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Please consider a gift through your will to Richmond Jewish Foundation. Our tax identification number is 54-1623966.
Ask your attorney how you can leave the Richmond Jewish Foundation a bequest in one of the following ways:
- A particular percentage
- A specific dollar amount
- An item of personal property
- A parcel of real property
BEQUEST - A gift of personal property contained in a will.
Such property may include cash, stocks, bonds, mutual fund,
land or other assets. It is regarded as synonymous with legacy.
- source Barron's Law Dictionary 2nd Edition |
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Sample Legacy Language
• General Bequest
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation to be used in support of its general charitable purposes."
• Bequest to Establish a Field of Interest Endowment
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used to create the [name of family or loved one] Fund, a field of interest endowment fund, the income of which is to be paid for ______________ (you may choose one of the following or another field of interest: Jewish education, elderly, Israel, tolerance and community relations, arts and culture, or social services).
• Bequest to Be Used for the Genesis Fund
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used in support of the Genesis Fund and to support its charitable purposes." • Bequest to Be Used in Richmond "I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used in support of its charitable purposes in the Richmond area."
• Bequest Benefiting a Specific Foundation Program or Activity
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used by it for... (e.g., Foundation annual meeting speaker sponsorship, endowment challenge grant, tax and legal seminar, marketing or newsletter support, technology, Jewish Foundation operations,)."
• Bequest Benefiting a Specific Local Agency or Congregation
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used by it for... (Congregation Beth Ahabah, Temple Beth El, Beth Sholom Campus, Jewish Community Federation of Richmond, Jewish Family Services, Rudlin Torah Academy, Virginia Holocaust Museum, Weinstein Jewish Community Center, etc)."
• Bequest Benefiting a Specific Community Program or Activity
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used by it for... (educational scholarships; social work counseling; annual campaign; museum exhibits; rehabilitation services; or preschool reading readiness programs. )."
• Bequest Benefiting a Specific Existing Fund
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used by it for... (e.g., Rachel Banks Youth Fund; November Opportunity Fund; Ladin Fund for Beth Sholom; Rudlin Torah Academy Endowment Fund; Arenstein Youth Enrichment Fund; Evans Emergency Nutrition Fund; Ipson Holocaust Education Fund or the Sisisky Passport to Israel Fund.)."
• Bequest Perpetuating a Family Name
"I give and bequeath the sum of $x (or x% of my residuary estate) to Richmond Jewish Foundation, to be used by it to create the [name of family or loved one] Family Fund, an endowment fund, the income of which is to be paid year by year, for use for the general (or restricted) charitable purposes of Richmond Jewish Foundation.
The community foundation's legal name is "Richmond Jewish Foundation" and the tax identification number is #54-1623966. For more information about making a bequest to benefit Richmond Jewish Foundation, contact Dan Weintraub dweintraub@rjfoundation.net (804 545-8624).
This information is educational only. You should consult your attorney about the applicability to your own situation of the legal principles contained here.
For over 25 years, Richmond Jewish Foundation has provided planned giving and endowment services, including agency fund administration, donor-advised funds, charitable trusts, scholarships and more, to individual donors, families and charities interested in either Richmond area causes or matters of concern to the Jewish community. Stewart Kasen serves as President of Richmond Jewish Foundation and Dan Weintraub is the Executive Director. For more information, visit www.rjfoundation.net
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How Will You Be Remembered? What Legacy Do You Want To Leave?
You can make a gift that will endure the test of time.
Create a lasting partnership with Richmond Jewish Foundation and help ensure the future of the Jewish community.
Leaving a bequest to Richmond Jewish Foundation enables you to create a permanent legacy that can help Jews in need forever. Your Will is a statement about the things that were important to you in your lifetime as well as your formal, legal instrument to protect and ensure that commitment for future generations. Your charitable bequest to benefit Richmond Jewish Foundation may include cash, securities, insurance or property. Your taxable estate is reduced by the total amount of the gift while you retain use of the assets during your lifetime. Add the simple bequest language on this web page to your will to preserve the Jewish community ... for years to come.
And please let the Jewish Foundation know so we can say thank you.
TO MAKE A GIFT THROUGH YOUR ESTATE -
REMEMBER
TO, FOR, 6 & 8.
By Dan Weintraub
If you would like to leave a bequest gift to the community through your will or estate plan, how should you do so? Clip and save this article to bring along when you have your will written or updated. You may ask your attorney to add into your will simple bequest language such as “I leave $______________ to Richmond Jewish Foundation.”
In the alternative you may use language such as “I give _________% of the residue of my estate to Richmond Jewish Foundation.” Either approach (specific amount or percentage) would work. If you would like the gift to be used for a specific purpose, remember “To, For, 6, 8.” What does that mean? Consider the examples below.
You may leave a gift of a certain dollar amount, or percentage TO Richmond Jewish Foundation, FOR something specific. What’s an example? Your gift could go for one of these 6 fields of interest: Jewish education, elderly, Israel, tolerance and community relations, arts and culture, or social services.
So, you might include the phrase “I give, bequeath, and devise $____________ to Richmond Jewish Foundation for a Jewish education field of interest fund.”
Perhaps, if you prefer, your gift could go for the benefit of one of the following 8 institutions: Jewish Family Services, Weinstein Jewish Community Center, Beth Sholom (Virginia Endowment of the Jewish Aged), Virginia Holocaust Museum, your favorite congregation, JCFR, Rudlin Torah Academy or for Richmond Jewish Foundation.
You could say “I give the greater of ________% of the residue of my estate or $__________ to Richmond Jewish Foundation to be used for the benefit of Jewish Family Services.” In the alternative your gift to Richmond Jewish Foundation could be for one of these 6 programs: scholarships; counseling; annual campaign; museum exhibits; rehabilitation services; or preschool reading readiness programs.
Maybe your contribution to Richmond Jewish Foundation could be for one of these 8 existing funds: Rachel Banks Youth Fund; November Opportunity Fund; Ladin Fund for Beth Sholom; Rudlin Torah Academy Endowment Fund; Arenstein Youth Enrichment Fund; Evans Emergency Nutrition Fund; Ipson Holocaust Education Fund or the Sisisky Passport to Israel Fund.
These are a few examples of the many worthy existing funds, a list of which is available from the Foundation.
You could also make a gift to Richmond Jewish Foundation for a designated purpose during your life. The Foundation accepts these 6 assets: cash, securities (stocks or bonds), real estate, life insurance, retirement plans, mutual funds or IRAs.
Your gift to Richmond Jewish Foundation for something special could be in the form of one of these 8 vehicles: Unrestricted Gift; Field of Interest Fund; Special Purpose Fund; Charitable Gift Annuity; Charitable Remainder Trust; Donor Advised Fund; Supporting Foundation or as the beneficiary of a Charitable Lead Trust.
We hope you will let us know if you have named Richmond Jewish Foundation in your will so that we can say thank you.
To learn more about bequest options call me at 804 545-8624 or send an e-mail to dweintraub@rjfoundation.net.
This information is not intended as legal advice. Please consult with your attorney to prepare your will or estate plan.
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