MAKE IT YOUR LEGACY TO PROVIDE FINANCIAL STABILITY & OPPORTUNITY FOR LOWER INCOME NEW YORKERS

Supporting Hebrew Free Loan Society through a planned gift today not only demonstrates your commitment to our shared mission, but also serves as a lasting reminder to your children and succeeding generations of the values that are most important to you.  HFLS can assist you in finding the best way to make your gift, and perhaps help you to make an even larger contribution than you thought possible.

Through your legacy gift, you can ensure Hebrew Free Loan Society has the financial resources it needs to continue to provide lower-income New Yorkers access to safe & affordable capital.

WAYS TO MAKE A LEGACY GIFT

Planned gifts can take many forms, and we invite you to join us by considering one that works well for your needs. We recommend you consult your tax advisor to see if any of these options make sense for you. Explore the Hebrew Free Loan Society’s planned giving opportunities:

BEQUESTS

By naming HFLS in your will, you keep absolute control of your assets during your lifetime, yet still have a lasting impact. We would be pleased to provide you or your attorney with sample language to help

 RETIREMENT FUNDS

Because special tax considerations apply to retirement plan  benefits,  they  are  a  good choice for charitable bequests. Simply name HFLS as the beneficiary of your IRA, 401K or other qualified plans. After your lifetime, the residue of your plan passes to HFLS tax free.

GIFTS OF RETAINED LIFE INTERESTS IN REAL ESTATE

By transferring the ownership of a personal residence or other property to HFLS (you still retain the right to use the property during your lifetime), you will receive an immediate income-tax deduction based on the property’s value and your age.

LIFE INSURANCE

Make HFLS the primary beneficiary of a life insurance policy. You retain ownership of the policy and have access to its cash value during your lifetime.

IRA CHARITABLE ROLLOVER

If you are 70½ years or older, you can take advantage of the IRA Charitable Rollover and provide a gift up to $100,000 from your IRA directly to HFLS without having to pay income taxes. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.  If  you  have  not  yet  taken  your  required minimum distribution for the year, your IRA Charitable Rollover gift can satisfy part or all of that requirement.

LIFE INCOME GIFTS

By establishing a charitable gift annuity or charitable remainder trust to benefit HFLS, you will receive income for life at very favorable rates while also enjoying an immediate income-tax deduction and other tax benefits such as by-passing capital gains and tax-free income (depending on the asset contributed and your age).  We would be pleased to provide you with a personalized illustration of the benefits of these gift arrangements.

 If you would like to speak with us about your planned giving options, please contact Rachel Chasky at rchasky@HFLS.org or 212-600-8541.

Please be sure to consult with your legal and/or tax advisor before adding this language to your will to determine the best way for you to give to HFLS as part of your estate planning.