Gifts That Protect Your Assets

Increased income may not be your primary objective. Instead, you may be wondering how to deal with some highly appreciated property or a growing family business as your needs and lifestyle change. Will taxes consume much of the value that you have worked so hard to grow? Will anything be left for you and your family?

Jewish Federation of Greater Atlanta has several plans that help you keep control of your assets, or transfer them, at less cost to you and to make a charitable gift at the same time.

We can show you creative ways to use your assets to benefit the Jewish community, while at the same time preserving the benefits of those assets for yourself and your family.

Popular Giving Arrangements

• Gift of Real Esatate Gifts of real estate may include a house, apartment building, vacation home, commercial buildings or income-producing and non-income-producing land. You can make an outright gift of real property now or through your estate.
  
  Gifts of real estate typically require certain procedural steps, including a site visit to the property, a qualified appraisal, a preliminary title report and an environmental assessment. For more information, click here for the Jewish Federation’s Gift Acceptance Policy.
  
  A gift of real estate is an excellent way to unlock the full-appraised value of a property, allow for significant tax and economic advantages, and donate to worthy causes. Federation professionals can help you structure a charitable gift of a vacation home, an investment property, land, or commercial or residential real estate.
  
  By donating real estate, you bypass capital gains and may deduct the fair market value of your gift. The proceeds can be distributed to a donor advised fund, family foundation or endowment fund. Property may also be used to fund a charitable remainder trust, which produces lifetime income for the donor.
   

• Charitable Lead Trust (CLT)Your hard work has paid off and your business is growing. How can you preserve some of its value for your children?
  
  A charitable lead trust minimizes estate taxes on assets you intend to leave to your children or grandchildren, particularly when those assets are expected to appreciate.
  
  After transferring your assets, the charitable lead trust provides fixed amount payments to the Federation for a specific term of years or for your lifetime. Thereafter, the trust's principal passes on to your heirs or beneficiaries. Additional appreciation of assets is not subject to estate taxes for the term of the trust.
  
  What are the benefits to you?
   
  • Reduces taxes that would otherwise be due on assets left to children and grandchildren
  • Allows donor to make a substantial charitable gift over a period of years until major assets are passed on