Planned Giving

Thank you for considering making a planned gift to the Associated Talmud Torahs of Chicago. Your generosity will enable us to serve today’s students and to continue our programs and services in the future. Your gift to the A.T.T. is a demonstration of support for religious Jewish education. Your gift should also be a way to help address your personal financial goals and objectives.

There are many types of planned gifts that can be made. These include:

Bequests - A bequest in your will or naming the A.T.T. as a beneficiary of your Trust can provide for the organization’s future while not impacting your current net worth or cash flow. You may specify a gift of cash, securities, or real estate. Alternately, you may designate that a percentage of your estate’s value be gifted.

Real Estate – The gift of unwanted or unused real estate is gladly accepted. This may include vacant land, an unused vacation home, or commercial property. It’s even possible to donate your current residence, get credit for a donation, and to remain in the residence.

Retirement Plans – The gift of undistributed retirement plan assets upon your death may be one of the best options available in planned giving. Retirement plan (401k, IRA, Keogh) assets are subject to federal income tax if left to a non-spouse beneficiary (a child or other relative). They are also subject to estate taxes. By naming the A.T.T. as the beneficiary, your heirs can avoid this double taxation and you may leave them other assets that are not subject to this type of tax.

Life Insurance – Do you have fully paid life insurance policies that you no longer need? Donating these policies will result in a charitable donation of the lesser of the cash value or the surrender value.

You may also purchase a new life insurance policy that names the A.T.T. as the beneficiary. This will establish a future endowment for us from your current income rather than decreasing your net worth. We pay the annual premiums with money that you donate to the A.T.T. for this specific purpose. You will receive a charitable donation for the value of the premium paid each year.

Charitable Gift Annuity – Charitable gift annuities provide you, and a second beneficiary if desired, a guaranteed life income. Once the gift is made, you can start fixed annual payments immediately, or you can defer the payments, thereby increasing the payment amount. You will receive a current income tax deduction for the initial gift, minus the present-value of the annuity, based upon the age of the beneficiaries and the date payouts begin. This type of investment allows you to diversity your portfolio and adds an additional source of fixed income.

Charitable Remainder Trusts –This is a trust that is established with cash or appreciated assets. Each year the trust pays the donor, or any other named beneficiary, a set percentage of the total net value of the trust as revalued each year. The principal remaining in the trust passes to the A.T.T. upon the death of the final beneficiary. The benefits of this type of gift include receiving a current deduction for a portion of the assets placed into trust, avoidance of capital gains tax on any appreciated securities used in funding the trust, the ability to add additional money to the principal and making a sizable gift to the organization.

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