Deferred Gifts are often called "planned gifts" because they are connected to financial and/or estate plans. They may range in size from very small bequests to multi-million dollar trusts. They are called deferred gifts because, even though they are given today, the Community Foundation will not realize their benefit until some time in the future.

Deferred Gifts are divided into two general categories. Estate Gifts are those that are normally associated with a Will or final distribution of an estate, while Life Income Plans provide either an income or the use of some asset for the duration of a donor's life. Deferred gifts are an excellent long-range budget-planning tool for the Community Foundation.

Estate Gifts

The largest gifts to the Community Foundation traditionally have been estate gifts. These may range from a few hundred to millions of dollars. Like all other gifts, they may be "unrestricted" or "restricted".

Estate gifts allow the assets to continue helping the community long after the donor is gone.

Bequests (Gifts by Will)

A bequest may be particularly attractive as a gift option if the donor is unable to make a current (outright) gift, but would like to contribute to the community in a meaningful way. Bequests may be restricted or unrestricted.

"Specific" bequests are most common. A specific amount of money, asset or percentage of the estate is left to the Community Foundation.

"Residual" bequests go to the Community Foundation only after all debts, expenses, taxes, and other bequests have been paid.

"Contingent" bequests are vehicles to contribute to the Foundation even if the donor has young children. The contingent bequest takes effect only when all other bequests fail. For example: "If my child should predecease me, then I leave my entire estate to the Community Foundation for the benefit of the unrestricted endowment fund."

See more detail on our Bequests information page

Testamentary Trusts

A Will may direct that a portion of an estate will go to a charitable gift annuity or charitable remainder trust. The charitable gift annuity or charitable remainder trust will then pay life income to a named beneficiary. After the beneficiary's death, the Community Foundation will receive any remaining funds.

Suggested Forms of Bequests:
Sample Language

Bequest to the Jewish Community Endowment Fund:

1. I give $______________; or
    
2. I give % of my estate ; or
    
3. I give (specified property)

to the Community Foundation of the Jewish Federation of Orange County for the Jewish Community Endowment Fund. This fund's net income will be used to make grants to Jewish organizations to assure the continuity of Jewish life.

Area of Interest Bequest

1. I give $______________; or
    
2. I give % of my estate ; or
    
3. I give (specified property)

to the Community Foundation of the Jewish Federation of Orange County to establish an endowment fund to be known as the ____________________ Fund, the net income of which is to be used for the following area of interest (e.g., education, care for the elderly, homeless, etc.)

Bequest To Create A Perpetual Annual Campaign Endowment Fund (PACE)

1. I give $______________; or

2. I give % of my estate ; or

3. I give (specified property)

1. I give $______________; or
    
2. I give % of my estate ; or
    
3. I give (specified property)

to the Community Foundation of the Jewish Federation of Orange County as an endowment fund to be held for the benefit of the annual campaign of the Jewish Federation of Orange County.

Residuary Bequest

If any of the above named beneficiaries should predecease me then I give the property, real or personal, which said beneficiaries would have received if they had survived me, to the Community Foundation of the Jewish Federation of Orange County.