Planned Giving
Leave a Legacy
No matter what the size of your estate, you can ensure that JFS is able to meet the needs of our community today and for many tomorrows to come. Planned giving helps to strengthen the JFS “Family” and may also provide you with significant tax advantages.
The most common form of planned giving is a bequest in your will specifying a gift to JFS. A bequest allows you flexibility and control over your legacy, and for some donors, it means a portion of your assets will go directly to a cause you care about rather than to the government in the form of taxes. If you already have a will, you may be able to make your gift by preparing a codicil (a brief written amendment) to your will, with the help of your estate-planning attorney.
Another method of planned giving is to contribute funds from a retirement plan such as an IRA or 401(k). This method usually offers the greatest income tax savings (and perhaps estate tax savings when you direct that the gift be made from your estate).
Life insurance is another source for charitable giving, one that is often overlooked by donors. This is done by transferring ownership of a life insurance policy to JFS or simply changing the policy’s beneficiary designation to JFS for some or all of the policy’s proceeds. This type of gift is particularly popular with donors who have policies that are no longer needed to provide for their families. It is also an attractive way to give if you want to provide significant support for JFS but are unable to make a large outright donation.
Remember: You should always involve your attorney and/or other advisors in your estate planning.
To learn more about your planned giving options or other ways to support JFS, please contact us. If you have already made arrangements for a planned gift to JFS, please let us know so that we can thank you!
Jewish Family Service is a 501(c)(3) organization. Contributions are deductible under section 170 of the IRS Code.
Thank You For Signing Your Letter of Intent!
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Bequests
A bequest may express your special interests, such as to endow a specific JFS program or service. The following suggested language may help you and your attorney when drawing up a bequest. By incorporating language such as this into your estate plan or planned gift, you ensure that a permanent endowment fund for the benefit of Jewish Family Service will provide for future generations. Please let us know your intentions to name JFS as a beneficiary so that we can acknowledge your generosity.
If you intend to make an outright bequest for a specific purpose, such as to support or to establish a program to meet an existing or future need:
“I give and bequeath (dollar amount or description of asset) to Jewish Family Service of Greater Harrisburg, Inc. (JFS), a Pennsylvania nonprofit corporation, specifically for addition to or to establish the (Name of Fund) as an endowment fund.”
It is recommended that the following paragraph be added if the bequest is for a restricted purpose:
“If, in the opinion of the Board of Trustees of Jewish Family Service, it should become impossible, inadvisable, or impractical to use this gift for the specified purpose(s), then the Board may in its discretion use the gift for other purposes, keeping in mind my original wishes. In any such alternative application, the support provided by this bequest shall be clearly identified with my name.”
If you intend to leave the residue portion of your assets after other terms of your will have been satisfied:
“All the rest, residual and remainder of my Estate, of whatsoever nature and wheresoever situate, including that over which I have a Power of Attorney, I give, devise, and bequeath to Jewish Family Service of Greater Harrisburg, Inc. (JFS), a Pennsylvania nonprofit corporation, specifically for addition to or to establish the (Name of Fund) as an endowment fund.”
If you intend to name JFS as your beneficiary for insurance policies and qualified retirement funds:
If you wish to make a contingency gift, so that JFS will receive a portion of your estate if your named beneficiary does not survive you:
If you intend to make an outright bequest of cash, securities, or other property by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate to JFS to be used for its general purposes:
Bequests are vital to the future of Jewish Family Service. When JFS is named in a will or other estate planning instrument, we always appreciate receiving a copy of the relevant portion of the document. Copies may be sent to:
Steven Schauder, CEO
Jewish Family Service
3333 N. Front Street
Harrisburg, PA 17110
When you inform Jewish Family Service of your gift, you are helping us plan for the years ahead. In addition, you give us an opportunity to express our sincere appreciation. For further information or if you have questions about the proper designation of a bequest, please contact us
