Planned Giving

Planned gifts, for example bequests in your Will, are the ultimate expression of your commitment and caring – an opportunity to invest in the shared vision of a world in which everyone with epilepsy enjoys the freedom to participate fully in life.

While you feel strongly about supporting our critical work, we realize that your primary concern is for the financial security of your family and other loved ones. Fortunately, there are many ways for you to put your family first and make a gift to the Epilepsy Foundation of New Jersey.

A variety of assets and investment vehicles qualify as planned gifts, each offering unique benefits for you. Be sure to consult your legal and financial advisors to select the option that best meets your financial planning objectives. Your planned gift gives you a special connection with the Epilepsy Foundation of New Jersey. You will help those touched by epilepsy—for now and for years to come.

We hope you’ll find our online information helpful as you discover the charitable gift that’s right for you.


Bequests

Many people would like to help make an impact on the future of the Epilepsy Foundation of New Jersey but are unable to make a significant gift today. Does this sound familiar?

If so, your solution may be a charitable bequest. A bequest under your will or revocable trust can complement your lifestyle and commitments today while supporting the Epilepsy Foundation of New Jersey tomorrow.

How it Works

  1. You simply include a Bequest to the Epilepsy Foundation of New Jersey in your Will (or Trust document).
  2. You may wish to review the language with your attorney.
  3. Upon your death and the Probate of your Estate, the Epilepsy Foundation of New Jersey will receive your gift and apply it to the purpose(s) you specified

What are the advantages of making a bequest?

  • Your assets remain in your control during your lifetime.
  • You can modify your bequest if your circumstances change.
  • You can direct your bequest to a particular purpose (be sure to check with the Epilepsy Foundation of New Jersey to make sure your gift can be used as intended).
  • There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
  • You know that your gift will benefit the Epilepsy Foundation of New Jersey tomorrow just as you intend it to today.

Bequest Options & Sample Language

  1. A bequest can deliver a specific gift to the Epilepsy Foundation of New JerseyExample:
    “I bequeath to the Epilepsy Foundation of New Jersey the sum of Ten Thousand [$10,000] Dollars”.

    Alternately, it can deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid — what’s known as the residue

    Example: “I bequeath Ten [10%] Percent of the residue of my estate to the Epilepsy Foundation of New Jersey.”

  2. You can designate that a particular program or activity at the Epilepsy Foundation of New Jersey benefit from your bequest, or you can make your gift unrestricted and allow us to use it for the needs and opportunities most relevant when your gift is paid to us. For example Camp Nova, research, scholarships, etc. Be sure to check with EFNJ to make sure your donation can be used as you intend.
  3. You can give almost any kind of asset through a bequest, including cash, securities, insurance policies, an interest in real estate (such as a home), tangible personal property (such as works of art or antiques) or the remainder of your IRA, Keogh, tax-sheltered annuity, qualified pension or profit-sharing plan.

Is a bequest deductible?

A bequest from a will or trust distribution to the Epilepsy Foundation of New Jersey is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. Additionally, the gift is usually exempt from state inheritance taxes.

What if I have already written my will or trust?

You can amend a will or trust to make a gift without rewriting the entire document. Your attorney can prepare the simple statement called a codicil, that adds a new bequest to us while reaffirming the other terms of your will. Similarly, your lawyer can prepare an amendment to your revocable trust to add us as a beneficiary.

Is this gift for you?

  • You want to help ensure our future viability and strength.
  • Long-term planning is more important to you than an immediate income-tax deduction.
  • You want the flexibility of a gift commitment that doesn’t affect your current cash flow.

For more information contact Resource Development via phone at 609-392-4900 or via email at events@efnj.com.