Caring for Generations
 
 
 
 
 

Remembering JF&CS in your will or trust is a wonderful way for you to make a lasting gift. Large or small, your bequest will make an important contribution to our long-term strength and the sustainability of our programs. 

By means of your will, trust, or other estate plan you can:

  • Name JF&CS to receive a percentage of your estate.
  • Leave JF&CS a specific dollar amount.
  • Retain full control and use of your assets during your lifetime.
  • Modify your bequest if your circumstances change.
Bequest Language

The following is intended to help you and your attorney in drafting a bequest that satisfies your interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Jewish Family & Children’s Service, be sure our organization’s correct legal name appears in all final documents as:

“Jewish Family & Children’s Service, 1430 Main Street, Waltham, MA 02451, a Masschusetts nonprofit corporation, or its successor, Federal Tax Identification Number: 04-2104356.”

General Bequest of a stated sum of money may be worded:

“I give to Jewish Family & Children’s Service, 1430 Main Street, Waltham, MA 02451, a Masschusetts nonprofit corporation, or its successor, Federal Tax Identification Number 04-2104356 [insert here the exact dollar amount].”

Specific Bequest of a certain asset from your estate may be worded:

“I give to Jewish Family & Children’s Service, 1430 Main Street, Waltham, MA 02451, a Masschusetts nonprofit corporation, or its successor, Federal Tax Identification Number 04-2104356, [insert here a description of the particular property].”

Residuary Bequest, after other bequests and expenses have been paid, may be worded:

“I give to Jewish Family & Children’s Service, 1430 Main Street, Waltham, MA 02451, a Masschusetts nonprofit corporation, or its successor, Federal Tax Identification Number 04-2104356, all [or a portion] of the rest, residue and remainder of my estate.”

Contingent Bequest if the person making the will is not survived by certain individuals:

“If [name/s of primary beneficiary/ies] do/es not survive me, or shall die within ninety (90) days from the date of my death, or as a result of a common disaster, then I give to Jewish Family & Children’s Service, 1430 Main Street, Waltham, MA 02451, a Masschusetts nonprofit corporation, or its successor, Federal Tax Identification Number 04-2104356,  [insert here the exact dollar amount, description of property, or percentage of residual estate].”

Learn More

Remembering Jewish Family & Children’s Service in your will is a wonderful way for you to make a lasting gift. Large or small, your bequest will make an important contribution to our long-term strength and our ability to carry on with our activities.

But what if you don't have a will or living trust? You are not alone. Most Americans don’t have a will.

Without a will, the laws of your state will decide how your estate is divided. Typically, the probate court will divide your estate among your closest surviving family members according to a formula, and none of your estate can go to Jewish Family & Children’s Service or any other charity. If you wish to have a say in how your estate is distributed, you must have a will or living trust. We encourage you to work with an experienced attorney to create a will or living trust that accomplishes your goals for your estate.

Ways you can define a charitable gift in your estate plan
There are several ways that you can define the amount of your charitable gift to Jewish Family & Children’s Service. They are:

  • A gift of a particular amount of money. For example, you give $25,000.
  • A gift of a specific item or items. For example, you give 1,000 shares of ABC Corporation.
  • A gift that will be made only if one or more conditions are met. For example, you give $25,000 provided we still offer a particular program or service, or your spouse does not survive you.
  • A gift that will be made from the remainder of your estate once all other bequests, debts, and taxes have been paid. For example, you give 25% of the remainder of your estate. Often called a "residuary bequest," this approach assures that your family will be taken care of before your estate makes a bequest to us.  

Ways to specify how we may use your bequest
You have several options for telling Jewish Family & Children’s Service how we may use your bequest once we receive it. They are:

  • An unrestricted bequest – This is a gift for our general purposes. This can be the most useful kind of gift because it allows us to put your gift to the best possible use at the time we receive it.
  • A restricted bequest – This is a gift for a specific use, such as a special project or program that is important to you. It is best for you to consult with us before placing restrictions on your bequest to be sure we can carry out your wishes.
  • An endowed bequest – This is a gift where our organization invests your donation along with the rest of our endowment. We distribute these funds in accordance with our endowment spending policy. This approach assures that your gift will continue to benefit us long after you're gone. An endowed bequest can be restricted or unrestricted.
  • An honorary bequest – This is a gift made in honor of someone else. Any form of bequest can also be an honorary bequest. We would be pleased to recognize the people you wish to honor with your gift.

Make sure we can carry out your wishes
It is very important that your bequest be accurately and clearly described in your estate plan so that we can carry out your wishes as you intended. We are pleased to consult with you regarding the terms of your bequest to make sure that we will be able to carry out your intentions. In order to avoid any possible question that your bequest is to our organization, be sure to include our full legal name and our federal tax identification number in your bequest.

Legal name: Jewish Family & Children’s Service

Current Address: 1430 Main Street, Waltham, MA 02451

Tax identification number: 04-2104356
    
You have complete flexibility to change your bequest at any time. If circumstances change in a way that makes you want to revise your gift to us, you can.

Tax benefits
Because your bequest is revocable, you do not receive an income tax charitable deduction when you create it. Rather, your estate will receive an estate tax deduction for the full value of your bequest in the year it is made. Depending on a variety of factors, including the size of your estate and estate tax law at the time your estate is settled, this deduction may or may not save estate taxes.

Bequest alternatives
In addition to adding bequest language to your will, here are a few other simple ways for you to make a bequest to us:

  • Make Jewish Family & Children’s Service a designated beneficiary of a life insurance policy.
  • Make Jewish Family & Children’s Service a designated beneficiary of an IRA or other retirement plan.
  • Make Jewish Family & Children’s Service a designated beneficiary of savings bonds.
  • Instruct your bank to "pay on death" to Jewish Family & Children’s Service some or all of a specific bank account.
  • Instruct your brokerage firm to "transfer on death" to Jewish Family & Children’s Service some or all of a specific brokerage or other financial account.

Please let us know if you have included Jewish Family & Children’s Service in your estate plans. We would welcome the opportunity to thank you for your thoughtful gift and to confirm that we can carry out your wishes.

Example

Dorothy Turner, a widow, has been a supporter of Jewish Family & Children’s Service for many years. Dorothy is in good health now, but does not want to be a financial burden to her children should she require expensive health care in the future.

Jewish Family & Children’s Service is one of two charities to which she has been most dedicated. She would like to make a lasting gift to each of them in memory of her husband. After discussing her options with her estate planning advisor, she decides to create a residuary bequest in her will for each of her two favorite charities. Each charity will receive 50% of the remainder of her estate after all other obligations, such as taxes and bequests to her children and grandchildren, have been taken care of.

Benefits

  • Dorothy’s assets will remain available to her should she need them.
  • The revocable nature of her gift will minimize the possibility that she will ever need financial help from her children.
  • If her estate is worth what she expects when it is settled, she will be able to provide generous legacy gifts to the two charities that have meant the most to her and her late husband.
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