In addition to supporting Temple Shalom’s mission, a planned gift can provide you with substantial tax advantages, especially on gifts of stocks and real estate. The total income, estate, and capital gains tax savings and the probate expense savings can come close to the amount transferred.
The benefits include:
Income Tax Deductions
Reduced Capital Gains Taxes
Reduced Estate Tax
We invite you to direct your gift where it’s needed most, supporting a range of vital programs and initiatives that strengthen our community and foster meaningful connections.
Online Donation Portal
Our online donation portal makes inputting your payment information easy, quick, and secure. Choose from a number of payment options including credit/debit cards, or bank transfers.
For detailed instructions of how to set up payments, click here.
Mail a Check
Write a check to: Temple Shalom
and send it to:
175 Temple Street
Newton, MA 02465
Attn: Development
Stock Transfer
Temple Shalom of Newton maintains an account with Fidelity Investments. Usually, our congregants will give information to their financial institutions who will initiate the transfer using this information. Please reach out to Lovelynn Ivey at livey@templeshalom.org for stock transfer information.
Securities or Property
Usually, donors send a letter to their financial advisor or institution to initiate a transfer.
Click here for a sample letter
We ask that you send a copy of this letter to Scott Shore, our Financial and Administrative Coordinator, at sshore@templeshalom.org . This lets us know to expect a transfer and how you want the donation to be applied.
Legacy Gift
Leave a legacy that will continue to make an impact long after you're gone!
Naming Temple Shalom as a beneficiary of your estate is just one of the ways you can leave a lasting mark and will help to secure our community for future generations.
A simple bequest in your will or trust
Bequest (via will or trust): You can name Temple Shalom in your will (or trust) as a beneficiary for a specified amount or for a percentage of your estate. Any charitable gift should be eligible for an estate tax deduction.
Sample Bequest Language:
“I give, devise, and bequeath [the sum of __________ dollars][all or ______________ percent of the rest, remainder and residue of my estate of every kind and description (including lapsed legacies and devises)] to Temple Shalom of Newton, 175 Temple Street, Newton, MA 02465, for its general purpose and use.”
PLEASE NOTE: The language above is only suggested and is meant to be used with advice of your attorney.
A new or existing life insurance
Life Insurance Beneficiary Designation: You can name Temple Shalom as a beneficiary of a specified amount or percentage of the proceeds of any life insurance you own or control. You may even specify Temple Shalom as a beneficiary of your group life insurance. Any proceeds will go directly to the Temple and should provide an estate tax deduction.
Gift of Life Insurance Policy: You may transfer an existing life insurance policy to Temple Shalom while you are still alive. The current cash value of the policy may be a tax-deductible gift based upon the IRS guidelines. You and Temple Shalom may arrange a program whereby you continue to make contributions sufficient to pay the ongoing insurance premiums. Any such ongoing contribution should qualify for an additional income tax deduction. As long as the policy is maintained, the proceeds will ultimately go to the Temple, free of income tax.
All or a portion of your Individual Retirement Account (IRA)
Retirement Plan Beneficiary Designation: As with life insurance, you can name Temple Shalom as a beneficiary of your retirement plan(s), including any IRA or qualified plan (such as a pension plan or 401(k)). The specified amount (or percentage) will be paid directly to Temple Shalom of Newton and should not be subject to either income or estate taxes.
