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Create a Legacy

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Donations

Donations

As a nonprofit organization, Congregation Beth Shalom relies on donations year after year to keep our organization going. Annual dues and tuition account for only a portion of our budget each year, and we raise additional funds thru our High Holiday appeal and our many donation funds. As the end of the calendar year approaches, now is the time that many people think about their financial and tax planning. There are several ways that you can support Congregation Beth Shalom now, and in the future; ask your financial advisors if any of these options are good for your personal situation. Your donation can be used to pay your annual commitment, High Holiday appeal, registration for a CBS event, contribution for a specific fund or almost anything else!

“The true meaning of life is to plant trees, under whose shade you do not expect to sit.”

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Nelson Henderson

 Gift of Appreciated Stock  If you own shares of a company that has appreciated in value, you may benefit from donating the appreciated shares to Congregation Beth Shalom. We sell the shares upon receipt and apply the proceeds to your account. You do not have to pay any taxes on the capital gains on these shares. We both benefit!!  Donor Advised Fund  Take advantage of tax benefits by establishing a Donor Advised Fund. Options include the Jewish Federation of Chicago, Fidelity, Charles Schwab, Bank of America and others. Set up your fund, and then recommend that your fund manager donates to Congregation Beth Shalom. This is a great way to engage family members of all ages in your philanthropy goals.  IRA Required Minimum Distributions  You may be able to lower your annual taxable income by making Congregation Beth Shalom the charitable recipient of your Required Minimum Distribution. Ask your tax advisor if you qualify and direct your fund manager to make the distribution payable to Congregation Beth Shalom.  Planned Giving  You can name Congregation Beth Shalom as a beneficiary on your Retirement account or Life Insurance policy. Child 1, Child 2, Grandchild 1, Grandchild 2, Congregation Beth Shalom…Follow the lead of many well-known philanthropists and add a charity to your list of beneficiaries. Consider a 1% or 10% share to support Congregation Beth Shalom.  Bequests  Take time to update your will and trusts. Consider adding Congregation Beth Shalom as a beneficiary. You can leave a family legacy at CBS and reduce your family’s tax burden. There may be other tax benefits too, speak to your trusted advisors soon.  Charitable Gift Annuity or Charitable Remainder Trust  These are tax-advantaged ways to continue to earn income on your investments during your lifetime and to benefit Congregation Beth Shalom after your death. They are complex documents and require legal and tax advice.

Congregation Beth Shalom is one of several organizations in the Chicago metro area that participates in the Jewish United Fund’s Create a Legacy program. We are committed to educating and encouraging our congregants to give now and in the future, to sustain the future of Congregation Beth Shalom. Need additional information? Call your tax or legal advisor or talk to Glen Roter, CBS Create a Legacy chair (847-641-0121) or Susan Karlinsky, CBS Controller (847-498-4100 ext. 22).

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