Endowment and Planned Giving
An endowment is truly a gift that keeps giving and is a wonderful way to establish a legacy that will support the school for generations to come. An endowment may be created by outright gifts over a number of years or created through bequests.
Planned Giving is a magnificent act of tzedaka that can memorialize the donor’s name or the names of other loved ones in perpetuity. Planned gifts include:
Some of these options offer tremendous financial and tax advantages to the donor. Ask your accountant or attorney how you can maximize your tax benefits while ensuring the future for Chicago Jewish Day School. Please call our Head of School, Judy Finkelstein-Taff, at 773-271-2700 to discuss this further.
An endowment is truly a gift that keeps giving and is a wonderful way to establish a legacy that will support the school for generations to come. An endowment may be created by outright gifts over a number of years or created through bequests.
Planned Giving is a magnificent act of tzedaka that can memorialize the donor’s name or the names of other loved ones in perpetuity. Planned gifts include:
- Bequests — Designate Chicago Jewish Day School as a beneficiary in your estate.
- Annuity Trusts — Receive a fixed amount of income during your lifetime. CJDS is the recipient of the remainder at the end of the trust.
- Life Insurance Policies — Take out a policy for CJDS or donate policies whose protection you no longer need.
- Charitable Residues — Leave the remaining assets in your will to CJDS.
- Charitable Lead Trust — Lend part of your estate to a trust now and direct the income into a fund you set up at the school for a specified time period.
Some of these options offer tremendous financial and tax advantages to the donor. Ask your accountant or attorney how you can maximize your tax benefits while ensuring the future for Chicago Jewish Day School. Please call our Head of School, Judy Finkelstein-Taff, at 773-271-2700 to discuss this further.
