For inquiries, email TFAA@wlcj.org or call the Torah Fund office at 405-870-2160.
It is a gift of an asset, an after-lifetime gift.
Everyone. This is not just for the wealthy or seniors. There is no minimum gift required and no expectation of payment while you are living.
Legacy gifts are usually either a percentage of your estate or a specific amount and demonstrate to your heirs your commitment to Jewish values.
We are very grateful for your current and past giving to Torah Fund. A legacy gift is needed to ensure that Torah Fund will continue its support for many, many decades. Recent studies show that in 20 years organizations will need to generate 20%-25% of their operating budget from legacy gifts in order to meet their obligations.
Legacy gifts can take many forms: stocks, bonds, retirement assets, cash, life insurance proceeds, etc.
There is no correct amount – it varies from person to person – and must be what is right for you. Any amount is appreciated. Some people will choose to give a set dollar amount, some will specify a percentage of their estate, or all or part of a particular asset. No gift is too small.
Yes – if your circumstances change you can adjust the amount of your gift.
There are many ways to leave a legacy gift: by making a bequest in a will or trust; by naming the organization of your choice as a beneficiary of a life insurance policy, IRA, or pension fund; by giving a gift of cash or assets.
Please consult your professional advisor to determine which method of giving is best for you as Torah Fund does not give tax advice.
If you want to leave a legacy gift through your will it may need to be changed. Suggested language is available on a form entitled ‘Making a Bequest in Your Will”.
The long-term future of Jewish education requires adequate financial resources. By leaving a legacy gift, you help ensure that the values and services of Jewish educational institutions that Torah Fund supports will be part of our community’s resources long into the future.
State laws will determine the disposition of your estate if you don’t have a plan in writing. Even if you don’t have a family, you should still create an estate plan that reflects the things you care about.
The advantage of legacy giving is that no money is paid now. The gift is paid after your passing, from what is left in your estate.
One option is to name Torah Fund as a beneficiary of an account you already have. You might also consider a life insurance policy, with Torah Fund as a beneficiary.
The money will be divided among the beneficiary organizations that Torah Fund supports at the time your gift is received. Currently the funds are used to support scholarships and programs in the worldwide Conservative/Masorti institutions of higher Jewish learning.
If you are interested in learning more about the Legacy Society, please fill out the form below, and a representative will contact you.
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