You may wish to designate the Simon Wiesenthal Center as beneficiary of your retirement plan. When you designate your children or other heirs as beneficiaries, they receive only a small fraction of the plan's value since inherited assets of retirement plans (such as IRA's, 401k's, Keogh Plans and others) are subject to both estate and income tax. You would be making a substantial donation to the Center at a minimum cost to your family with plan assets that would be otherwised subject to tax.
Pooled Income Fund*
A Pooled Income Fund operates as a master charitable remainder trust fund. Your contribution is assigned "units" of participation and is invested jointly. All of the annual income of the fund is distributed proportionately to the number of units you own. The fund is invested to yield the highest rate of return yet with maximum security. The annual income distributions will vary from year to year, depending upon the earnings of the fund.
After your lifetime, or that of the designated life income beneficiary,the remainder interest will vest to the Simon Wiesenthal Center.
Charitable Gift Annuities**
The Charitable Gift Annuity is an agreement between you and the Simon Wiesenthal Center to pay you (or your designated beneficiary) a fixed annuity for life. You can enjoy significant tax benefits while providing a legacy to the Simon Wiesenthal Center.
Merrill Lynch Trust Company will serve as the trustee and fiduciary for the Simon Wiesenthal Center Pooled Income Fund and Gift Annuity Program. Merrill Lynch philanthropic services offers the expertise of professional asset management with a full range of fiduciary services.
For more information, contact:
Rabbi Meyer H. May