Leaving a Legacy – Options
Your legacy gift of any size can be designed to match your personal and financial circumstances. Here are some suggested ways to leave your legacy:
Charitable Bequest in
Your Will or Trust
Bequests can be made by will or revocable trust and can take a variety of forms, such as a specific amount, a percentage of your estate or a certain asset.
Retained Life Estate
Donate your home and continue living there. Take a tax deduction in the year of the irrevocable gift, live in your home throughout your lifetime and your home will go to the Foundation upon your passing. The proceeds of the sale of your home will be used to create a charitable fund of your choosing.
Life Insurance Policy
You can make charitable gifts of life insurance policies in several ways:
Name the Foundation as a beneficiary of group insurance or individually-owned policies. Donate a policy that has been paid up. The donor names the Foundation as a beneficiary, and also transfers ownership of the policy. Donate a new policy or a partially paid up policy.
Designate as a Beneficiary in an IRA or Insurance Policy
These assets are directed by a separate beneﬁciary designation form, not by your will. Simply request the appropriate form for changing or adding a beneﬁciary and indicate the Jewish Community Foundation of Greater Hartford, Inc. as the beneﬁciary. Our tax ID number is 06-1372107.
Charitable Remainder Trust
You irrevocably transfer cash or property to the trust which creates two interests – an income interest for an individual beneficiary named, and a remainder interest for the Foundation. The income interest can be paid for the life of the beneficiary or for a term of up to 20 years. Upon the death of the income beneficiary, or at the end of the specified term of years, the balance of the trust assets is held by the Foundation in a named endowment fund. Trust payouts are either a fixed percentage of the trust assets or a fixed dollar amount.
Charitable Gift Annuity
A gift annuity is an agreement under which a donor transfers cash or securities to the Foundation in exchange for our promise to pay a fixed amount to the donor and/or another for life. The payout rate is determined by the age of the income beneficiary(ies) and currently ranges from 4.4% for a 60 year old to 9.0% for a ninety year old. The older the beneficiary, the higher the annuity payment.
Every fund starts with personal inspiration.
We steward $152 million in assets comprised of 1,400 funds.*
Foundation funds provide immediate and long-term financial support to help vital community initiatives. *As of 1/31/2021
Values in Action – Fundholders’ Impact
We engage families to explore their shared values and charitable interests. We helped Richard and Cyral Sheldon establish the Sheldon Family Advised Fund. Richard and Cyral’s children, Scott, Sloane...
When the world seems chaotic, Sean White finds solace by looking at a photo of his grandmother making matzah balls. This is Sean’s most treasured memory of Miriam Toubman. More than 30 years...
“Philanthropy allows me to support organizations that share my values, spread the blessings I have been lucky enough to receive, and give back to the communities where I have lived and worked,” says...