Leaving a Legacy (CAJE Endowment)

The Center for the Advancement of Jewish Education (CAJE) is pleased to announce the beginning of a true Legacy Program in order to "Ensure Our Jewish Future" with the roll-out of a long-awaited endowment program.  The primary reason for creating an endowment is to support the mission of CAJE beyond the lifetime of the investor(s).  The endowment must be structured in the most appropriate manner to obtain the maximum benefit for both the investor(s) and CAJE.  Leaving a Legacy to CAJE will enable us to advance our mission, provide opportunities to expand our programs and activities and ensure that CAJE will continue to exist for the Jewish Community in Miami tomorrow and beyond. 

Beginning in the fiscal year 2010/2011, CAJE will offer several types of endowment vehicles to its investors, such as:

  • Life Insurance – Life insurance is the optimal choice for investors under the age of 60. Life insurance enables an investor to continue to make present gifts and eventually create a legacy that might not otherwise be possible. CAJE is both the owner and beneficiary of the insurance policy per CAJE's Life Insurance Program.
  • Transfer of Securities – The transfer of securities to CAJE is an extremly smart option for investors of all ages who wish to avoid paying captial gains tax.
  • Individual Retirement Accounts (IRAs) – IRA's are an excellent choice for all investors. Upon the investor’s passing, CAJE (as beneficiary) would receive the funds tax-free.
  • Charitable Gift Annuities (CGAs) – CGA's are an excellent choice for investors over the age of 70 with funds to invest. CGAs provide specific tax advantages and provide a high rate of guaranteed retirement income (e.g., a 70 year old would earn 5.7% guaranteed for life and a 75 year old would earn 6.3% for life).
  • Bequest By Will – Bequests are an excellent choice for all investors.  An investor's income stream is not compromised during the investor’s lifetime. CAJE receives funds at the time of the investor’s passing.
  • Charitable Trusts – Split-interest trusts structured during the investor’s lifetime. These types of trusts are irrevocable and have significant tax advantages.  Such trusts become a part of the investor's estate plan.

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