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. View a
sample bequest language and a
bequest intention form.
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 06-0372107. View
sample beneficiary designation language.
You can make charitable gifts of life insurance policies in several ways:
- Name the Jewish Community Foundation as a beneficiary. The Foundation can be named as beneficiary of group insurance, as well as individually owned policies.
- Donate a policy that has been paid up. In this case, the donor names the Jewish Community Foundation as a beneficiary, and also transfers ownership of the policy.
- Donate a new policy or a partially paid up policy.
A gift annuity is a simple agreement under which a donor transfers cash or securities to the Jewish Community Foundation in exchange for the Foundation's 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. View the
maximum suggested charitable gift annuity rates.
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 Jewish Community 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.