Legacy Funds

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Questions to Consider

Jefferson Community Foundation exists to honor the philanthropic legacy of our donors. As you think about the long-term change you will make in the causes you care about most, we hope you will consider JCF as the vehicle to make it happen.

Your instructions can be as broad or as detailed as you would like, and it is our job to make sure they are carried out in perpetuity, all the while protecting your financial and philanthropic investment. 

As you consider using JCF to provide stewardship for your estate giving, we encourage you to think through the following issues:

What name do you want for your fund?

You can use your family name or the name of a loved one. Many of our donors think of creative names that represent the causes they want to support. We arrange for the level of recognition you desire, including the option to remain anonymous.

Do you want the money to be in an endowment or in a non-endowment fund?

In an endowment, the principal is invested and only a portion of the income is paid out. The remaining income is returned to principal to protect the value of the endowment over time. This option provides support for your chosen organizations and causes forever.  This is the common choice for estate gifts.

In a non-endowment fund, the entire balance may be granted.

What organizations or causes do you want to support?

Are the funds to go to specific organizations e.g., your favorite arts organization or children’s health program?

Are the funds to be used to support a specific cause (e.g., to support services for senior citizens or to support arts education in the schools)?

Do you want to create a scholarship fund to help promising students continue their education?

 Do you prefer JCF to direct funding to address changing community needs?

What assets do you want to give?

As described above, there are a number of ways to give through a will or living trust. Since we are a 501(c)(3) public charity, assets that come to Jefferson Community Foundation are removed from your estate for tax purposes. This decision should be made in consultation with a professional advisor.