LEGACY FUNDS are permanent endowment funds in the Jewish Community Foundation of the Jewish Federation of Greater Pittsburgh that perpetuate your gift to the Federation's Community Campaign.
How Does It Work?
You can create a Legacy Fund either during your lifetime or through your will. The Jewish Community Foundation invests the fund and pays the income to the Community Campaign as a commitment in your name in perpetuity, ensuring your philanthropic tradition will continue.
During Your Lifetime
A Legacy Fund can be established during your lifetime in a number of ways including through a contribution of cash or securities, charitable gift annuity, charitable remainder trust or life insurance, or by executing a signed letter of intent.
Through Your Will (Testamentary Giving)
You can create a Legacy Fund as part of your estate plan. This type of Legacy Fund meets your long-term philanthropic objectives and provides the additional benefit of an estate tax charitable deduction.
What Are The Benefits?
- If you make the gift during your lifetime, you receive a charitable income tax deduction in the year the gift is made.
- If you make the gift at death through your estate plan, your estate may receive a charitable estate tax deduction.
- Your individual gift remains intact, so the fund continues to be perpetuated through a preferential rate of return provided by the Foundation’s sound investments.
- You provide a permanent source of funding for the Federation’s Community Campaign, ensuring that the critical support for services to the Jewish community continues for the future.