The Menorah Society is an honorary society of donors who have made a commitment to ensure the future of Congregation Beth Ahm by including their synagogue in their estate and financial plan.
Jewish tradition teaches, “As my parents planted for me before I was born, so do I plant for those who will come after me.” A legacy gift through the Menorah Society will preserve and perpetuate the spiritual lives of our children, grandchildren, and great grandchildren.
Menorah Society members are recognized as donors to the Our Home – Our Future campaign and will be honored as members of this sacred society.
A legacy gift empowers you to give tzedakkah to your synagogue in a way that has a minimal impact on your current living expenses. There can also be tax advantages and lifetime income potential. Best of all, creating your legacy at Beth Ahm is easy. The giving opportunities below can help you achieve your philanthropic goals. Contact David Goodman at 248-851-6880 or firstname.lastname@example.org to learn more.
Congregation Beth Ahm is a 501(c)(3) non-profit organization.
Bequests & Wills
The simplest way to create a legacy at Beth Ahm is through a bequest. In your will or estate plan, you can designate a specific amount of money or percentage of your estate. Upon your passing, Beth Ahm receives the benefit of your bequest and your estate receives a tax deduction in the amount of the bequest. There is no minimum or maximum amount that you can bequeath and you retain control over your assets during your lifetime.
You can name Congregation Beth Ahm as a beneficiary of your IRA, 401k or other qualified retirement plan. All you have to do is file a change of beneficiary form defining the amount or percentage of the retirement account that you want to gift to Beth Ahm. Like a bequest, Beth Ahm receives the benefit upon your passing and your estate receives a tax deduction. Unlike a bequest, a gift from your retirement account can avoid costly taxes, especially if your retirement account has substantial gains.
The gift of a new or existing policy is an inexpensive way to create your legacy and receive an immediate tax benefit. You can gift an existing policy, or a portion of it, by completing a form identifying Beth Ahm as the policy owner or beneficiary. New policies, with Beth Ahm listed as the owner or beneficiary, are a cost effective method of providing a long lasting benefit.
Charitable Gift Annuities
A charitable gift annuity is a contract between you and Beth Ahm that provides you with an income stream in exchange for your gift of cash or securities. The amount of the annual income stream and the tax benefit of your gift is based on your age. Charitable gift annuities are very common because of their income and tax benefits. A charitable gift annuity can be administered by any major bank or investment firm.
Charitable Remainder Trust
A charitable remainder trust is a creative way to receive income and avoid future taxes. After placing your assets in the charitable remainder trust, you will receive income for the term of the trust and upon your passing, the assets are transferred to Beth Ahm.