Insure Your Legacy With the Shared Premium Program

Never thought you could be a $1 million donor? Think again…

Life insurance is a unique and important charitable gift planning tool for individuals looking to create a lasting, significant legacy in the community.

How It Works

You pay first five years of your life insurance premium.

Jewish Community Foundation pays the next five years.

Your legacy is created.

How the Program Helps You

  • Create a powerful, significant and guaranteed endowment in the community at a modest, tax-deductible out-of-pocket expense.
  • Leave a lasting impact on the Jewish community—ensuring your name, legacy and values live on.
  • Continue contributions forever, without disrupting current estate or retirement plans, or reducing bequests to loved ones.
  • Direct a percentage of your endowment to support specific causes and priorities in the Jewish community that you feel passionate about.
Breaking Down the Costs
$1,000,000 Life Insurance Policy Carrier Guaranteed 1 for your lifetime Rates are for Male, Non-smokers in Very Good health
50% Match Program (33% Tax Bracket)
Age Annual Gift (5 Years) Total Payment Total After-tax cost
1All guarantees are backed by the financial strength of the investment grade issuing life insurance carrier.
2Income tax bracket assumed to be 33%.
3Rates for females are lower.
45 $16,500 $82,500 $55,275
61 $33,000 $165,000 $110,550
66 $42,000 $210,000 $140,700
70 $50,500 $252,500 $169,175
75 $65,000 $325,000 $217,750
80 $88,000 $440,000 $294,800
85 $125,000 $625,000 $418,750

The Fine Print

  • Premiums are tax-deductible.
  • Jewish Federation of Palm Beach County will be the owner and beneficiary of the policy.
  • Both the premiums and death benefit are carrier guaranteed.
  • All values, premium amount, duration, and face amount are carrier guaranteed for insured’s life.
  • Only very substantial, investment-grade carriers will be accepted.
  • Shared Premium Program applies to policies with a benefit of $250,000 - $1,000,000.

Contact the Jewish Community Foundation at 561-242-6639 or jcf@jewishpalmbeach.org.