Gifts That Reduce Your Taxes

Gifts That Reduce Your Taxes

Here are some ways to reduce your taxes while strengthening Jewish identity through the Tidewater Jewish Foundation.

Life insurance policy gift: Do you have a life insurance policy that has outlasted its original purpose? If so, you can reduce your taxes and perpetuate the Jewish traditions and values you cherish by transferring ownership of a policy or naming the Tidewater Jewish Foundation as a beneficiary of all or a portion of a policy.

Benefits to you:

  • Reduce your income taxes.
  • Receive additional tax deductions by making annual gifts so the Tidewater Jewish Foundation can pay the premiums if the policy is retained to maturity.
  • See firsthand how your gift supports our work if the Tidewater Jewish Foundation cashes in the policy.
  • Create your legacy of Jewish values and traditions.

If the Tidewater Jewish Foundation retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the Tidewater Jewish Foundation.


Gifts of securities: Stocks, bonds, and mutual funds that have appreciated in value are among the best ways to support the Tidewater Jewish Foundation. You may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock.

Please contact Scott Kaplan, President and CEO, at 757.965.6109 or skaplan@ujft.org.