Danforth Jewish Circle
LEGACY GIVING
Supporting the DJC for Generations to Come
The DJC is proud to be a vital, progressive Jewish community – nurturing radical Jewish learning, engaging in tzedek/justice, fostering creativity, inclusive community and rich meaning – in the present and for the future. You are invited to help ensure the vibrant future of the DJC and of progressive, joyous Jewish life.
Leaving a legacy gift in your will is a simple and meaningful way to ensure our community will be around for generations to come. Whether you choose to leave assets such as stocks or property, a percentage of your estate, or a specific dollar amount, your gift will allow you to significantly contribute to the Danforth Jewish Circle in a way that may not have been possible during your lifetime. Leaving a gift to the DJC will also benefit you and your loved ones by reducing your estate taxes.
Four Ways to Leave a Legacy Gift
With careful planning, your legacy can be fulfilled, as can the security and future of the Danforth Jewish Circle. You can include the DJC in your will in one of the following ways:
Make a direct gift in your will
A direct gift or ‘charitable bequest’ is a simple and thoughtful way to leave a legacy. Whether it is a set amount or a percentage of your estate, you can make a difference for generations to come, and your estate will receive a substantial reduction in taxes.
Share your RRSP or RRIF
You can make the DJC the beneficiary of some or all of your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF). The charitable tax receipt you get will help offset the tax that would otherwise be payable on your final tax return.
Use your life insurance
By making the DJC the beneficiary of a new or existing life insurance policy, you will receive a charitable tax receipt for your annual premiums, or your estate will receive a charitable tax receipt for the total amount of your insurance benefits. This will help offset any taxes that would otherwise be payable at death, so you can be remembered as leaving a large donation to your community, rather than a large tax payment.
Donate stocks or bonds
If you have shares that have gained value, donate them to the DJC. Gifts of shares are exempt from Capital Gains taxes, so you benefit. What a tax-effective way to support your Circle!
Where to start?
A gift in your will affirms your commitment to the children, adults, and seniors in the DJC and to building inspiring Jewish life for the future. Not sure where to start? It’s easier than you think. To ensure your intentions are carried out, talk to your family to share your wishes and speak with your lawyer or financial advisor about including directives in your will or adding a codicil.
Here is some recommended wording:
“To pay the Danforth Jewish Circle [the sum of $____________ ] or [___% of the residue of my estate]. It is my wish that the funds be used specifically for unrestricted expendable use by the Danforth Jewish Circle, for the purposes and designs deemed appropriate by the Danforth Jewish Circle Board of Directors.”
If you are not revising your will any time soon, consider having conversations with all of your beneficiaries about your intentions and leave a signed note with your will. Then include the request in your will when you revise it.
When wording your bequest, please note our legal name is: The Danforth Jewish Circle. Our charitable registration number is: 870202660RR0001
If you plan to leave a gift to the DJC, we’d appreciate if you let us know so we can plan ahead and make sure we understand your wishes. We also want to be able to thank you for your generosity and support.
Questions?
If you have any questions about leaving a gift in your Will and want to learn more, please email us.
One day, Honi was journeying along the road when he saw a man planting a carob tree. He asked, “How long does it take this tree to bear fruit?” The man replied: “Seventy years.” Honi then asked him: “Are you certain that you will live another seventy years?” The man replied: ” I found carob trees already grown in the world; as my ancestors planted those for me, so I too plant these for my children.”
— Babylonian Talmud, Ta’anit 23a