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Planned Giving

Planned Giving

Leaving your legacy on Los Angeles.

For 50 years, low-income Angelenos have relied on Bet Tzedek when they need help. With your support, we will be here for generations to come improving the economic, financial, and housing outcomes (and so much more) for individuals and families throughout Southern California, and across the state.

Please join this legacy by designating Bet Tzedek as a beneficiary of your estate plan. By leaving a gift to Bet Tzedek, you can ensure that your passion for justice and equality and a desire to make a meaningful difference in the lives of the most at-risk members in our client communities lives on beyond your lifetime.

Planned giving options are often easy to arrange and offer financial and tax benefits for you and your family while making an impact on the lives of our client communities.

Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your values endure. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified.

Our federal tax ID number is: 23-7304205

Below is suggested language to use when drafting your bequest:

 

For an unrestricted gift that allows us to use the funds based on the most pressing needs, use the following language for your will and/or trust:

“I give to Bet Tzedek, a nonprofit corporation currently located at 3250 Wilshire Blvd. #1300, Los Angeles, CA 90010, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.”

To designate your gift for a particular purpose:

“I give to Bet Tzedek, a nonprofit corporation currently located at 3250 Wilshire Blvd. #1300, Los Angeles, CA 90010, or its successor thereto, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as Bet Tzedek determines that the need exists. If Bet Tzedek shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then Bet Tzedek may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”

Planned giving options are often easy to arrange and offer financial and tax benefits for you and your family while making an impact on the lives of our communities.

For more information, please contact Amy Peckner, Senior Development Officer at apeckner@bettzedek.org or (323) 549-5860 

Talk to your wealth advisor or tax & estate planning advisor who can help you explore the full range of charitable vehicles and provide you specific advice that best serves your charitable and financial goals.

If you have named Bet Tzedek in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us also allows us to welcome you into our Bet Tzedek Legacy Society! As a member of this inspirational group, you will be invited to exclusive events and receive special communications throughout the year. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.

How You Can Support Bet Tzedek

A Gift in Your Will and Living Trust

Consider leaving a gift in your will or trust to Bet Tzedek. You can take care of family and friends first, and donate a specific dollar amount or a percentage of your estate to Bet Tzedek. Simply provide your attorney with our official name and tax identification number. For specific language you can click on this link:

Beneficiary Designations

Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using IRAs and retirement plans, life insurance policies and commercial annuities.

Donate Retirement Assets

Because retirement plans are taxed differently than other funds, they can be the least favorable way to leave a gift to loved ones. Leaving retirement assets to Bet Tzedek is easy and you don’t need a will. Simply contact your retirement plan administrator, insurance company, bank, or financial institution for a change-of-beneficiary form. Update your beneficiary designation form with your plan administrator by deciding what percentage (1 to 100) you would like Bet Tzedek to receive and name us, along with the percentage you choose on the form.

Donate a Life Insurance Policy You No Longer Need

You can update the beneficiaries of your insurance policy at any time by simply requesting a new form from your insurer. You can name Bet Tzedek to receive the whole amount or a percentage.

IRA Charitable Rollover (Qualified Charitable Distribution) 

There is a special opportunity for those 70½ years old and older – You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Bet Tzedek without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference in the lives of Angelenos. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution. You don’t pay income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. And since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

But no matter your age, you can designate Bet Tzedek as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime.

Donor Advised Funds
A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Bet Tzedek and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts. You can name Bet Tzedek as a beneficiary of whatever is leftover in your donor advised fund after your lifetime. As with retirement accounts and life insurance, it’s as easy as updating your beneficiary form.

Securities

Gifts to Bet Tzedek using appreciated securities or mutual funds held for over a year are popular assets to use when making a gift to Bet Tzedek. By donating these assets, you can potentially eliminate or reduce federal capital gains taxes on the transfer. Additionally, you may qualify for a federal income tax charitable deduction based on the fair market value of the securities at the time of the donation.

Securities are usually used to support our work in the form of an outright gift. When you donate securities to Bet Tzedek, you would receive the same income tax savings if you write a check, plus an added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.

By placing a transfer on death (TOD) designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.

Real Estate & Tangible Property

Want to make a gift to Bet Tzedek without touching your bank account? Consider giving us real estate, such as a personal residence, vacation home, farm, commercial property, or undeveloped land. This generous gift supports our ongoing work and offers you benefits.

Another benefit of donating real estate is you don’t have to hassle with selling it. You can deed the property directly to Bet Tzedek or ask your attorney to add a few sentences in your will or trust agreement. When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to Bet Tzedek, you also eliminate capital gains tax on its appreciation.

Endowments

Your donation can last forever when you make a donation to our endowment, which are invested, extending your legacy over generations of families in Los Angeles. This creates an immediate and long-term impact: a portion of the annual income from the investment is used to address the most urgent and immediate needs at Bet Tzedek while the remaining funds are reinvested to ensure support far into the future.

Charitable Remainder Trust (CRT)

Generous individuals often grapple with balancing making donations while ensuring personal and family needs are met. Donations that generate income are one solution, simultaneously benefiting the donor and supporting a cause dear to them. The charitable remainder trust (CRT), alongside charitable gift annuities, offers flexibility, allowing donors to tailor income, transform illiquid assets, and achieve various financial and estate planning objectives.

A charitable remainder trust will pay you  as well as other possible designated beneficiaries — an annual distribution, often in quarterly installments. The annual distribution from a CRT can be a percentage of the annual value of the trust’s principal (unitrust) or a percentage of the initial funding amount of the trust (annuity trust). The payment can be for life or for a term of years (e.g., 10 years). Once you pass — or the terms of the trust expire — the remaining money in the trust will come to Bet Tzedek.

When you fund a CRT, you will receive a charitable income tax deduction for a portion of the funding amount, typically 30% to 40% of the amount you transfer.

Hear about the individuals and families that your gift would be helping, and the Bet Tzedek supporters who have already included us in their estate plans.

  • Molly’s Story – “A Grateful Client Gives So Other Families Can Benefit Too
  • Breanna’s Story – “A Client’s Race Toward Victory” 
  • Bob’s Story – “From Gala Guest to Legacy Donor: A Journey of Impact”