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Legacy and Planned Gifts at Temple B'nai Brith

At TBB, the impact of planned gifts on our synagogue has been immense. We worship in a beautiful sanctuary because of the generosity of Morrie and Ada Kleiman, who included TBB as a significant beneficiary in their will. With this type of gift, we too, today, have the chance to leave a legacy. Right now, we can help secure the future of this congregation and Jewish community that we care about.

A number of TBB members have included the congregation in their will, and others have made TBB a major beneficiary of their IRA or 403b accounts.

Whether you have been a member of the Temple B’nai Brith community for many years or joined recently, and whether you have already made plans for your estate or you are just starting to think about your future giving, you can create a legacy that will sustain Congregation B’nai Brith in the future through a planned gift.

Bequests

You have the opportunity to create a personal legacy by including a provision in your will or living trust for Temple B’nai Brith. A bequest ensures that your money is directed to a cause of your choosing, while potentially reducing estate taxes through an estate tax charitable deduction.

How to include TBB in Your Will or Living Trust

You can include Temple B’nai Brith in your will or living trust and ensure that your support will continue in perpetuity. You have the option of leaving a specific amount, or you can leave a percentage of your total assets. Bequests can be as simple as writing a single line into your will. While we recommend you consult with a legal advisor on the most effective wording, here is sample language you may share with your legal advisor when formalizing your bequest.

Sample Bequest Language:

"I give and bequeath [include specific dollar amount, or percentage of estate] to Congregation B’nai Brith, 201 Central Street, Somerville, MA 02145 for its general corporate purposes."


Once your bequest intention is documented in your will, please provide the TBB office with a copy of the page that contains the provision so that we may properly thank you and record your intention.

Donor Advised Funds

Using an existing donor advised fund (DAF) at Fidelity, Vanguard, the Boston Foundation or another institution is another straightforward way to leave a gift to TBB. Since the funds are already held in a charitable fund, there is no need to use a will or trust to fulfill your legacy gift intention. You can also establish a Donor Advised Fund through Combined Jewish Philanthropies.

You can name TBB as the beneficiary of a percentage of your remaining DAF balance.

IRA and 403b Accounts

Distributions

People who are 70 ½ or older can make charitable contributions directly from their IRA. This distribution counts toward your Required Minimum Distribution. You may contribute up to $100,000 annually and avoid paying income taxes on the distribution. This qualified charitable distribution is limited to IRAs.

Beneficiaries

Whenever you fill out your initial paperwork for IRAs and 403b accounts, you are asked to name beneficiaries. You can also change or revise your beneficiaries at any time. One option is to name Temple B’nai Brith as a full or part beneficiary of your IRA or 403b. Should you choose this, the gift will avoid probate court, and your heirs will not need to pay taxes on these assets.

Contact Us

The President, officers, and Board of Directors of TBB are already grateful for your annual support and membership dues. If you have already included TBB in your giving plans, please let us know! We would appreciate the chance to thank you, whether privately or in a more public way. If you have questions, or to discuss your plans confidentially, please contact our Treasurer, Joshua Meltzer at treasurer@templebnaibrith.org.

Tue, July 16 2024 10 Tammuz 5784