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Legacy Giving

Jewish tradition teaches that it is our responsibility today to make the world a better place for future generations.

There are many ways that you might choose to perpetuate Judaism and support the Congregation that has been so pivotal in your life, or your family’s life. We are happy to discuss your interests at any time.

Please consult your financial advisor, attorney, or tax accountant about which of these options is right for you, as well as additional options specific to you. Please click here for a summary of the items to consider in preparation for this discussion. 

Individual retirement account (IRA) or life insurance

  • You can name Congregation Shalom as a partial beneficiary in your employer’s or personal IRA or life insurance.
  • Benefit: after age 70 ½, the IRS requires you to draw from your IRA. Instead of taking this as taxable income, you can transfer this required amount directly to charity with little to no tax implications.

Your will, trust, or estate documents 

  • Listing Congregation Shalom as a beneficiary or a recipient in whole, partial (percentage or amount), or as a residual after giving to your heirs is a generous way to show support and meets your wishes.
  • Benefit: as you reflect on everything you have done over your lifetime, having a plan for what to do with your assets is a way to have some control over what happens to all that you have built.
    • Sample Bequest Language: I hereby give, devise, and bequeath to Congregation Shalom,  a 501(c)(3) organization located at 7630 N. Santa Monica Blvd, Fox Point, WI 53217, Federal Tax ID 39-0991742,  for its general use and purpose [dollar amount] or [percent amount of my estate] or [all the rest, residue, and remainder of my estate]. 

Transfer a gift of stock to Shalom

  • With a gift of stock (instead of a gift of cash), there are benefits to you and benefits to Shalom which means that your gift value is increased with a gift of stock.
  • Two benefits: 1) Gifts of stock can remove the capital gains tax you face when selling the stock, and 2) gifts of stock are tax deductible at the current fair market value. Because the Shalom does not need to pay the capital gains tax, it can sell the stock you donated for its current fair market value and keep 100% of the proceeds.

To inform Shalom of your wishes or to discuss making a generous legacy commitment, please contact Linda Holifield, Executive Director, or 414-352-9288 x115.

Tue, April 23 2024 15 Nisan 5784