Your Charitable Legacy

We all enter a time in our life when we need to have documents in place for the distribution of those possessions and assets that we have accumulated over a lifetime. This is best accomplished by having a will or trust that is the roadmap for this distribution. More than you may realize, your will or trust also tells the story of your life and values.

Understandably, you will leave assets to loved ones. But what else defined your life and the values you are hopefully imparting to your next generation? These values are often demonstrated by the organizations and causes you supported during your lifetime, such as The Jewish Community Housing Corporation of Metropolitan New Jersey (JCHC).

As you put in place those documents that will tell your life story as well as distribute your possessions, please consider a gift to The JCHC so that we can continue to have the positive impact on the next generations of those we serve.

A gift to The JCHC in your will or trust gives you maximum flexibility. Flexible – Assets remain in your control during your lifetime should you need them. Also, you can make your gift conditional on another event, such as if your spouse does not survive you. Easy to arrange – If you don’t already have a will, you should consult legal counsel to prepare a will for you. If you already have a will, a simple amendment (called a codicil) can be used to add a gift to The Jewish Community Housing Corporation of Metropolitan New Jersey. Revocable – A gift designation can be changed in the future. Possible tax savings – If your estate is subject to federal estate taxes, your gift to The Jewish Community Housing Corporation of Metropolitan New Jersey will qualify for an estate tax charitable deduction.

Select the type of gift for your will or trust that works best with your estate plan. There are various types of estate gifts. Determine which works best for you.

General – for a certain dollar amount: “the sum of $25,000” or a percentage of your estate: “20% (twenty percent) of my estate”

Specific – a particular asset: “1,000 shares of XYZ stock,” or “my real estate located at 1234 Main Street”

Residual – a gift of the remainder of your estate, after all other distributions and administration expenses have been paid: “fifty percent of the rest of my estate”

Contingent bequest – under certain conditions: “in the event my spouse does not survive me”

Unrestricted bequest – where the need is greatest at the Jewish Community Housing Corporation of Metropolitan New Jersey

Restricted bequest – for a specific program or initiative (please contact us to ensure your gift will have the desired impact)

If you would like to consider remembering JCHC in your will or estate plans, please contact Alan Grossman, Director of Development, at 973-530-3966 or email at alang@jchcorp.org