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Selma G. Brown has always been generous to our Jewish community. Together, with her late husband Jake, the Browns created endowments at Richmond Jewish Foundation to support senior programs at the Weinstein JCC, a lecture series at VCU, and the JCFR annual campaign.
Recently the Virginia Holocaust Museum called the Richmond Jewish Foundation offices about a donor who wanted information about a gift annuity. Richmond Jewish Foundation serves as the planned giving arm of our community and manages the Virginia Holocaust Museum's endowed assets. Unbeknownst to us at the time, this generous donor was Selma.
After speaking with Selma's advisor, Richmond Jewish Foundation created a charitable planning illustration that showed the benefits of creating a charitable gift annuity. Selma was pleased to discover that she would receive a good quarterly payout that was significantly higher than current CD rates, that there would be a charitable tax deduction and that part of the income would be tax free. Most importantly, Selma was pleased to know that her charitable wishes would be fulfilled with the creation of a new endowment that would provide an annual gift to the Virginia Holocaust Museum forever.
Fulfilling the gift was easy. Selma transferred some appreciated stock to create the charitable gift annuity. Said Selma, "I was delighted with the fixed payment I would receive quarterly. My CPA and I were pleased that my charitable deduction may reduce my taxes this year, and now I don't have to concern myself with the stock market's fluctuations. The gift to the Virginia Holocaust Museum is secure and that gives me peace of mind."
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