Case for Planned Giving

The Case for Planned Giving

History:
Temple Solel, the Pathfinder Congregation was formed in 1966 by a group of 12 individuals living in the greater Phoenix area.  This group shared a vision of a congregation committed to worship and education, while remaining a warm and personal community.  The congregation has occupied its present location in Paradise Valley since the early 1980’s.
With unprecedented congregational growth, both in raw numbers and congregant involvement, the congregation began a strategic planning process to guide its growth in a planful way for the future.  Among those things considered were staffing needs both short and long term, space needs for the immediate future and the examination of building needs for the longer term.
The congregation launched an endowment effort in 2009 and has achieved $1.3 million dollars in its fund.  Since 2012, the endowment effort is now administered by the Temple Solel Endowment Foundation, a separate 501(c)(3) corporation.

Strategy:
The strategic effort is to achieve $10 million dollars in the fund.
While present operations are met through a combination of dues, annual fund raising and donations, Temple Solel will be better served in the future by continuing to focus its effort on Endowment.  Continued success in raising Endowment Funds creates long term financial stability and/or supports other programs and services.

Giving Opportunities:
Endowment gifts can be made to Temple Solel’s general Endowment Fund or to a Named Fund.  There are multiple methods to make a Planned Gift as described below.
For a further confidential discussion of Endowment options, please arrange an appointment with a member of the Temple Solel Endowment Foundation through Peter Pishko, Executive Director at 480.991.7414 or ppishko@templesolel.org.

Methods for Planned Giving
 Gift of Cash

  • Immediate income tax deduction
  • Flexible pledge terms
  • See the impact of your gift during your lifetime

Bequest in your Will:

  • Exempt from federal estate tax
  • One of the easiest ways to leave a legacy

Gift of Life Insurance

  • Allows you to make a present, rather than a future gift
  • Affordable, especially for younger donors

Gift of Securities

  • Immediate deduction of fair market value and may reduce capital gains tax

Charitable Remainder Trust

  • An irrevocable trust that provides a current income tax deduction while producing income to the donor for a term or life
  • Upon termination, the remainder of the trust goes to the charitable organization

Charitable Lead Trust

  • An irrevocable trust designed to currently benefit a charitable organization
  • Upon termination, the remainder of the trust generally goes to the grantor’s family

Donation of Retirement Plan Assets

  • During life and at death
  • Allows for contributions from retirement accounts (e.g. – traditional IRA’s, 401(k)s, etc.)
  • Contributions may minimize current income taxation and/or estate taxation

Each type of planned gift has its benefits and we strongly suggest you consult with your tax advisor to determine which methodology best fits your circumstances.

Click Here for the Declaration of Intent