How Can You Establish Your Legacy Within Our Community?
Supporting Congregation Agudas Achim is an opportunity to ensure that our beloved congregation continues to thrive for generations. By including CAA in your estate plans, you contribute to the future of our programs, congregants and community.
Planned Giving
The Impact of Planned Giving
Planned gifts play a crucial role in sustaining CAA’s future. Whether unrestricted or designated for specific purposes, your contribution helps keep CAA strong. Here are just a few ways your planned gift can make a difference:
- Outright Gift:
Leave a specific dollar amount or a percentage of your trust or estate to CAA. - Bank Account:
Name CAA as the payable-on-death beneficiary of your bank accounts. (CAA can provide our EIN/Tax ID and address.) - Appreciated Securities:
Donate publicly traded securities to CAA. This allows you to avoid capital gains tax while enjoying a charitable deduction for the full value of the stock. (CAA can provide stock transfer instructions.) - Lifetime Pledge:
Fund a pledge during your life or after your passing. You can donate small amounts over time in this way but make your full commitment known. - Naming CAA as a Beneficiary of your Retirement Accounts:
- As a Contingent Beneficiary:
After providing for your loved ones, consider naming CAA as the ultimate beneficiary of your retirement accounts. This is a meaningful way to support CAA while ensuring your family is cared for. (Contact your financial institution for forms to complete that allow you to name CAA as a contingent beneficiary.) - As a Primary Beneficiary for Optimum Income Tax Planning:
Leaving a portion or all of your retirement plan to CAA can reduce income and estate taxes. (IRAs left to a charitable organization like CAA do not incur income tax and estate tax.) - For Required Minimum Distributions You Don’t Need or Want:
If you’re 70½ years old or older, consider using a Qualified Charitable Donation (QCD) to donate up to $105,000 to CAA from your IRA. This can reduce your taxable income. QCDs can satisfy all or a portion of your Required Minimum Distribution (RMD).
- As a Contingent Beneficiary:
Please contact Lanie Bailey, CAA Executive Director, at lanie.bailey@caa-austin.org or 512-735-8410 for questions or to obtain CAA-specific information to effect financial transactions.
Advanced Planning Options
For those interested in more sophisticated estate or income tax planning strategies, here are some options to discuss with your financial planner or tax advisor:
- Charitable Remainder Trust or Charitable Lead Trust:
These trusts offer income and estate tax advantages. - Supporting Organization:
Establishing a Private Family Foundation exclusively supporting CAA allows for higher income tax deduction limits. - Charitable Gift Annuity:
A charitable gift annuity provides both income and estate tax benefits while supporting CAA. - Real Estate:
Real estate is often a donor’s most valuable asset. Donating real estate can provide tax advantages. - Staggered Giving with Tax Benefits:
If you wish to spread out donations to CAA over time but want to maximize your charitable income tax deduction in a single year—perhaps due to a significant taxable event—consider establishing a donor-advised fund. This option allows you to prefund charitable gifts.
Please contact Lanie Bailey, Executive Director, at lanie.bailey@caa-austin.org or 512-735-8410 to learn more.
Disclaimer: Congregation Agudas Achim does not provide tax advice. Please consult with your legal and tax advisor before making gifts.