Ways of Giving
Ways of Giving
You can plan today to leave your legacy without parting with your assets during your lifetime. This may be in the form of a Will bequest or via a life insurance policy. On your death, an endowment fund will be established in your name with proceeds allocated according to your instructions. Your name and generosity are perpetuated and your community reaps the benefits.
One of the easiest and most common planned gifts is a gift through your Will. Redraft or add a codicil to your Will leaving a gift to the Jewish Community Foundation of Montreal. This could be a specific asset (RRSPs, marketable securities), a fixed amount or a percentage of your estate. Your gift creates a lasting legacy to your life and reduces the taxes payable by your heirs.
Gift of life insurance
A large gift at little cost, life insurance can build a significant endowment. Purchase a life insurance policy naming JCF as owner and beneficiary. Make an annual tax-deductible gift to the JCF for an amount equal to the premium which is paid by the JCF. At death, an endowment fund is established in your name, with interest allocated annually according to your instructions. For a 30-year old*, ten annual payments of $1000 can result in a magnificent $100,000 legacy! (*Joint life policy; non-smoker)
How it works
Your Life. Your Legacy. Your WILL.
Everything you need to know about creating an enduring and meaningful legacy through your Will – from Will clauses to tax benefits to planning your estate distribution.