Planned Giving
Are you looking to make a substantial gift to the College that also complements your personal financial planning?
Over the years, many donors have reaped such benefits through gifts to RRC. Your planned gift may generate lifelong income; convert low-yielding assets into a higher income stream at a reduced capital gains cost; obtain significant income tax deductions; and reduce or eliminate estate taxes.
The Office of Institutional Advancement helps donors tailor bequests and structure gifts of life insurance, art collections and other assets. Donors often find that a combination of planned gifts produces the best results. We are happy to meet with you and your financial advisors to design the most advantageous ways of giving.
To discuss specific questions about how a planned gift might benefit you and RRC, and to ask about our special society for such donors, contact:
Barbara Lissy
Assistant Vice President for Development
215 576-0800, ext. 150
Planned gifts include:
- Bequests
- Life Insurance Gifts
- Life Income and Charitable Trusts
- Real and Personal Property
- Retirement Fund Gifts
Including a provision for the College in your will can ensure that your name and legacy (or those of your parents, children, partner or friends) continue to benefit RRC. Your bequest can support an endowment and name important programs. Whether it is a $5,000 book fund, a $50,000 student scholarship, or $2,000,000 academic chair, your gift will make a significant impact on the lives of students and faculty - and ultimately on the future of Jewish life in North America and throughout the world.
Another way you can leave a charitable legacy to RRC is to name the College as a beneficiary to your life insurance policy. A life insurance policy that is no longer considered necessary for family security is a good source for a charitable gift. You can deduct the approximate cash surrender value of the policy as a charitable contribution. RRC also can help you set up a life insurance gift that provides a benefit to your heirs.
Charitable Trusts (Life Income Gifts)
If you do not wish to contribute an entire asset during your lifetime, you may consider a deferred split interest gift. An irrevocable charitable trust to RRC can bring financial benefits to you. Life Income Gifts made with cash or securities to the College allow you to receive annual interest payments on the principal value of your gift for the rest of your life.
RRC currently accepts Charitable Remainder Annuity Trusts (CRAT), which pay a fixed dollar amount to you each year, and Charitable Remainder Unitrusts (CRUT), in which you receive a fixed percentage of the fair market value of the trust assets, re-valued annually. At the conclusion of the trust term, the remaining principal comes to RRC.
Another form of charitable trust is the Charitable Lead Trust (CLT), which can provide you and your heirs with tax benefits while providing the College with an annual donation for the rest of your life. The CLT returns the accrued principal to your heirs as a means of wealth replacement.
Property: Real And Personal
Land or other real property may be given to the College as an outright gift or used as an asset within a Charitable Trust. Personal property such as artwork, rare books or special collections also make excellent gifts. Gifts of real and personal property should be discussed with a representative of the Office of Institutional Advancement.
Retirement Funds And IRAs
If retirement assets are transferred to your children, they are subject to double taxation—estate taxes as well as income taxes. However, if you leave them to a charitable organization such as the College, both taxes are eliminated, making your excess retirement plan assets an excellent means of making a gift to the College.
