Making a legacy gift can translate into the creation of tax benefits as well as providing a way to define a legacy and fulfill your financial and personal goals. A bequest can be made in the form of cash, securities, real estate, or other property. You should specify that Junior League of Phoenix Foundation is to receive a certain amount or percentage of your estate, particular assets, or the remainder of your estate after providing for heirs. We encourage you to discuss these options with your financial and legal advisors in order to best customize your nonprofit commitments for your personal circumstances.
There are different types of bequests you can make:
There are many ways to include JLPF in your estate plan:
• Name the JLPF as a beneficiary in a will or living trust
• Name the JLPF as the beneficiary of a life insurance policy or a retirement account
• Create a charitable remainder trust (CRT) and name the JLPF as the beneficiary
• Make a gift of cash or appreciated securities to establish a charitable gift annuity with the JLPF
There are different types of bequests you can make:
- Specific bequests: used to make a gift of a specific dollar amount or specific assets.
- Residuary bequests: used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to additional beneficiaries.
- Contingent bequests: used to result in a gift to Junior League of Phoenix Foundation in the event of the death of other beneficiaries or the fulfillment of certain conditions described in your estate plans.
There are many ways to include JLPF in your estate plan:
• Name the JLPF as a beneficiary in a will or living trust
• Name the JLPF as the beneficiary of a life insurance policy or a retirement account
• Create a charitable remainder trust (CRT) and name the JLPF as the beneficiary
• Make a gift of cash or appreciated securities to establish a charitable gift annuity with the JLPF