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Leading for the Future

Leading for the Future
Fred and Abby spent many years volunteering and supporting the Jewish Federation in their community. They wanted to give back in a way that would help fulfill its mission. At the same time, they were looking for a way to care for their family in the future.

Fred: We heard that with new lower rates, now is the best time in years to set up a charitable lead trust. We could fund the trust with cash or stock and this trust would pay income to Federation for a number of years with the rest of the trust value going to our children in the future.

Abby: We liked the fact that our children would be well cared for and that we could see the result now of our gifts to Federation.

Fred and Abby were also pleased to learn that taxes on the gift to their children would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income was paid to the Jewish Federation, the remaining trust value would go to their family with very little tax owed.

Fred: Abby and I found that by using a charitable lead trust we could accomplish our goals of helping both family and our favorite charity during our lifetimes.

*Please note: The name and image above are representative of typical donors and may or may not be actual donors to The Jewish Federations of North America, a Jewish Federation or a Jewish Community Foundation.

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Any tax consequences described on this page are based on U.S. federal tax law. Charitable deductions from state and local taxes or from Canadian and provincial taxes may not be available to the same extent as from U.S. federal taxes. The Jewish Federations of North America (JFNA) does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel. You may read JFNA's charitable solicitation disclosure statement here and important information about endowment gifts and bequests to JFNA here.