Simple Charitable Bequest
You can create a permanent legacy by leaving a bequest.
A charitable bequest allows you to retain use and control over your assets during your lifetime.
A bequest is a legacy gift, distributed from the donor’s estate after the end of his or her life.
If not designated to create an endowment fund it can be spent by the beneficiary in the year that it is received. Gone in the year it is given….
An endowment is a fund that is held in perpetuity, distributing a specified percentage annually to the designated purpose. Designed to keep on giving….
You may choose to make a gift of cash, securities or other property--and your estate will receive a tax deduction in the amount of your charitable bequest.
> Leave a bequest of a specific amount of cash
> Leave a bequest of a percentage of your estate
> Leave a bequest of the remainder of your estate
There's no limit on the amount you may set aside from your estate--you can make a gift as large or small as you'd like.
An endowment can be established by a bequest in a will or during the donor's life.
Download sample language for "A Simple Charitable Bequest Through The Foundation."
Download sample language for "Funds Designated Directly To A Specific Jewish Organization."
The Jewish Community Foundation of Northeast Florida does not provide tax or legal advice. Please consult your advisor to determine the best option for you.
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Create A Jewish Legacy Jacksonville is sponsored and presented by the Jewish Community Foundation of Northeast Florida and is a pilot program of the JFNA. It is a collaborative effort of our area synagogues and Jewish agencies.