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CHARITABLE GIVING VEHICLES

Here are three of the easiest and most popular ways to create an endowed gift. The good news is that none of them will cost you anything now.

Bequest

Perhaps the most popular way to create an endowment is to mention your favorite organization(s) in your will. It’s easy, it’s straight forward and simple to accomplish. Almost 90% of all gifts to charity are made through bequests. Simply speak with your attorney to add a codicil to your will.

IRA Beneficiary Designation

Making a charity (or charities) a beneficiary of an IRA is a tax-effective way to create an endowment to benefit a cause. Simply call the IRA Custodian to get the appropriate form needed to change the designation.

Insurance Beneficiary Designation

Often, insurance policies are purchased early in adulthood to provide protection for family where there are not yet substantial accumulated assets to fill that role. As the family grows, and assets grow, the policy may no longer be essential. This is another easy way to create an endowment by designating a charity (or charities) as a beneficiary of all or a portion of your insurance benefits. Your insurance agent can give you a beneficary designation form.

All of us, regardless of age, wealth or affiliation, have the ability to leave a meaningful Jewish legacy. Your gift of any size can be customized to fit your dreams, lifestyle, family and financial needs.

Please consult your financial advisor or contact Lottie Nilsen, Director, Foundation Community Development, at 561.852.3109 or Lottien@bocafed.org.


CONTACT INFORMATION

Lottie Nilsen, Director, Foundation Community Development
561.852.3109 | LottieN@bocafed.org