24
Federation Star
December 2020
Back… by Popular Demand! MCA presents
Sarge
Watch the Live Show on
December 20 at 7:30 PM or Stream it until December 30
$30.00 per device "I laughed so hard I had tears in my eyes. Can't wait to see him again."
ISRAEL & THE JEWISH WORLD
It can pay to be a philanthropist in retirement Why supporters of Israel should consider a charitable gift annuity as a means of continuing their support while also receiving a return.
By Robin Dermer, Esq., JNF Director of Planned Giving in Florida
A
s 2020 draws to a close, the stock market has reached record levels over the course of the year. At the same time, interest rates on various financial instruments remain stubbornly low, with term deposits often returning below one percent. With all these financial cross currents now, there has never been a more important time to consider one’s financial strategy. The historically low interest JNF-USA supports initiatives that have rates that persist have not only helped 51,000 people in Israel with impacted current spending disabilities experience nature while decisions, but have upended promoting greater inclusion. retirement plans as well. Retirthat offers a lifetime income in exchange ees and those approaching retirement are for the donor’s gift. In addition to the looking for options that will provide a income, there are valuable tax advantages, safe, steady income that can be depended such as tax-free income, an income tax on with a competitive rate of income. deduction and the avoidance of lump While many of us are familiar with the sum capital gains taxes if the donation is iconic Jewish National Fund-USA (JNFmade with long-term appreciated stocks USA) Blue Box or “Pushke,” the organior mutual funds. JNF-USA’s annuities zation also empowers donors to support can be structured to cover one or two lives the land and people of Israel through its and can be designed as a supplemental Charitable Gift Annuity program. retirement plan by deferring income for We run one of the most successful several years. Charitable Gift Annuity programs in the Depending on the donor’s age, current country. Donors are attracted to the prosingle life annuity rates can range between gram because it offers competitive annuity 4.7 percent and 9.0 percent (as of 2020). rates, while providing them the stability To receive information including a of receiving a steady lifetime income and detailed illustration on how a JNF-USA the knowledge that their support of Israel Charitable Gift Annuity might benefit goes undiminished. you, contact Joshua Mellits, JNF-USA The concept behind JNF-USA’s Director, Western Florida at 941-462Charitable Gift Annuity program is 1330 x865 or jmellits@jnf.org. straightforward. It is a simple agreement FIDF...continued from page 23 increasing well-being needs as the situation progresses. During the week of Sukkot, FIDF distributed tens of thousands of nourishing meals, personal hygiene kits and other products, in accordance with the Ministry of Health and military guidelines, to combat soldiers and IDF units adopted by FIDF.
On top of the aid being provided to soldiers across Israel, FIDF is also prioritizing the FIDF Dignity Program, which helps ease the burden on soldiers and their families, who struggle to cover their daily expenses. Soldiers and their families with financial difficulties are challenged even more because of the coronavirus pandemic and are in immediate need of financial relief.
Go to www.mcanaples.org/Sarge to register. This event is for MCA members only.
239.592.9377 Full Service Printer serving Naples since 2003 Graphic Design • Mail Campaigns • Brochures • • Business Cards • Business Identity Packages • • And Much More!
info@naplesenvelope.com
