Legacy Gifts: Bequests

Through a bequest in your will or trust, you can create a lasting legacy. You can make a gift to the Jewish Community Foundation and continue to support those organizations that have been meaningful to you during your lifetime, without giving up the right to enjoy your assets now. Another benefit of a charitable bequest is that it removes assets from your estate and may reduce any estate tax liability. Your bequest may include a gift of cash, securities, real estate or personal property.

 

A bequest from your estate can detail not only how much will be left to the Foundation, but for what purpose the gift is being made. It can also be given in honor or memory of a loved one and can perpetuate that person's name.

 

 

Sample Language:

Unrestricted Fund

I give (cash of $__) or (specified property) to the Jewish Community Foundation of Greater Kansas City to be held and administered as part of the Foundation's Community Legacy Fund with distributions to be made as part of the Foundation's annual grant process. Distribution shall be made annually in accordance with the Foundation's policies and guidelines.

 

Field of Interest Fund

I give (cash of $__) or (specified property) to the Jewish Community Foundation of Greater Kansas City to be held and administered by the Foundation as the [name of fund] Fund. Distributions shall be made annually in accordance with the Foundation's policies and guidelines. Distributions shall be for the following charitable purpose(s): [Examples: programs to assist Jewish children, immigrant absorption centers in Israel, outreach to interfaith couples, etc.] and shall be subject to the right of the Board of Trustees of the Foundation to alter the foregoing designations in the event that any or all of them shall, by reason of changed condition, become impossible to fulfill, impracticable or undesirable as determined by the Foundation's Board of Trustees.

 

Restricted Endowment Fund for the Benefit of Individual Charities

I give (cash of $__) or (specified property) to the Jewish Community Foundation of Greater Kansas City to be held and administered by the Foundation as a permanently restricted fund for the benefit of the following organization(s): [Examples: Jewish Federation, Congregation ABC, Your University Hillel, etc.] and shall be subject to the right of the Board of Trustees of the Foundation to alter the foregoing designations in the event that any or all of them shall, by reason of changed condition, become impossible to fulfill, impracticable or undesirable as determined by the Foundation's Board of Trustees. Distributions shall be made annually in accordance with the Foundation's policies and guidelines.