Providing for the vibrant future of Jewish education is one of the most important actions we can take as concerned, committed Jews. Your legacy gift is forever.
Providing for the vibrant future of Jewish education is one of the most important actions we can take as concerned, committed Jews. Talmudical Academy’s endowment fund, founded in conjunction with the Russel Family Generations Day School Endowment Project, allows donors to make an enduring endowment to benefit Talmudical Academy. Your legacy gift will last forever because endowments are permanent.
There are a number of ways, each with its own tax and philanthropic benefits, that you can plan your legacy through an endowment donation. And, because you are planning for the future, it does not have to cost anything today.
For those that are unable to say Kaddish for a family member, Talmudical Academy will recite the prayers on their behalf in our synagogue for the year of mourning. Relatives will also be notified each year in advance of the yahrzeit and will receive notices of the appropriate yizkor times during the year.
Gifts made through wills, trusts or estate plans both reduce donors’ taxable estates and create lasting legacies. These types of gifts can be used to fund endowment funds, operating and capital expenses, and special projects.
Life insurance gifts are particularly appealing to younger donors. Donors may name Talmudical Academy as the owner and beneficiary of a life insurance policy. Premiums on such policies are tax deductible.
By naming Talmudical Academy as the beneficiary of an annuity or remainder trust, donors help to assure TA’s long-term financial security while securing for themselves annual income for life, eligibility for immediate income tax deductions, and possible reductions in exposure to capital gains taxes.