Los Angeles Jewish Home

Q. How does a charitable gift annuity work?
A. The Los Angeles Jewish Home pays you, or you and another person you select, a fixed amount for life, from a monetary or securities gift you give. What's left of your gift after the lifetimes of the people receiving payments helps support our mission to care for our nearly 1,000 residents.

Q. How are the payment amounts determined?
A. The annual rate of your payment is based on your age at the time of the gift. The older you are, the higher your gift annuity rate. Payment rates are locked in for the duration of the gift annuity.

Q. What are my tax benefits for making this type of donation?
A. You qualify for a sizable charitable income tax deduction in the year you set up the gift annuity. In addition, each year, a portion of your payment is income tax-free, until you reach your anticipated life expectancy. Plus, part of your payments may be taxed at a lower capital gains tax rate.

Get Payments When You Need Them
You can also set up a deferred gift annuity where you delay receiving payments until a later date — such as when you reach retirement. You'll get the income when you need it most, and the payout rate and your tax deduction will be significantly higher than that of an immediate payment gift annuity.

If you have questions about charitable gift annuities, please contact Aaron Levinson at (818) 757-4416 or aaron.levinson@jha.org.

Labels: Aaron Levinson, Annuity, Charitable Gift, Donate, Elderly, Fund Development, Life Income Plan, Non-Profit, Philanthropy, Planned Giving, Planning, Seniors, Staff, Why We Give

Have you ever felt a desire to help ensure that the important work of the Los Angeles Jewish Home continues for years to come? If you've silenced that inner voice because you have concerns about your own family's needs, a planned giving option called a life income gift may be your win-win solution.

Many of our donors choose a life income plan to find more flexibility — and often more tax benefits — than they can receive from simply writing a check.

Your Win-Win Solution
A life income arrangement lets you receive regular payments for yourself or others you choose — for example, your spouse, your aging parents, or a sibling — for a lifetime. After the lifetimes of those receiving payments, the remaining assets support our cause.

Other possible benefits of a life income arrangement include:

• Receiving a money-saving federal income tax deduction in the year you make the gift.
• Increasing your current income.
• Qualifying for generous estate and gift tax benefits.

Labels: Aaron Levinson, Charitable Gift, Donate, Elderly, Fund Development, Life Income Plan, Non-Profit, Philanthropy, Planned Giving, Planning, Seniors, Staff, Why We Give