Gifts in Your Will
Bequests in your will or trust can be designated to a specific JCC East Bay program or to the organization as a whole. You can allocate a specific amount or leave a percentage of your estate. To leave an unrestricted JCC East Bay bequest, you may use the following language in your estate documents:
“I bequeath [#% of the remainder of my estate] or [the sum of $#] to the board-directed reserves of the Jewish Community Center of the East Bay, Berkeley, California, tax identification number 71-0995500.”
This example is provided for informational purposes only, and does not constitute legal advice. If you decide to make a bequest, please consult with your legal professional, who can draft appropriate language for your will or trust.
Gifts of Retirement Plan Assets
Because retirement assets are typically heavily taxed when left to family, it can be effective to designate a portion or the balance of retirement assets to a charity. Most people do not use all of their retirement assets during their lifetime and most plans allow you to easily designate or change a beneficiary with a simple form.
If you are aged 70 ½ or older, you may donate up to $100,000 in a given year directly from your IRA to the JCC East Bay. The distribution will be tax-free and will count toward your required minimum distribution (RMD).
Gifts from Life insurance
Including the JCC East Bay as a beneficiary to a life insurance policy is a simple and inexpensive way to provide a significant future gift to the JCC East Bay.
Please consult with your attorney and financial advisor to determine the best option for you.