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Establishing a Lion of Judah Endowment (LOJE) enables a woman
to endow her gift to the Jewish Community Federation in perpetuity.
Through simple, innovative steps, an endowed gift is within
the reach of a Lion of Judah, regardless of her age or giving
level. The Or L'Atid flame, attached to the Lion of Judah
pin, signifies to the Jewish world a woman's commitment to
the continuation of Jewish life. Donors creating LOJE funds
with a minimum contribution of $100,000 are recognized by
membership in the LOJE Honor Roll. Contributions of at least
$200,000 are also recognized by the membership in the National
Star of David Society. The strength and vitality of women's
giving continues through the Lion of Judah Endowment (LOJE)—enabling
women to leave a legacy to help create social justice, heal
the sick, preserve human dignity, and provide Jewish education
and Jewish growth for all.
Establishing a LOJE
There are several ways a woman may establish a LOJE.
Gift of Cash/Assets
An outright gift of cash or appreciated assets like stocks
or bonds is the easiest way to create a LOJE.
Bequest
A simple bequest in a will is the most common technique for
creating a LOJE.
Gift of Life Insurance
A gift of a life insurance policy is particularly appealing
for younger donors because of its reasonable cost and tax
benefit. By naming the Jewish community owner and beneficiary,
the donor may be able to deduct the premiums.
Gift of IRA or Pension Plans
IRA and pension plans are subject to high testamentary taxes.
This makes them ideal for transfer in whole or in part to
a charity to create a LOJE.
Charitable Income Plan
A Charitable Remainder Trust or Charitable Gift Annuity offers
life income payments with the benefit of a current tax deduction.
The remainder of the trust or annuity can be dedicated to
create a LOJE.
Of course, there are additional funding vehicles available
for you. Your endowment professional or financial or estate
planner can help you select the ones best suited for your
needs. All contributions to establish a LOJE are tax deductible.
In addition, contributing appreciated assets held at least
a year also avoids the tax on capital gains.
At a glance
- May be structured in a variety of innovative ways
- Offers tax benefits for you and/or your estate
- Provides resources for organizations that are important
to you
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