:: Planned Giving

Helping Sustain WHC for Generations to Come

As many generous members of WHC have learned, a planned gift helps both  the Congregation and the donor.  The Congregation is able to pursue its mission.  The donor is able to reduce or eliminate taxes, increase income, pass assets on to children or grandchildren, utilize nonliquid assets or meet a variety of other personal estate planning or fiscal goals.

There are several ways in which you can maximize benefits to WHC and, at the same time, to yourself.

• Gifts and Bequests of Cash – The majority of gifts and bequests to the Congregation are made in cash.  If you make a gift during your lifetime, you may be entitled to an income tax deduction.  If you make a bequest by Will, your estate will be entitled to an estate tax deduction.  A bequest can specify an amount or a percentage of assets to be transferred to the congregation.  For many, a bequest provides the opportunity to make a more significant gift than is possible during their lifetime.
• Charitable Remainder Trust – You and your financial institution set up and administer a trust that distributes a percentage of its value each year to you.  Upon the end of the designated time period, the remaining assets in the trust would be gifted to Washington Hebrew Congregation.  This can be a beneficial vehicle to avoid capital gains taxes and/or receive a tax deduction now, and also to generate income for yourself and for the congregation both during your life and as your legacy.
• Life insurance, IRA, or Pension – You may designate Washington Hebrew Congregation as a beneficiary of one of these assets.  Most often, all that is required is to name the congregation on the beneficiary line when you sign up for or modify your retirement plan.  In addition, there are different options for using a life insurance policy to benefit yourself and the congregation during your lifetime.

Through careful planning you may be able to realize income and estate tax savings. Some giving methods are more advantageous than others to achieve your particular objectives.  It is important that you seek the advice of your attorney or tax advisor before making any gift.

A planned gift, such as a bequest or charitable trust, is an investment in the future of Washington Hebrew Congregation and can also be advantageous to you, your family and your estate.

FOR MORE INFORMATION about making a planned gift
to Washington Hebrew Congregation:
     Jamie Groban, Director of Development
          JGroban@whctemple.org or 202-895-6325