Planned Giving lets you sustain our school while satisfying your own financial goals. Through Planned Giving, donors may find that they are able to make a more generous gift to Barrack while receiving financial benefits such as increased current income, tax savings, avoidance of capital gains tax, and reduced estate settlement costs.
Every gift made to Barrack is tax-deductible to the full extent of the law. As you consider your planned giving options, we appreciate your keeping us in mind.
For more information, please contact our Institutional Advancement Department.
Planned giving options include:
Appreciated Stocks or Securities
Gifts of stocks or mutual fund shares provide immediate support to the school. Donors may realize substantial tax savings by transferring appreciated stock or securities to the school prior to the sale. Capital gains on the amount of appreciation may be avoided.
Gifts of real estate including personal residences, vacation homes, commercial properties and unimproved land may provide exceptional tax benefits for the donors while providing support for the school. If the ownership of the unencumbered real estate is transferred to Jack M. Barrack Hebrew Academy prior to its sale, the donor will likely avoid the capital gains tax associated with that appreciation.
You have several ways to fund a major gift to Barrack with a new or existing life insurance policy at a relatively small cost. This option offers valuable tax deductions and may let you make a larger gift than you might have been able to otherwise.
A bequest is a provision in your will to make a gift to Barrack. Please notify us if you have already included our school in your estate plans or are considering doing so.