Planned Giving
leaving a
legacy
A well-designed planned gift affects the yeshiva for years to come,
benefiting you, your heirs and Missouri Torah Institute.
Generous lifetime donors with large or small estates may overlook charitable opportunities as part of estate planning, but you can continue your support of Missouri Torah Institute while providing for your loved ones.
Your estate is entitled to an unlimited estate tax charitable deduction for bequests to qualified charitable organizations. Through your estate, you can ensure MTI has the financial resources it needs to transform lives by offering an extraordinary, yet accessible Torah education to future generations of students.
There are many planned giving options, some offering guaranteed lifetime income,
some letting you keep your assets now while having an enduring impact tomorrow.
Whichever you choose, please contact our gift planning staff for assistance and
additional information regarding minimum requirements to fund Jewish education
for our youth enabling a bright future for the Jewish people.
Ways to Make a LEGACY GIFT
Bequests
Charitable Gift
Annuities
Retirement Funds
IRA Charitable
Rollover
Life Insurance
Charitable
Remainder Trusts
Charitable
Lead Trusts
Gifts of Retained
Life Interests in
Real Estate
Bequests
By naming the Missouri Torah Institute in your will, you keep absolute control of your assets during your lifetime, yet still have a lasting impact on MTI and generations of students to come. We would be pleased to provide you or your attorney with sample language to help you achieve your goals.
Charitable Gift Annuities
Through charitable gift annuities, you can convert cash or appreciated securities into guaranteed income for life, gaining financial security while making a significant gift to MTI. You may receive income immediately upon setting up a charitable gift annuity or defer the income, perhaps until your anticipated retirement age, significantly raising the annuity payments and tax deduction.
Retirement Funds
Because special tax considerations apply to retirement plan benefits, they are a good choice for charitable bequests. Simply name the Missouri Torah Institute as the beneficiary of your IRA, 401K or other qualified plans. After your lifetime, the residue of your plan passes to MTI tax free.
IRA CHARITABLE ROLLOVER
If you are 70½ years old or older, you can take advantage of the IRA Charitable Rollover and provide a gift up to $100,000 from your IRA directly to the Missouri Torah Institute 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 all or part of that requirement.
Life Insurance
By irrevocably assigning an insurance policy to the Missouri Torah Institute, it becomes owner and beneficiary, while you receive an immediate charitable tax deduction for the policy. Or, by purchasing a new policy specifically for MTI, you receive an annual charitable income-tax deduction for payment of the policy premiums.
Another option is to make Missouri Torah Institute the primary beneficiary. You retain ownership of the policy and have access to its cash value, but receive no charitable tax deduction.
Charitable Remainder Trusts
In a charitable remainder trust, you transfer assets to a trustee who pays income for life. You will receive an immediate charitable income-tax deduction based on your age, the amount of the income interest and the federal midterm rate. Upon death, the remainder of the trust benefits Missouri Torah Institute.
Charitable Lead Trusts
A charitable lead trust, which pays income to the Missouri Torah Institute for a term of years or your lifetime, is an excellent way to reduce estate and gift taxes while making a significant gift to benefit MTI. Plus, you still retain the principal in trust for heirs.
Gifts of Retained Life Interests in Real Estate
By transferring the ownership of a personal residence or other property to the Missouri Torah Institute (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.
We recommend you consult your tax advisor to see if any of these options make sense for you.
For a more detailed description and illustration of potential tax benefits of any of these options, contact Rabbi Shmuel Wasser, Rosh Yeshiva and director of gift planning at 636.778.1896 ext 103 or click here to email Rabbi Wasser.