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 an Information Request 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 Unitrust
A charitable Remainder Unitrust is a great way to make a significant gift to FIDF while receiving back a fixed rate of 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 Unirust 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 Unitrust and can provide illustrations 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. 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 to FIDF of a life insurance policy to provide for Israel’s soldiers in the future. You may transfer ownership of the policy to FIDF or purchase a new policy for FIDF and receive valuable tax benefits.
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 to fund FIDF's general charitable activities.
These funds may be named for you and/or your family and are an excellent way to create a family legacy while making a lasting impact 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 from an Israel Soldiers Gift Annuity or Charitable Remainder Unitrust based on your age and circumstances, please contact Jonathan E. Bernstein at Jonathan.Bernstein@fidf.org
or 888-421-6285 or by returning the Information Request Form
.Information contained herein is not intended to represent legal or tax adviceor to substitute for such advice. Individuals are urged to consult with their professional advisors when considering charitable planned giving transactions.