Based on decades of experience with legacy planning and charitable giving, we suggest these best practices for continuing your legacy with JCF:
1. If you are naming Successors and want them to act jointly, choose no more than three Successors to ensure ease and efficiency in using the fund.
2. If your Successors have different funding interests, divide assets equally to establish separate donor advised funds for each Successor ($5,000 minimum per fund). This empowers each Successor to be fully engaged with the charities that are meaningful in their lives.
3. Consult with your attorney and accountant to determine the most advantageous way to leave assets to your JCF fund. Consider naming JCF as a beneficiary of your IRA or insurance policy.
4. Notify JCF of your nonbinding intent to leave money to fund your legacy, and include the name of your attorney.
5. Create an ethical will and have conversations now with your heirs about your legacy and values.
6. Arrange a call or in-person meeting with a JCF representative to discuss your Succession Plan. We are happy to speak with you and your trusted advisors to help you craft a meaningful charitable legacy.