PACE Funds
Should your charitable legacy extend beyond your lifetime?
Have you considered how you could help those in need and enrich Jewish life into the future?
Would you like your annual contribution to The Champaign-Urbana Jewish Federation Annual Campaign to be sustained in perpetuity?
At A Glance - Perpetual Annual Campaign Endowments
- Enables your gift to The Champaign-Urbana Jewish Federation Annual Campaign to be made in perpetuity in your name or in the name of a loved one
- May be structured in a variety of innovative ways
- Offers tax benefits for you and/or your estate
- A Perpetual Annual Campaign Endowment (PACE) is a permanent fund endowing your Annual Campaign gift—a lasting legacy that will continue to make an annual gift to The Champaign-Urbana Jewish Fedration Annual Campaign
You may create a PACE fund through a variety of vehicles during your life or in your estate. Among the ways to establish a PACE fund are:
- Gift of cash or other assets
- Bequest or trust distribution
- Gift of life insurance
- Gift of IRA or pension plans
- Charitable life income plan - A charitable remainder trust offers life income payments and a current tax deduction. The remainder of the trust can be used to create a PACE fund.
To estimate the amount you need to fully endow your campaign gift, multiply your current annual gift by thirty-three. Alternatively, you may endow a portion of your gift by establishing a PACE fund with a lesser amount, perhaps building up the fund through subsequent contributions. The minimum contribution for a PACE fund is $18,000 starting in January 2024.
For more information, contact Ma’ayan Weinberg at 217-367-9872 or cujf@cujf.org