Creating a legacy

YOUR MOMENT. YOUR LEGACY. YOUR CHABAD.

This is your moment to hold hands across the generations. This is your moment to ensure a Jewish future that is spiritual and meaningful. This is your moment to leave a Jewish legacy.

Chabad has been at the forefront of rebuilding the Jewish community after the Holocaust. From headquarters in Brooklyn, New York, the Rebbe, Rabbi Menachem Mendel Schneerson, inspired a generation of young couples to go out and spread Yiddeshkeit. With endless love, devotion, and energy, his emissaries are rebuilding Judaism throughout the world. From Casablanca to Rio de Janeiro, Chabad has brought a positive, uplifting message to the Jewish people. Chabad is a beacon of light throughout the world.

Today, Chabad is found at every major university across the world, providing a safe and welcoming environment for college students away from home. The Jewish Learning Institute, the world’s largest adult educational program, has revolutionized adult Jewish learning. CTeen brings together high school students from around the world to enrich and inspire their Jewish identity.

Now it is your turn to lead us Forward.

Planned Giving builds Judaism where it is needed most, in your local community. From preschool to day school, visiting the sick or comforting the poor, this is your moment to make a difference. Join with us through the loving act of planned giving by leading your community to a strong and vibrant future. This is your Moment.

Would you like to create a lasting, personal legacy you’ll be proud of forever? Make a charitable bequest in your will to Chabad of Topanga.

Your gift will ensure a vibrant Jewish tomorrow for the Topanga Community for generations to come.

It's Easier Than You Think.

BEQUEST- CREATING A JEWISH FUTURE

Focused on every step of the Jewish lifecycle, the Chabad Planned Giving Office 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 Chabad will continue in eternity.

How a Bequest Works

• Designate a portion of your estate to Chabad for a Jewish legacy.

• Leave either a percentage or a specific amount to Chabad.

• 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.

• This is the most popular way for individuals to leave a Jewish legacy.

• Please inform Chabad of your intention to leave a bequest, so we can properly recognize you as a member of the Jewish Legacy Society.

Residuary Bequest - Chabad is given a percentage of the estate.

Outright Bequest - 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.

CHARITABLE GIFT ANNUITY

The Charitable Gift Annuity is an agreement between you and the Chabad Planned Giving Office 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 Chabad.  

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

How can a Charitable Gift Annuity work for you?

• A charitable gift annuity to 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 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.

LIFE INSURANCE

We are grateful to those who choose to work with the Chabad Planned Giving Office, 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 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 Chabad.

• You name 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 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 our office.

REAL ESTATE

A Legacy gift of Real Estate to the Chabad Planned Giving Office 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 Chabad can reduce your overall tax obligation and help secure the future of our center.

• Real estate is an important way to help Chabad continue their role as the largest Jewish social service agency in the world.

• If you want to donate your residence and still stay in the home until your passing, please consider a retained life estate.

We are always available 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 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 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 the Chabad Planned Giving Office.

How Charitable Trusts can work for you:

• You can establish a lead trust that will make income payments to 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 Chabad while retaining the right to live in it for the rest of your life.

• You deed your home to 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 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.

RETIREMENT PLANS

You may wish to designate the Chabad Planned Giving Office as a beneficiary of your retirement plan. IRA's, 401k's, Keogh Plans and others are subject to both estate and income taxes. Consider designating Chabad as a beneficiary. This outstanding gesture gives the Jewish community a substantial donation at a minimum cost to your family.

How to Designate Chabad as a Retirement Plan:

• Request a beneficiary change form from your retirement plan administrator and designate Chabad as the beneficiary.

• Designate 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 our local Chabad Center.

• 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.

The last step in leaving any bequest involves the transfer to charity. Upon your passing, full value of the gift will be transferred to Chabad of Topanga tax-free and your estate will receive an estate tax charitable deduction.

Chabad of Topanga, 1459 Old Topanga Canyon Road, Topanga CA 90290

Tax Id. No. 75-3108516 is a 501(c)(3).

For any questions or more information, please email [email protected] or call 310-455-1597