YOUR CHARITABLE LEGACY

Align your values and goals with your legacy

You can design a philanthropic vision that’s deeply meaningful to you — and preserves your impact on a cause or community in the future — with a legacy fund. Our team of specialists will collaborate closely with you to implement a giving plan that integrates your values and meets your objectives.

Structuring your estate

A planned or legacy gift is a donation that’s designated for a future date, often at the time of death through a will. This gift is made through a formal financial or estate plan.

CFNJ is uniquely capable of stewarding your gift in a way that is faithful to your goals, in furtherance of your legacy, and responsive to a community’s future needs. We can also work with your family’s attorney or wealth advisor to structure the fund and desired language. The top three issues you should consider when designing a legacy fund are outlined in the fact sheet below.

Estate planning options

We also invite you to review the Planned Giving Options Chart below as you consider ways to build a lasting philanthropic legacy and support your family simultaneously.

You’re welcome to sign up to receive more information about legacy giving, or contact us at info@cfnj.org with questions.

Learn more: Legacy Fund Fact Sheet | Legacy Fund List | Open Fund

Planned Giving with CFNJ

GOAL

GIFT

STEPS

BENEFITS

Transfer real property ownership and convert it into a gift

Real Estate

Donate a portion or all of the property to CFNJ

Income and capital gain tax savings
Relief from management of unused property
Ability to retain and/or convert into trust income

Leverage an insurance policy that’s no longer needed

Life Insurance

Name CFNJ as an owner and/or beneficiary of a policy

Eligibility for an income tax deduction based on the value of the paid policy
Simple, inexpensive way to make a gift

Find a way to make a gift despite limited cash and securities

Other Assets (e.g., tangible property)

Donate the asset outright today or fund a charitable trust or annuity

Potential income and capital gains tax savings

Ensure your charitable goals are known in the future

Legacy Fund

Establish and fund a legacy fund with CFNJ, now or upon death

Simple way to provide a future donation
Control over the future allocation of your funds

Establish a future gift, while maintaining lifetime control of your assets

Bequest

Name CFNJ in your will or living trust

Donation exempt from federal estate tax
Control of assets during lifetime

Supplement income with fixed payments that may be partially tax-free

Charitable Gift Annuity

Establish a simple annuity contract with CFNJ

Fixed life payments for 1 or 2 individuals
Immediate income tax charitable deduction
Current and future savings on income taxes

Secure income for you or your loved one with potential for income growth

Charitable Remainder Trust

Establish and fund a trust naming CFNJ or a fund as the beneficiary

Fixed or variable income for life or a term of years
Immediate income tax charitable deduction
Ability to use a variety of assets to fund trust

Provide secure income for your fund now and for your children and/or grandchildren in the future

Charitable Lead Trust

Establish and fund a trust naming CFNJ or a fund as the beneficiary

Reduction of your taxable estate
Meaningful support for loved ones

Identify a simple, tax-effective way to make a future gift

Retirement Plan Assets

Name your fund as a beneficiary of your retirement plan

Avoid taxes that come with estate assets
Simple and inexpensive to establish