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Planned Giving Opportunities

Bequests

By including Bellefaire JCB as a beneficiary of your will, trust or codicil, you ensure that your memory will live on - both for those who will directly benefit from your generosity, and for those who will be motivated by your example. Additionally, you can significantly reduce your estate taxes.

Gifts of life insurance

You can contribute a life insurance policy to Bellefaire JCB by naming us either as the policy owner or simply as the beneficiary. If you name us as the owner and beneficiary, you will be entitled to an income tax deduction limited to the lower of the value of the policy or your cost basis in the contract. If you continue to pay premiums on a policy we own, you can deduct the premium payments.

Life income gifts

Life income gifts allow you to receive payments as a result of making a charitable gift. Depending upon your plan, payments will be fixed or variable, payable to you or other beneficiaries you choose. For example, you might create a charitable remainder trust to pay income to you for life and contribute money, stock or other property to it. Once placed in trust, the assets can be sold (without capital gains tax) and the proceeds reinvested to produce a higher yield. Life income gifts entitle you to an immediate income tax deduction, based on the present value of your gift.

The Monarch Society

The Monarch Society honors friends who have supported major projects, established a named fund with a minimum $5,000 commitment, or arranged for a deferred gift. The Society received its name from Bellefaire JCB's emblem, the butterfly, a universal symbol for positive growth and change. Members' names are included in the membership roster and on the permanent display in the Bellefaire JCB lobby. Additionally, there is an annual appreciation event for all members.

To learn more, call the Development Department at (216) 320-8320.