Trusts are formal legal arrangements designating a trustee to receive and hold legal title to property and administer the property according to your instructions. Trusts can arrange for any financial or administrative function.

Trusts can be very simple, or they can be as complex as necessary to meet your various financial, charitable and personal goals.

Who Might Set Up a Trust?

  • Parents who want to establish a secure source of lifetime funding for a disabled or financially irresponsible child
  • Owner of a closely held or family business with heirs likely to sell after inheriting
  • Owner of low-dividend stocks that are worth significantly more today than when they were purchased, or majority of portfolio in employer's company stock
  • Retiring farmer with last year's crop to sell and no expenses to offset income
  • Owner of real estate or personal property free of any lien or mortgage that is not producing any income

What Types of Trusts are There?

Charitable Lead Trust
Charitable lead trusts are designed to provide income to Chosen People Ministries immediately and for a period of years, after which the property either reverts to you or passes to those you designate, typically your children or grandchildren. These trusts are most often used to transfer assets that are expected to appreciate in value to your heirs, effectively reducing gift and estate taxes. If you anticipate high estate and gift taxes, the lead trust may be an excellent vehicle for passing assets along to your heirs.

Charitable Remainder Unitrust
The charitable remainder unitrust is a popular trust that allows you to receive an income for life. The percentage of payout is determined at the time the gift is made. Your payments vary from year to year and you can make additions at any time. When the value of the unitrust increases, your payment increases, and vice versa.

Charitable Remainder Annuity Trust
The annuity trust is similar to the unitrust with one key difference, your payments are fixed and determined at the time you establish the trust. You also receive a tax deduction upon the creation of the trust.

How can I get more information?

If you think a trust might help you, or you would like more information about charitable giving using trusts, please contact our Planned Giving department. You can e-mail us, call us at 212-223-2252, or write to us at Chosen People Ministries, 241 E. 51st Street, New York, NY 10022.

A bequest is one of the most meaningful legacies you can provide for your family, friends, and Chosen People Ministries. Your bequest helps ensure that your wishes for the future of Jewish evangelism will be honored. We have been able to sustain many of today's outreach programs due to the generosity and vision of our former supporters.

If you are planning to write your will, or if you already have one, you may want to consider these common ways to make a bequest:

Specific Dollar Amount
"I give, devise and bequeath to Chosen People Ministries, 241 E. 51st Street, New York, NY 10022, $____________ ."

Percentage of Your Estate
"I give, devise and bequeath to Chosen People Ministries , 241 E. 51st Street, New York, NY 10022, ___________% of my estate."

Residue of Your Estate
A residuary bequest to Chosen People Ministries directs that all the residue, or a percentage of the residue, of your estate be paid to the ministry after all debts, taxes, expenses, and all other bequests have been paid.

"All the residue of my estate, including, without limitation, real and personal property, I give, devise and bequeath to Chosen People Ministries, 241 E. 51st Street, New York, NY 10022."

Specific Asset from your Estate
"I give, devise and bequeath _______ (insert a description of the asset here, such as stocks, bonds, mutual fund shares, real estate, works of art or antiques) to Chosen People Ministries, 241 E. 51st Street, New York, NY 10022."

Contingent Bequests
You can name Chosen People Ministries to receive all or some of your estate if your primary heirs predecease you. You might do this to protect your estate from expensive litigation or from ultimate distribution to the state or unintended beneficiaries.

"If _____________ (insert the name of your heir) predecease me or disclaims any interest in ____________ (describe the asset or portion of your estate here), I give such property to Chosen People Ministries, 241 E. 51st Street, New York, NY 10022."

A bequest can also provide life income for someone you wish to remember.

How can I get more information?

For advice on how you can make the greatest impact with your gift, just contact our Planned Giving department. You can e-mail us, call us at 212-223-2252, or write to us at Chosen People Ministries, 241 E. 51st Street, New York, NY 10022.

Life Insurance, Retirement and Savings Accounts

How to Give When Your Needs Change

Life insurance, pension plans, individual retirement accounts, certificates of deposit, and savings accounts are convenient gift options that people often overlook.

Retirement account assets, if left to anyone other than a spouse, may be subject to very high taxation. By designating Chosen People Ministries as recipient of any benefits remaining in your retirement plan, or by using them during your lifetime to fund a charitable gift, you may effectively reduce the taxes that will otherwise be imposed on those assets that have grown tax-free, while accomplishing more with your other assets.

You can make a significant contribution to Chosen People Ministries' future by using resources originally acquired to protect you and your family.

  • Your life insurance needs have probably changed over the years. For example, your children may be grown or your investments have provided increased income and security. If you own a policy you no longer need, you may name Chosen People Ministries as the beneficiary to receive all, or a portion, of the policy's proceeds.
  • Another way to make a gift is to take out a new policy that names Chosen People Ministries as owner and beneficiary. Many donors find that this is a convenient way to make a sizeable gift.
  • If you have retirement assets in excess of your financial needs, ask about naming Chosen People Ministries as the final beneficiary.
  • Certificates of deposit and savings plans make excellent gifts. Simply name Chosen People Ministries as a joint owner. This type of gift allows you to provide future support for Chosen People Ministries while you avoid any unnecessary estate expenses.

How can I get more information?

Please e-mail us, call us at 212-223-2252, or write to us at Chosen People Ministries, 241 East 51st Street, New York, NY 10022.

Endowments and Memorials: The Gifts that Endure

Chosen People Ministries is an organization dedicated to bringing the Gospel to Jewish people. What better way to pay tribute to someone that has touched your life and who loved the Lord and the Jewish people than through a memorial gift to Chosen People Ministries?

Memorial gifts are very flexible. Every gift outlined in this web site can be made in memory of a loved one. We can help you in choosing a gift that suits your needs. E-mail us or call us at 212-223-2252.

Chosen People Ministries' life income plans provide you with a variety of opportunities to help bring the Gospel to Jewish people while receiving payments for life and valuable tax savings. Chosen People Ministries offers a choice of life income plans which can provide you with fixed or variable payments.

The theory of such a gift is simple. You make an irrevocable contribution of cash or securities valued at $10,000 or more and, in return, receive payments for life or a term of years. After your death the remaining principal will pass to Chosen People Ministries to be used as you have instructed.

Appreciated securities are an excellent way of funding these gifts, often unlocking greater income while eliminating, or at least reducing, capital gains tax.

Why Should You Make a Life Income Gift?
By making a life income gift to Chosen People Ministries, you can have the satisfaction of making a gift now without losing the income from the asset you donate. In addition, you:

  • will receive an immediate charitable income tax deduction
  • will avoid the capital gains tax on transferring appreciated assets
  • will have your assets managed by a professional at no cost to you
  • can provide an assured income to a loved one for his or her lifetime
  • may actually increase your own income and enhance your retirement plan
  • may be able to reduce your estate taxes
  • may be able to make a larger gift to Chosen People Ministries than would otherwise have been possible
  • may provide a hedge against inflation with a plan that allows your payments to fluctuate

What is a Life Income Gift?
There are a number of different life income gift types. While each has its own special features, a basic concept applies to all - you make a gift to Chosen People Ministries but continue to receive the income from what you donate.

When you make the gift, you decide whom you would like to receive the income payments (the beneficiary). It can be you, you and your spouse or another relative or friend. Income will be paid to the beneficiaries for their lifetimes, or you can specify a fixed number of years. On the death of the last beneficiary, your gift becomes available to Chosen People Ministries to use where it is most needed or as specified by you at the time you make your gift.

Some types of life income arrangements available through Chosen People Ministries are:

Chosen People Ministries Gift Annuity
A Chosen People Ministries Gift Annuity is a contract between you and Chosen People Ministries. You transfer cash, stocks, bonds, or real property to Chosen People Ministries and receive guaranteed payments for the rest of your life. The amount of each payment is determined by your age at the time the annuity is initially funded. These payments will never change. Payments can begin immediately or be deferred until the future to supplement a retirement plan. You receive an immediate charitable income tax deduction for the gift portion of the annuity and part of each payment is a tax-free return of principal

Charitable Trusts
By setting up a Trust, you can give to Chosen People Ministries and provide for your family at the same time. A trust can provide for your children, grandchildren or other relatives, with the remainder divided by any number of charities; or a trust can provide for charity for a number of years or a lifetime, and then go to any number of heirs or beneficiaries.

Which Asset is Best for a Life Income Gift?
While almost any asset may be used to fund a life income gift, the best is a highly appreciated, low-yielding asset. By donating an appreciated asset, you avoid paying the capital gains tax for which you would be liable if you were to sell the asset.

Many assets that are highly appreciated do not yield a particularly high income. If you donate that asset through a life income arrangement, we can sell it and invest the proceeds in a higher yielding asset. For example, you may own stock that has increased significantly in value since you acquired it but is only paying you income at the rate of 2% or 4% per year. When you donate the asset under a life income arrangement, we can sell the stock and invest in securities that pay out at a considerably higher rate. You would not be able to accomplish this increase in income yourself without paying a tax on the capital gain.

Real Estate
The gift of your home is a unique and meaningful way to support Chosen People Ministries. You can enjoy the satisfaction of making such a gift during your lifetime-without affecting your current lifestyle.

Depending on the type and size of the asset you plan to donate and your other financial objectives, one of these vehicles is likely to be particularly well suited to you. We can help you identify which vehicle is best.

How can I get more information?
To learn more about how these giving opportunities can work to your advantage, please e-mail us, call our toll free hotline at 212-223-2252, or write to us at Chosen People Ministries, 241 E. 51st Street, New York, NY 10022.

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