FREQUENTLY ASKED QUESTIONS & INFO
WHAT ARE THE BENEFITS OF LEAVING A BEQUEST?
- Create a Legacy – A bequest to JFCS allows you to decide what your legacy will be and what kind of impact you will make on following generations, earmarking help to go to the area of greatest concern to you. Be it special needs children, legal and support services for people with disabilities, home care for frail elderly, or simply for use where most needed, you can make a statement about what is important to you. You can specify that your bequest create an endowment to last in perpetuity or to be used to meet current needs at the time your estate is settled.
- Make a Bigger Impact – A bequest may allow you to make a more sizeable gift than you might be able to consider during your lifetime.
- Honor or Memorialize a Loved One – Use your bequest to establish an endowed Named Fund that carries in perpetuity your name or the name of someone you wish to honor.
- Enhance the Value of Your Estate – Bequests enable you to minimize taxes for your estate and heirs. As with other important financial decisions, please consult legal and financial professionals for advice on how to make choices to maximize the benefits of your estate.
READY TO MAKE A BEQUEST? HERE IS THE LANGUAGE TO USE WHEN YOU ESTABLISH ONE...
Suggested Language for a Will or Codicil:
I hereby give, devise, and bequeath the sum of $_______ (or _____% of my estate) to the Jewish Community Foundation, Inc. (1301 Springdale Rd, Cherry Hill, NJ 08003), to establish the “Name of Donor Endowment Fund.” The JCF is a non-profit corporation organized and operating under the laws of the State of New Jersey, and the EIN for the JCF is 20-1260545.
Five percent (5%) of the total value of the Fund is to be used on an annual basis to make a gift to Samost Jewish Family & Children’s Service.