Your Legacy Giving Options
There are many rewarding ways to fund a planned gift:
Leaving a Bequest
Leaving a bequest in your Will is the most popular and easiest way to make a planned gift. It has little or no effect on your current finances and significantly reduces the taxes payable by your estate. Your gift can be made as a cash lump sum, a donation of a specific asset or a residual amount of your estate after other bequests have been paid.
A charitable bequest is a gift specified in your Will. It can be a certain sum of money, a particular asset, or a portion of your estate.
Making a bequest to Jewish Family Services (JFS) is easy to do when you make or revise your Will. Your gift may be used to, provide programs and services such as Counselling, Home Support and Food Security for JFS clients.
We encourage individuals to seek advice from their professional advisors when preparing a gift to JFS. The information we provide is for your benefit, as well as that of your advisor and is intended to supplement legal or financial advice.
Your bequest is a statement of what is important to you and it creates a legacy of caring for the future needs of our community in British Columbia. It also allows flexibility in planning your financial affairs because the gift is not received until the end of your lifetime.
A bequest made to JFS generates a tax credit that offsets the tax otherwise payable. From January 1, of any given year, these credits may be used in personal or estate returns and may result in significant income tax savings with a corresponding increase in your net estate.
JFS makes every effort to ensure your legacy gift is used as directed by your Will. Please contact us to discuss language for your Will and request sample Will clauses. Please share the suggested Will clauses with your legal advisor when your Will is being prepared. Any information that you share with us will be kept in confidence.
> Here are some suggested Will Clauses to use.
*Please note that the information provided is general in nature. We encourage that you contact and consult your own legal and financial counsel in the development of your own financial estate plans.
Establishing an Endowment Fund
Give a gift in perpetuity by establishing a Family Fund with JFS. Managed through the Jewish Community Foundation, the interest generated by the fund is used to support a program or service of your choice.
If you have any questions, please contact our Development Team at [email protected]