Life Insurance or IRA Beneficiary

As a teen, Seth needed some guidance to find his way. JCFS counselors provided that help. He knows he wants to give back in a big way. That’s why he’s intrigued by the idea of purchasing a life insurance policy and giving it to JCFS. At his young age, the premiums for a significant policy amount are very low. JCFS owns the policy, so Seth sends a donation each month equal to the premium amount. His donation is tax deductible and his generous legacy gift to JCFS is ensured.

 

You can leave a legacy by making JCFS the beneficiary of a life insurance policy or an IRA.

  •  If the current beneficiary of your life insurance policy will not need the funds, consider naming JCFS as beneficiary and letting those dollars help those who are in need.
  •  For younger donors, buying a life insurance policy at an age when premiums are very low can be a very affordable way to make a significant gift.
  • Naming JCFS as the beneficiary of an IRA is a win-win because you can leave a meaningful gift to those in need and your family avoids paying double taxes on the IRA dollars.

 

We welcome the opportunity to speak with you and your attorney or financial adviser about thes and other ways you can continue to support JCFS beyond your lifetime. For more information or to schedule a conversation, please contact Barbara Chandler, Development Associate for Endowments, 312-673-3211 or click here to send Barbara an email.

 

 

 

The Jewish Child and Family Services Endowment Foundation was created in partnership with the Jewish Federation of Metropolitan Chicago’s Agency Endowment Program, which was established to assure that JCFS and our sister agencies have the necessary resources to meet growing and evolving Jewish community needs. All commitments to the Agency Endowment Foundation are recognized as gifts to the Jewish Federation’s Centennial Campaign.