Gifts of Securities & Properties
Now there's a way to achieve your financial goals while helping Jewish National Fund (Keren Kayemeth LeIsrael), Inc. (JNF) meet the goals of a nation -- the land of Israel -- on behalf of Jewish people everywhere.
What is a gift of appreciated property?
As lifestyles change, investment priorities often change as well. The stock or mutual fund you purchased for growth probably has performed quite well and has grown in value. However, this growth may mean significant capital gains taxes when you are ready to liquidate your investments. Delaying the capital gains taxes by holding on to your investments may mean an even larger estate tax burden for your heirs. A gift of these assets to Jewish National Fund can provide you with a much more favorable alternative, including such benefits as:
Click here to read further information on Tax benefits for Estate Planning.
Deduct up to 30% of your adjusted gross income each year
A contribution of appreciated assets creates an income tax deduction equal to their full fair market value. IRS regulations, however, limit the amount of the deduction you can take using appreciated assets to 30 percent of your adjusted gross income. If you can't use the entire deduction in one year, you may carry forward your unused deduction for a period of 5 years.
How is a securities gift valued?
Your gift of publicly-traded securities is valued at its fair market value (the average between the high and low prices) on the gift date. Appraisals are required for gifts of more than $10,000 in non-publicly traded securities. You will need IRS Form 8283 to claim a deduction in any year your total non-cash gifts to all charities exceed $500.
How do I transfer my securities to JNF?
Simply instruct your broker to wire your stocks or bonds via Depository Trust Company (DTC) directly into JNF's brokerage account. The DTC instructions are:
Can I donate mutual fund shares?
Yes. It is a simple process of re-registering the funds in JNF's name. Send a letter that is medallion signature-guaranteed to your mutual fund company instructing them on the transfer. JNF will then open an account with the mutual fund company so that the shares can be transferred properly. The charitable deduction for a gift of mutual fund shares is the net asset value per share on the date of the gift.
What if I hold stocks or corporate bonds in paper certificate form?
If you own stock certificates or corporate bonds, send the unendorsed certificate via certified or registered mail. In a separate envelope, also send a completed and signed stock power and have your signature medallion-guaranteed.
How do I transfer State of Israel Bonds?
If you wish to donate State of Israel bonds that are in your name, please contact JNF's Director of Financial Services at 516-678-6800, ext. 106 so that we may send you the proper forms, such as an Assignment Separate from Bond form and an Affidavit of Domicile in the event one or more of the donors is deceased. We will also instruct you on which other steps you need to take. To speak to a JNF Planned Giving Specialist, please call (800) 562-7526.