It only takes four simple steps to make this type of gift. Here's how to name the Jacobson Jewish Community Foundation as a beneficiary:
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
Robert and Carol treasure the financial support they've been able to give their children and the JJCF over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left the JJCF a $75,000 IRA to be transferred following their lifetime. Because the JJCF is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
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Legal Name: Jacobson Jewish Community Foundation of the Jewish Federation of South Palm Beach County
Address: 9901 Donna Klein Boulevard, Boca Raton, Florida 33428
Federal Tax ID Number: 59-1945109