There are several ways you can support Hebrew Seminary's mission: to train rabbis that will serve all Jewish communities as scholars, educators, spiritual guides and leaders.
For more information about the giving opportunities below, please call our Executive Director at 847/679-4113 or email email@example.com.
An outright gift of appreciated marketable securities is one of the most attractive methods of giving. Provided you have owned the securities for more than one year, a gift of listed stocks, bonds, or other publicly traded securities entitles you to a charitable income tax deduction equal to the full fair market value of the securities, which is calculated by obtaining the average of high and low selling prices on the date of the gift. In addition, you do not incur capital gains tax on the transfer of such securities to HEBREW SEMINARY.
There are many companies that have matching gift programs. The company matches or multiplies donations made by current, and in some cases, retired employees. Many companies also match directors' gifts. You should be aware that such a program may be an opportunity for you to increase your contribution to HEBREW SEMINARY.
Gifts of Real Estate
An outright gift of unencumbered real estate may enable you to make a significant gift to HEBREW SEMINARY without incurring capital gains tax on the transfer of a highly appreciated asset. You may give the entire interest or a fractional interest in the property. As long as you have owned the property for more than one year, you will be entitled to a charitable income tax deduction equal to the fair market value on the date of the transfer. The gift of real estate will need to be appraised by an independent appraiser to determine the value of the deduction.
You also may give HEBREW SEMINARY a remainder interest in your property and retain life use. At your death, the property automatically passes to HEBREW SEMINARY. This type of gift generates a current charitable income tax deduction equal to the fair market value of the property less the present value of the retained life estate.
Real estate may also be appropriate for funding charitable remainder unitrusts or making a bequest (See below).
If you own a life insurance policy and no longer require its protection, you may wish to transfer ownership of the policy to the SEMINARY. Or you can purchase a new policy and transfer ownership to HEBREW SEMINARY. Either gift will generate a charitable income tax deduction roughly equal to the cash surrender value of the policy on the date of the gift. You may take additional charitable income tax deductions for the amount of any premium payments you make on the SEMINARY'S behalf.
HEBREW SEMINARY will credit you with a gift equal to the cash surrender value in the life insurance policy. If the policy is fully paid and you are a certain age, the SEMINARY will credit you with a gift based on the face value of the policy if that is greater than the cash surrender value.
Planned gifts include bequests, trusts, gifts of life insurance, and annuities. In many cases, planned gifts have the following advantages:
They may provide income for life for you and/or another beneficiary, such as a spouse or another family member.
They may provide current federal income tax deductions for a portion of the gift which passes to HEBREW SEMINARY.
Trusts may provide increased income because gifted property can be sold without capital gains and reinvested in higher income-producing property.
They may provide professional investment management and supervision without a fee to the donor.