WHAT IS PLANNED GIVING?
Planned Giving encompasses a variety of giving opportunities. At Congregation Kol Ami we often receive bequests, the simplest form of Planned Giving. Other forms of Planned Giving include charitable trusts, gifts of life insurance, retirement benefits (IRA’s, etc.) and non-cash gifts such as real estate or securities.
Please consult with your estate and tax specialists or attorneys to determine what form is most appropriate for your situation and family.
WHAT DOES PLANNED GIVING HAVE TO DO WITH ESTATE PLANNING?
Regardless of income level or age, estate planning is an important step for every family to consider for many reasons.
It is also an opportunity to review one’s legacy: Planned Giving perpetuates what you believe in, the organizations you value, the ideals you have lived by, your wishes for the future.
It provides Tzedakah; peace of mind and personal satisfaction that comes from knowing the legacy you have worked to create will reflect your values, and be distributed according to your wishes.
HOW IS PLANNED GIVING DIFFERENT FROM THE ANNUAL FUND AND CAPITAL CAMPAIGN GIVING?
The Annual Fund (aka The Kol Nidre Appeal) supports the annual operating budget; the Capital Campaign supports specific projects, such as the recent renovation of the Sanctuary.
Planned Giving allows for the establishment of an Endowment Fund, to ensure the future financial stability and security of Congregation Kol Ami and the vibrant Jewish life it represents. A gift made through your estate helps Congregation Kol Ami reach this goal.
WHY SHOULD I INCLUDE CONGREGATION KOL AMI AS A BENEFICIARY OF MY ESTATE?
Many of you have had a connection with Congregation Kol Ami for decades, and in some cases for two or more generations.
When considering Planned Giving, by naming The Kol Ami Legacy Fund of Congregation Kol Ami as a beneficiary of your estate, you are expressing your wish to:
Have Congregation Kol Ami continue providing Jewish spiritual, educational, cultural and social fulfillment for generations to come;
Create a legacy during your lifetime that embodies your commitment to Judaism and your ideals for Jewish community and life in the future;
(There may also be tax benefits, which should be discussed with your estate attorney or tax specialists.)
HOW DO I MAKE A BEQUEST?
A few simple sentences in your will and/or trust agreement are all that is needed. We offer several examples of sample wording.