Creating a legacy gift to Jericho Project can benefit you and your loved ones while leaving a lasting, positive impact on New Yorkers in need. A charitable bequest is one of the easiest ways you can give a legacy gift to Jericho Project.
Benefits of Your Bequest
- Receive estate tax charitable deduction.
- Lessen the burden of taxes on your family.
- Leave a lasting legacy.
How Do You Make a Bequest?
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or Jericho Project as part of your estate plan.
Your Bequest Options
A bequest may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
Making a Bequest of Your Retirement Assets
A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value might be lost through estate and income taxes. By designating Jericho Project as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
If you have included Jericho Project in your will, life insurance, or estate plans, please let us know so that we may thank you appropriately for your generous commitment.
The materials found on our online planned giving pages are for informational purposes only. As with any decision involving your financial or estate plans, we strongly advise you to seek the advice of your financial advisor for your estate planning.
For more information, contact Jericho’s Director of Development and Communications at firstname.lastname@example.org or 646.624.2341 ex. 106