Create Your Jewish Legacy
The Shalom Austin Jewish Foundation helps sustain a vibrant and secure Jewish community, now and for future generations. Guided by Jewish values and the individual interests of donors and organizations, the Foundation provides an opportunity to make a lasting impact through philanthropy in the name of the Jewish community, at home in Austin and around the world.
My family and I created two funds through the Jewish Foundation. During the last ten years, I’ve watched my daughter, her husband and my grandchildren become huge beneficiaries of and participants in this very special community. So, it was just natural for me to want to help sustain the momentum that has been built here over the years and help create and grow a Jewish legacy for those who will follow.
Marvin Brittman, Jewish Foundation Fundholder and Committee Member
Gifts to the Jewish Foundation can be made outright during your lifetime or through a planned giving vehicle. Find out what types of assets make the best planned gifts to create your Jewish legacy.
Bequests provide permanent resources for the Jewish community, perpetuating your beliefs for generations to come.
- Can be established in your will or through a trust
- May be made in any amount- no matter how large or small
- May provide your estate with a tax deduction
- Make a significant, lasting gift without affecting your finances during your lifetime
It is one of the easiest gifts to make as a part of your estate plan. The amount can be specified in dollars or percentage of your estate.
Please email email@example.com for more specifics regarding bequest language.
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to the Jewish Foundation.
- Avoid paying capital gains tax on the sale of appreciated stock held for over one year
- Receive a charitable income tax deduction
- Gifts can be timed to match fluctuations in the market
- Support the causes you care most about today
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an easy and tax-effective way to make a legacy gift. Your heirs may receive only a fraction of the plan’s value, as inherited retirement plan assets are subject to both estate and income taxes.
- Heirs avoid paying estate and income taxes on the assets left in your retirement account
- Easy to create and modify using the beneficiary designation form
- Through the IRA Charitable Rollover, a direct distribution to your legacy commitment at the Jewish Foundation does not trigger income tax for you if you are 70 ½ or older.
Life insurance is an excellent way to create your Jewish legacy. You can donate a paid-up whole life insurance policy you no longer need or purchase a new policy or additional policy and name the Jewish Foundation as owner and beneficiary. Purchasing an additional or new policy can enable you to substantially increase the potential amount of your donation while enjoying attractive tax advantages.
- Premiums paid on policy owned by the Jewish Foundation are tax-deductible
- Easy to arrange and administer
If you have a life insurance policy that has outlasted its original purpose (ie: you purchased a policy to provide for minor children that are now financially independent adults), consider funding your legacy with this gift. For new policy purchases, the reasonable cost and tax benefits make this choice particularly appealing for younger donors. Contact us at firstname.lastname@example.org for sample life insurance quotes.
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to the Jewish Foundation.
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy
Your real property may be given to the Jewish Foundation, via Austin Community Foundation, by executing or signing a deed transferring ownership. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
A donation of cash is a simple and easy way for you to make a gift.
- You can make an immediate impact
- You can take a charitable income tax deduction
OTHER WAYS TO GIVE
There are additional ways to make a planned giving, including charitable remainder trusts and charitable lead trusts. Additionally, planned gifts can be a combination of gift options to best met your financial goals.
To establish a fund or for more information about planned giving, please contact us at email@example.com.
Donor Advised Funds
A Jewish Foundation Donor Advised Fund makes it easy to manage your philanthropy with as little as $5,000 to start. It allows you to make charitable contributions and realized significant tax advantages, when the time is right for you. Once established, you, your family or anyone you designate may recommend that distributions be made from the fund to Shalom Austin and almost any other qualified charitable recipient, Jewish or non-Jewish, local or otherwise, at any time.
- Income tax charitable deduction for any year in which contributions are made to the fund
- Savings on capital gains taxes by funding the Donor Advised Fund with appreciated assets
- Convenience of having all of your giving consolidated into one account that’s accessible through a secure online portal
- Your giving is in the name of the Jewish community
- Opportunity to involve your entire family
Questions? Interested in learning more? Please contact us at firstname.lastname@example.org.
The Shalom Austin Jewish Foundation provides a variety products and services to fit your philanthropic goals.
Shalom Austin Annual Campaign Endowment
A Shalom Austin Annual Campaign Endowment demonstrates your belief in the continuity of Jewish life for generations to come. Your philanthropic investment and leadership in Austin will continue to care for Jews in need, ensure a vibrant Jewish future in Central Texas, and strengthen Israel and our global Jewish community in perpetuity.
This fund is established at our Jewish Foundation in your name to support the breadth of programs, services, and community funding provided by Shalom Austin.
A designated fund is a charitable vehicle that allows individuals, families, organizations, or small groups to raise funds in support of a specified non-profit organization. All distributions from a Designated Fund are made to specified organization(s) identified at the time the account is established.
Designated funds are great when you know exactly which nonprofit(s) you would like to support, and do not wish to be actively involved in grantmaking. Additionally, designated funds are a successful way for you and/or your family to leave a legacy gift supporting specific organizations you care about. Once you establish a designated fund, grants are made regularly to the nonprofits you’ve specified. The funding provides the nonprofit with a sustainable and dependable source of support. Funding is dependent on the type of fund, amount in the fund and a schedule you create when the fund is established.
Shalom Austin Annual Campaign Endowments are a type of designated fund.
Field of Interest Funds
Field of interest funds allow a donor or group of donors to establish a fund that addresses issues of specific interest to them. To establish this type of fund, donor(s) set the grantmaking parameters and then either establish an advisory committee or allow the Shalom Austin Grants Committee to make grant decisions.
The Jay Rubin Israel Experience Fund, which provides funding for trips to Israel and community-wide programs that promote understanding of Israel through travel and other experiences, is an example of a Field of Interest Fund.
By choosing to establish a nonprofit fund at the Shalom Austin Jewish Foundation, you are helping to create a meaningful and long lasting impact in our Jewish community, while gaining access to world-class investments services by our fiscal partner, Austin Community Foundation (ACF). ACF currently manages funds for over seventy nonprofits across Central Texas. There are two types of agency funds; either one that is permanently endowed or one that is quasi-endowed.
The Congregation Beth Israel Permanent Endowment Fund is an example of an Agency Fund.
DONOR ADVISED FUNDS
A Jewish Foundation Donor Advised Fund is a kind of “charitable bank account” you can establish with as little as $5,000. It allows you to make charitable contributions and realized significant tax advantages, when the time is right for you. Once established, you, your family or anyone you designate may recommend that distributions be made from the fund to Shalom Austin and almost any other qualified charitable recipient, Jewish or non-Jewish, local or otherwise, at any time.
To learn more about establishing an endowment fund, including fund minimums, gift options, and associated fees, please contact us at email@example.com. The Shalom Austin Development Department is happy to work with you to fulfill your Jewish legacy!
Shalom Austin Jewish Foundation takes its stewardship responsibility very seriously with their strong investment committee and retention of professional investment advisors. Our assets are appropriately allocated, monitored and regularly reviewed. Being part of Shalom Austin furter unites us in community and passion for our shared causes.
Jennifer Failla Hoffman, Former Congregation Beth Israel Trustee
JEWISH FOUNDATION LEADERSHIP
Jewish Foundation Committee
Adam Sadovsky, CBI Representative
Joe Steinberg, CAA Representative
Donor Relations & Marketing
Jennifer Failla Hoffman, Women’s Philanthropy Legacy Giving Chair
Steve Meyers, Shalom Austin Treasurer
Rick Rosenberg, Shalom Austin Board Chair
Rabbi Daniel A. Septimus, Chief Executive Officer
Amy Hyman, Senior Development Director
Nicole Gilger, Chief Financial Officer
Shana Creeger, Annual Campaign & Corporate Partnership Director
Arielle Levy, Women’s Philanthropy & Missions Director
Carly Karten, Development Coordinator
Mali Estrada, Staff Accountant
Congregation Beth Israel
As of 7/16/2021