The higher your tax rate, the more you save from each dollar donated. Simply write a check to Temple Beth Hillel before December 31. Although the stock market has experienced some ups and downs in recent months, many of you may have seen your stocks appreciate considerably. In addition to being deductible at full value, gifts of appreciated assets stocks or mutual funds owned longer than one year enable you to by-pass capital gains tax that would be due on a sale. If through some miscalculation, your investments decreased in value, consider selling those losers and making a gift of cash.
Estate taxes can take a considerable portion of one s estate at the time of death.
Consider a charitable bequest in your will to benefit your Temple, to save estate taxes, to provide a legacy for the future. An alternative source of tzedakah funds is life insurance policies that have built up cash value but are no longer needed for their original purposes. Ask your professional tax advisor about the gift-giving methods most beneficial to you. If you have any questions about Temple gift giving programs, contact Leslie Horowitz in the Temple office. We are very grateful for your membership, for your support, and for your consideration of these suggestions.