Planned Giving

The Society of Raya

Recognizes members and friends who demonstrate their deep commitment to WIZO by making a life income gift or including WIZO in their estate plans. Through their foresight and generosity, these individuals play a key role in establishing a sound foundation for WIZO and ensuring the growth and success of its projects in Israel in the future. Members receive invitations to selected WIZO events and programs. They are acknowledged, with their permission, in the annual donor listing and other WIZO publications.

Select the links from the Planned Giving Menu to learn more about various ways of giving to WIZO.

As we embarked in the twenty first century, planned giving is playing an increasingly vital role In Israel's future. The staff of WIZO's Office can work with you and your advisors to structure a gift that best fulfills your charitable goals.

Contact WIZO Florida  for more information or assistance with any of these options.



Life Insurance

You can help WIZO maintain a consistent cash flow to carry out both day-to-day commitments and long-term goals through the gift of a life insurance policy. Your support can make a difference; even the most humble gift is very much appreciated.

You can apply for a permanent life insurance policy on your life and name WIZO both owner and beneficiary of the policy. Since WIZO is a charitable organization, your annual gift of the premium payment is tax-deductible.

The proceeds of the life insurance are tax-free upon the donor's death, or when the policy matures, whichever comes first. Furthermore, the donor's estate will not owe gift or estate taxes on the amount of the claim.

The gift of life insurance can be a "win-win" proposal for both you and WIZO.

Let the light of your giving shine for generations to come.

Contact WIZO Florida  for more information or assistance with any of these options.

 


Charitable Annuity Trust

A charitable annuity allows you to make a meaningful gift to WIZO while also providing for your future financial well-being. A gift annuity makes it possible to transfer cash, real estate, or securities such as stocks or bonds, to WIZO. In exchange, you or someone else you designate will receive fixed payments for life.

Advantages:

  • Income beneficiary earns a fixed annual amount; especially advantageous if you're 65 or older
  • Established with a minimum of $10,000 in assets
  • Income tax deduction for the gift portion
  • Simple one or two page contract
  • Assets can be used by WIZO after beneficiary's lifetime

Limitations:

  • Fixed payments, so no hedge against inflation
  • Percentage payment linked to donor's age the younger the donor the lower the percentage

Best Assets:

  • Cash
  • Securities

All prospective donors are urged to seek the advice of a competent tax professional as to the tax consequences of this gift prior to entering into a gift annuity agreement with WIZO.
Contact WIZO Florida  for more information or assistance with any of these options.

 


IRA and Pension Plan Distribution

Retirement plan proceeds paid after death are subject to both income and estate taxes. If you have accumulated substantial amounts to your retirement account and you are in the highest brackets for paying income and estate taxes, those taxes can exceed 75% of the amount in the plan. These are, therefore, not ideal assets to bequeath to your heirs.

Naming WIZO as the after-death beneficiary of one or more such plans (pension, profit sharing, Keogh, IRA, 401 (k) among others, can save such taxes and greatly assist WIZO at a minimum cost to your family. You can therefore make a substantial donation with plan assets that would otherwise be used to pay income and estate taxes.

Contact WIZO Florida  for more information or assistance with any of these options.

 


Donating Art, Jewelry or Other Property

If the property you wish to donate is used directly by WIZO for its charitable purposes, then the full fair market value of the property is deductible. Gifts of property that must be sold, or are unrelated to WIZO's tax exempt purposes, may qualify for a limited charitable tax deduction.

In any event, gifts of property are not subject to a tax on the unrealized capital gain and may be used to fund a charitable remainder trust. Therefore, you shall not pay taxes over the difference between the original purchase price of the donated property and the sale price WIZO may obtain for it after the property has been duly transferred to our organization.

Contact WIZO Florida  for more information or assistance with any of these options.

 
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