Charitable Bequests

Charitable Bequests

 

Leaving a legacy to Jerusalem ensures a share in the eternal city.

 

Making a gift by will or another estate-planning method is a visionary and generous way to support the city of Jerusalem – to improve the lives of residents and to ensure the future of the city. A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to the Jerusalem Foundation

 

Benefits of a bequest

  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to charity

HOW CAN I HELP?

We would be honored for you to consider the Jerusalem Foundation in your long-term financial planning. This can be done in a number of ways:

A specific bequest is a stated amount of cash of a specific asset, such as shares of stock.

 

A percentage bequest is a gift of a percentage of your estate.

A residuary bequest is a gift of all or part of the property remaining in your estate after debts, taxes, administrative expenses and specific bequests to other beneficiaries have been paid.

 

An unrestricted bequest — one that can be used for general purposes — is the most desired, because it allows the gift to be used where it is needed most. However, you may certainly designate a specific use for your bequest. We suggest that with a designated use, the following clause be added to your will: “If at any time, in the judgment of the Jerusalem Foundation Board, the designated use of this bequest is no longer practical or appropriate the board shall use the bequest for a project that meets current needs and is in line with similar purposes.” 

 

The Jerusalem Foundation has offices around the world and can provide assistance with financial planning and advice on the most appropriate form of bequest for you.  Please contact our regional offices for information on charitable bequest requirements for tax exempt status in your country.

 

If you choose to remember the Jerusalem Foundation with a bequest, we would be  thankful to know of your plans.