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Which Donation is Right For Me?

YOU CAN CREATE A LEGACY OF JEWISH GROWTH FOR STUDENTS. 

Your lasting legacy can assure Jewish experience for Jewish students. Make “Bais Menachem Chabad Inc” a beneficiary of your will and other assets to continue your commitment to the growth of Jewish community.  Your commitment supports the work of Chabad at the University of Tampa in Tampa, Florida. “Bais Menachem Chabad Inc.” is recognized by the IRS as an IRC Sec. 501(c)(3) organization.

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Testamentary Bequests

YOUR GOAL: Defer a gift until after your lifetime. (Most popular estate plan)

HOW TO MAKE THE GIFT: Name Bais Menachem Chabad Inc in your will or living trust. (Designate a specific amount, percentage or share of the residue.)

YOUR BENEFITS:

  • Control of your assets for your lifetime
  • Donation exempt from federal estate tax
Learn More
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Life Insurance

YOUR GOAL: Make a gift with minimal cost to yourself

HOW TO MAKE THE GIFT: Change ownership on a paid-up life insurance policy you no longer need.

YOUR BENEFITS:

  • Current income tax deduction as allowable by law
  • Possible future deductions through future premium payments
Learn More
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Retirement Plans

YOUR GOAL: Eliminate the twofold taxation on IRA’s or other employee benefit plans.

HOW TO MAKE THE GIFT: Name “Bais Menachem Chabad, Inc” as the beneficiary of the remainder of the assets after your lifetime.

YOUR BENEFITS: Allows you to make the gift from the most highly taxed assets, leaving more assets for Bais Menachem Chabad rather that being wasted by taxes.

Learn More
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Charitable Gift Annuity

YOUR GOAL: Supplement your income with steady payments that are partially income tax-free.

HOW TO MAKE THE GIFT: Establish a charitable gift annuity contract for the ultimate benefit of Bais Menachem Chabad that pays a set amount for life.

YOUR BENEFITS:

  • Current and future savings on income taxes
  • Fixed payments for life for one or more individuals
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Charitable Remainder Trust

YOUR GOAL: Secure a fixed and often increased income, or create a hedge against inflation.

HOW TO MAKE THE GIFT: Create a trust that pays income annually, while the principal is retained for “Bais Menachem Chabad Inc”.

YOUR BENEFITS: *

  • Variable or fixed income for life
  • Immediate income tax charitable deduction

Bequest Creating a Jewish Future

Focused on every step of the Jewish lifecycle, Bais Menachem Chabad will utilize your bequest to lead the Jewish future. Leaving a bequest is a great way to safeguard our Jewish community. Your charitable bequest ensures that your support of Bais Menachem Chabad will continue in eternity.

  • How a Bequest works

    • Designate a portion (either a percentage or a specific amount) of your estate to Bais Menachem Chabad for a Jewish legacy.
    • A bequest does not cost you anything during your lifetime.
    • After your passing, the trustee will transfer the money or real estate to our institution.
    • Bequests are revocable and can be changed or modified during your lifetime.
    • Bequests can relieve the tax burden of your family.
Types of Bequests
  • Residuary Bequest

    Bais Menachem Chabad is given a percentage of the estate.
  • Outright Bequest

    Bais Menachem Chabad is given a specific dollar amount or a specific asset, such as securities or real estate.

Allow us to work with you, your family, and, if desired, your financial advisor, to develop the most personalized strategy for your goals. For more information contact us.

Endowment

Concern for community is an enduring value at Bais Menachem Chabad. Chabad at University of Tampa is an integral part of this community. Serving Jewish students by connecting them to their roots and traditions, Chabad of UT also serves the greater Tampa Jewish Community with outreach to the elderly, the needy, and the young. A strong endowment with UT Chabad as the beneficiary generates annual interest income to support UT Chabad and its programs. National studies have confirmed the efficacy of Chabad in fostering committed Jewish youth who also become valuable members of the community at large. An unrestricted gift to the Chabad Endowment fund allows this invaluable work to continue.

Life Insurance

We are grateful to those who choose to work with Bais Menachem Chabad, ensuring Jewish continuity. The multiplier effect of life insurance is an outstanding strategy to help the Jewish community far beyond your personal finances.

A charitable gift of life insurance is a pioneering way to deliver a legacy gift to Bais Menachem Chabad. There are several ways to donate life insurance.

  • How Life Insurance Works:

    • You may contribute a new or existing policy by transferring the policy to Bais Menachem Chabad.
    • You name Bais Menachem Chabad as the owner and beneficiary of the policy.
    • There are substantial benefits to both you and our center.
    • The premium payments will provide you with an income tax deduction.
    • The endowed gift to our center will be substantially larger than the amount used to fund the insurance policy.
    • The insurance policy proceeds pass directly to Bais Menachem Chabad outside of your estate and are not subject to probate or estate taxation.
    • Gifts of life insurance are extremely affordable for younger donors, allowing them the opportunity to make sizable gifts.
    • This is a wonderful opportunity for young leaders to make a defining statement about the Jewish future.

Always speak with a professional before making any decisions. For more information please contact us.

Retirement Plans

You may wish to designate Bais Menachem Chabad as a beneficiary of your retirement plan. IRAs, 401ks, Keogh Plans and others are subject to both estate and income taxes. Consider designating Bais Menachem Chabad as a beneficiary. This outstanding gesture gives the Jewish community a substantial donation at a minimum cost to your family.

  • How to Designate Bais Menachem Chabad as a Retirement Plan:

    • Request a beneficiary change form from your retirement plan administrator and designate  Bais Menachem Chabad as the beneficiary.
    • Designate Bais Menachem Chabad as the beneficiary of your retirement plan.
    • This gift avoids both income and federal taxes.
    • This type of gift is easy and can be done at no cost.
    • You can continue to take withdrawals during your lifetime.
    • You can always change your beneficiary if circumstances change.
    • Avoid the low payout of some IRAs, which sometimes pay your children 30 cents on the dollar, with a generous donation to Bais Menachem Chabad.
    • Chabad will receive 100 percent of your gift to encourage Jewish continuity.

Allow us to work with you, your family, and if desired, your financial advisor to develop the most personalized strategy for your goals. For more information, contact us.

Real Estate

A Legacy gift of Real Estate to Bais Menachem Chabad is a magnificent gesture to ensure Jewish continuity for years to come. You can leave a commercial or residential property, or an apartment building. Leaving a piece of real estate has many benefits.

  • How leaving Real Estate works:

    • Leaving a piece of real estate to Bais Menachem Chabad can reduce your overall tax obligation and help secure the future of our center.
    • Real estate is an important way to help Bais Menachem Chabad continue their role as the largest Jewish social service agency in the world.

We are always available to discuss your options at your convenience. Please contact us for more information.

Charitable Trusts

There are various ways to set up a trust. Each one will serve a different purpose.

  • Charitable Remainder Trust

    A charitable remainder trust is a highly recommended estate planning tool that allows you to donate your assets to Bais Menachem Chabad while providing an income stream to you and your family. A charitable remainder trust has significant tax advantages for your children and beneficiaries during your lifetime.

    Here’s how a Charitable Remainder Trust can work for you:

    • Appreciated real estate or securities are often an excellent asset to place in a charitable remainder trust.
    • You establish a remainder trust that provides income payments to you or your family.
    • A charitable remainder trust will, in most cases, reduce your estate taxes.
    • After your passing, the assets are given to Bais Menachem Chabad.
    • This is a significant and important way to leave a meaningful Jewish legacy.
  • Charitable Lead Trust

    A charitable lead trust can be an effective estate planning tool to transfer the assets to your heirs with significant tax advantages, while making a meaningful gift to Bais Menachem Chabad Planned Giving Office.

    How Charitable Trusts can work for you:

    • You can establish a lead trust that will make income payments to Bais Menachem Chabad for a predetermined number of years.
    • After the trust term ends, the assets are distributed to you or your family.
    • This is an outstanding way to give charity today, eventually leaving the asset to your heirs.
    • Appreciated real estate is often an excellent asset to place in a charitable trust.
  • Retained Life Estate

    A retained life estate is a strategy that allows you to donate a home to Bais Menachem Chabad while retaining the right to live in it for the rest of your life.

    • You deed your home to Bais Menachem Chabad but retain the right to live there for the rest of your life.
    • You continue to live on your property for as long as you want and are responsible for the expenses: maintenance fees, insurance, property taxes, repairs, etc.
    • When you pass, the property is transferred to Bais Menachem Chabad.
    • You are able to receive a substantial tax deduction.
    • You benefit by knowing your property or vacation home will ensure a Jewish legacy.

If you are considering a charitable lead trust or a retained life estate, or for any information on planned giving, please contact us.

Charitable Gifts Annuity

The Charitable Gift Annuity is an agreement between you and Bais Menachem Chabad to pay you or your designated beneficiary, a fixed annuity for life. A CGA can be funded with cash, stock, and in most cases real estate. The payments vary according to the age of the individual. You can enjoy significant tax benefits while providing a legacy gift to Bais Menachem Chabad.  

Below are the current rates from the American Gift Annuity Council for a single life term.

Age Rate
65 4.7
70 5.1
75 5.8
80 6.8
85 7.8
90+ 9.0
  • How can a Charitable Gift Annuity work for you?

    • A charitable gift annuity to Bais Menachem Chabad will pay a fixed payment for life.
    • Receive a guaranteed income stream for life far above market rates.
    • A CGA is the easiest gift that will benefit both you and Bais Menachem Chabad.
    • The remainder of your gift will go towards our institution after the donors passing.
    • You can donate appreciated stock to fund the annuity.
    • A portion of the income stream is Tax Free.
    • A Gift Annuity is Irrevocable.
    • A Charitable Gift Annuity is a wonderful vehicle to leave a legacy to the Jewish people.

Allow us to work with you, your family, and, if desired, your financial advisor, to develop the most personalized strategy for your goals. For more information contact us.

Testamentary Bequests

You can create your own lasting legacy to support future Jewish students by naming “Bais Menachem Chabad Inc.” as a beneficiary in your Last Will & Testament.

YOUR GOAL: Defer a gift until after your lifetime. (Most popular estate plan)

HOW TO MAKE THE GIFT: Name Bais Menachem Chabad Inc in your will or living trust. (Designate a specific amount, percentage or share of the residue.)

YOUR BENEFITS:

  • Control of your assets for your lifetime
  • Donation exempt from federal estate tax

Retirement Plans

YOUR GOAL: Eliminate the twofold taxation on IRA’s or other employee benefit plans.

HOW TO MAKE THE GIFT: Name “Bais Menachem Chabad, Inc” as the beneficiary of the remainder of the assets after your lifetime.

YOUR BENEFITS: * Allows you to make the gift from the most highly taxed assets, leaving more assets for Bais Menachem Chabad rather that being wasted by taxes.

CHARITABLE GIFT ANNUITY

YOUR GOAL: Supplement your income with steady payments that are partially income tax-free.

HOW TO MAKE THE GIFT: Establish a charitable gift annuity contract for the ultimate benefit of Bais Menachem Chabad that pays a set amount for life.

YOUR BENEFITS:

  • Current and future savings on income taxes
  • Fixed payments for life for one or more individuals

Contact Us

Chabad UT

Email: bmchabad@gmail.com

Phone: 813-504-4432

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