Hadassah

Charitable Remainder Trust

Enjoy Payments and Minimize Potential Taxes

A charitable remainder trust is a special kind of irrevocable trust that you can establish either during your lifetime or in your will. Either way, Hadassah benefits, and so do you.

Consult with your estate planning attorney or other financial advisor to discuss whether a charitable remainder trust is right for you.

How does it work?

  1. You may establish a charitable remainder trust by donating funds (minimum $100,000) in cash or appreciated securities to Hadassah, and entering into a written trust agreement with Hadassah, naming Hadassah as the trustee and the ultimate beneficiary of the trust funds. As an alternative, you may establish a charitable remainder trust with a bank or other trustee of your choice and name Hadassah (and other charities) as the ultimate beneficiaries of the funds.
  2. The trust makes regular payments to you for life or, if you prefer, for a fixed term up to 20 years. You may also choose for others to receive payments, such as your spouse, children, or grandchildren. The trust payout rate must be at least 5 percent. The trust payout is negotiated between you and the trustee you select to manage your charitable remainder trust.
  3. At the end of the trust term, the remaining amount in the trust is available for Hadassah's use.

With this type of gift you can:

  • Receive a federal income tax charitable deduction for a portion of your gift’s value, depending on your tax situation.
  • Pay no up-front capital gains tax when you donate appreciated assets.
  • Potentially enjoy other tax benefits, depending on how the trust assets are invested.
  • Provide long-term support for Hadassah's life-saving and life-enhancing work.

Options to Consider

  1. Charitable Remainder Annuity Trust. This type of trust pays you, year after year, a fixed dollar amount you select at the outset. The payments are fixed, based on the starting valuation.
  2. Charitable Remainder Unitrust. This type of trust pays you, each year, a variable amount based on a set percentage of the value of the trust assets, recalculated annually.

We invite you to use this interactive tool to calculate your potential benefits of a charitable remainder trust.

Action Steps

  1. Contact us at 800-428-8884 or giving@hadassah.org with any questions.
  2. Seek the advice of your financial or legal advisor.
  3. Please use our legal name, address and Federal Tax ID if incorporating Hadassah into your estate plans.
    Legal Name: Hadassah, The Women's Zionist Organization of America, Inc.
    Address: 40 Wall Street, New York, NY 10005
    Federal Tax ID No.: 13-1656651

 

The information and content contained herein are intended for educational purposes only and are not intended to provide legal, tax or other professional advice or to be relied upon. We encourage you to consult with an attorney, tax advisor or accountant.

Please choose the brochure(s) you would like to view:


A comprehensive guide to all of Hadassah's Planned Giving options


How to include a gift to Hadassah in your will or estate plan


How make a gift for Hadassah through a Charitable Gift Annuity


Deferred Charitable Gift Annuities


Using retirement assets to make a gift to Hadassah


Using life insurance to make a gift to Hadassah


Favorite ways to make a gift to Hadassah


Favorite ways to make a gift to Hadassah

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Contact Us

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New York, NY 10005

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P: (888) 303-3640

Membership Questions

E: membership@hadassah.org

P: (800) 664-5646

Donation Questions

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P: (800) 237-1517

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A charitable bequest is one or two sentences in your will or living trust that leave to Hadassah a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Hadassah [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Hadassah or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Hadassah as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Hadassah as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Hadassah where you agree to make a gift to Hadassah and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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