift to FIDF.
You may also elect to make a gift of a policy of insurance on your life to FIDF to provide for Israel’s soldiers in the future. You may transfer the ownership of the policy to FIDF and obtain a current income tax charitable deduction for the cash surrender value.
FIDF Endowment Funds
You can make a lasting impact on the lives of Israel’s soldiers by establishing an FIDF endowment fund. Such a fund will enable FIDF to care for the soldiers for many years to come. You can establish an endowment fund with FIDF for a specific program or purpose or a perpetual endowment fund, the income from which can be used to fund general charitable activities or support a specific FIDF program.
These funds may be named for you and/or your family and are a significant means whereby individuals can make a lasting impact in partnership with FIDF on the lives of Israel's soldiers.
FIDF can offer suggestions as to how your endowment fund can ensure the continuity of one or more programs that ease the lives of the brave soldiers who are, first and foremost, our children.
For more information on FIDF Planned Giving and for a no-cost, no-obligation illustration of what you can expect for an Israel Soldiers Gift Annuity based on your age and circumstances, please contact Jonathan E. Bernstein at Jonathan.Bernstein@fidf.org
or 212-244-3118 ext. 9648 or by returning this information request form