Why it Can Pay to be a Philanthropist in Retirement

Jewish National Fund-USA’s Director of Planned Giving in Florida, Robin Dermer, Esq. explains why supporters of Israel should consider a Charitable Gift Annuity as a means of continuing their support while also receiving a return.


As 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.


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JNF-USA is building a bright future for the land and people of Israel and Jewish people everywhere.


The historically low interest rates that persist have not only impacted current spending decisions but have upended retirement plans as well. Retirees and those approaching retirement are looking for options that will provide a safe, steady income that can be depended on with a competitive rate of income.


While many of us are familiar with the iconic Jewish National Fund-USA (JNF-USA) Blue Box or “Pushke”, the organization also offers empowers donors to support the land and people of Israel through its Charitable Gift Annuity program.


“We run one of the most successful Charitable Gift Annuity programs in the country,” said JNF-USA Planned Giving Director, Florida, Robin Dermer, Esq. “Donors are attracted to the program because it offers competitive annuity rates while providing them with the stability of receiving a steady lifetime income with the knowledge that their support of Israel goes undiminished.”


Dermer added: “The concept behind JNF-USA’s Charitable Gift Annuity program is straightforward. It is a simple agreement that offers a lifetime income in exchange for the donor’s gift. In addition to the income there are valuable tax advantages such as tax-free income, an income tax deduction, and the avoidance of lump sum capital gains taxes if the donation is made with long-term appreciated stocks or mutual funds. JNF-USA’s annuities can be structured to cover one or two lives and can also be designed as a supplemental retirement plan by deferring income for several years.”


Depending on the donor’s age, current single life annuity rates can range between 4.7 percent and 9.0 percent (as of 2020).


To receive information including a detailed illustration on how a JNF-USA Charitable Gift Annuity might benefit you, visit jnflegacy.org or contact Matthew Bernstein Chief Planned Giving Officer at mbernstein@jnf.org or phone 212.879.9305 ext.292

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