Popular Ways to Give
Wills and Living TrustsA charitable bequest is a note in your will that designates part of your estate — money or property — to go to charity after your death. It's a way to continue supporting a favorite charity even after you're gone, as well as to leave a legacy of philanthropy. By including a bequest to The Adath Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come. Let's Walk Through An ExampleWhen Tom and Martha got married, they made a point to put together a will to protect their assets. They both loved The Adath Foundation and decided to include a bequest of $75,000 in their will. As Tom and Martha's family grew to include three children, they decided to revise their gift to ensure their children's future financial security. They met with their attorney and simply revised the bequest language so that their gift to The Adath Foundation was now a percentage of their estate instead of a specific amount. Tom and Martha now rest easy knowing when they die, their plans will provide for the people and charitable work they love. Learn how to fund it |
Beneficiary DesignationsA beneficiary designation clearly identifies how specific assets will be distributed after your death, and is the easiest way to ensure support of Adath Jeshurun Foundation even after your lifetime. Naming The Adath Foundation as a beneficiary allows us to receive assets like retirement plans and life insurance policies after your passing. To do this, you simply fill out a form that is separate from your will. In choosing this option you are selecting the more flexible route, as you are not locked into the choices you make today and can review and adjust beneficiary designations anytime. Let's Walk Through An ExampleRobert and Carol treasure the financial help they've been able to give their children and The Adath Foundation over the years. Now that their kids are grown, Robert and Carol changed their estate plan so it could work harder for the people and causes they love. The couple updated their will to leave stocks and real estate to their kids. And they left The Adath Foundation a $75,000 IRA to be transferred after their death. Because The Adath Foundation is tax-exempt, all $75,000 will help support our mission. If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan. *Based on an assumption of a 24% marginal income tax bracket. Learn how to fund It |
Next Steps
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Step 1 Contact Talor Blustin at 952.545.2424 or [email protected] for additional information on bequests or to chat more about the different options for including The Adath Foundation in your will or estate plan. |
Step 2 Seek the advice of your financial or legal advisor. |
Step 3 If you include The Adath Foundation in your plans, please use our legal name and Federal Tax ID. Legal Name: The Adath Jeshurun Foundation Address: 10500 Hillside Lane West Minnetonka, MN 55305 Federal Tax ID Number: #36-3529809 |
