Director of Development
(410) 484-0411 x1115
(410) 484-0411 x1120
Beth El Congregation
Attn: Development Department
8101 Park Heights Avenue
Baltimore, Maryland 21208
Before making your gift of securities to Beth El Congregation, please contact Amanda Beitman firstname.lastname@example.org or 410-484-0411 x1115. Let us know the date, stock name, and the number of shares. Providing notice prior to donating stock makes it possible to credit and acknowledge your gift.
Please send shares electronically to:
Broker – LPL Financial
Account name – Beth El Congregation
Account number – 53232874
DTC – 0075
When a Beth El member who is at least 70.5 years of age has an IRA, there can be some very compelling tax incentives to give part or all of the IRA to Beth El. In some cases, the combination of federal estate and income taxes, state and local estate and income taxes can approach 100%. By designating Beth El as the recipient of distributions up to $100,000, donors can avoid certain taxes, Beth El gains support, and estate implications are addressed.
The donor can combine estate planning and charitable giving by purchasing life insurance that names Beth El as the irrevocable beneficiary, or the donor can transfer ownership of existing policies. In this way, a donor can perpetuate the family name, or that of a loved one, while helping ensure Beth El’s future. This approach enables donors to create significant programmatic and/or endowment funds, even if there are not currently sufficient funds to do so. Premiums paid can be taken as charitable income tax deductions for federal income tax purposes as can the cash surrender value of an existing policy.
Subject to the approval of the Board, the donor can contribute real estate. Although there are important tax implications that must be reviewed carefully by the donor’s legal and tax counsel, both the donor and the congregation can obtain important gains. It is assumed that Beth El will not necessarily hold the real estate; rather, it will be sold. Capital gains considerations will be discussed as the federal and state guidelines in these matters are very specific.
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