Create Your Legacy
Creating your Jewish legacy starts simply and can proceed at your own pace. After you have thought about your personal and family needs, think about sharing a portion of your assets either now or in the future with your community — the organizations and causes that are most important to you. A legacy plan is a proactive way to support your favorite charitable organizations and causes after you're gone.
Legacy Planning — Four Steps *
The Jewish Community Foundation of New Mexico is here to help you make the planning experience meaningful and gratifying.
You decide you want to leave something to the Jewish or wider community in New Mexico, Israel or elsewhere and make a promise to do so. You may not know precisely how you will fund your legacy or which causes or organizations will be the beneficiaries. You can choose to make your promise public by signing a page in the Book of Life.
You share your personal statement (always optional) about why you are creating a legacy plan or your hopes for the future. In this statement you may speak about your parents or grandparents, speak to your children or grandchildren, and speak about the organizations that have benefited from your leadership.
You specify how you will fund your legacy and name the causes and/or charitable organizations you'd like to support. This is typically done through a fund agreement with the Foundation, which you can change easily during your lifetime.
Your assets come to the community — into a permanent endowment fund in your family name, if you like, for causes and beneficiaries that you have designated in your fund agreement. Additionally, you may create a Donor Advised Fund in which you make recommendations during your lifetime to support charities of your choice.
* Some donors choose to start the process at Step 3.
L'Dor V'Dor — “From Generation to Generation”
The Book of Life symbolizes the concept of L'Dor V'Dor, passing on traditions from one generation to the next. Individuals or families may sign the Book of Life when they promise a legacy gift or establish an endowment of any amount. These gifts help ensure the future of our Jewish community locally, nationally, in Israel and worldwide. The inscriptions in the Book of Life may include the personal thoughts, life experiences and philanthropic vision that inspired the gift.
The Book of Life is displayed outside the Foundation office at the JCC on a sculpted wooden pedestal designed and made by local artist Harvey Buchalter. Come by and read the inspiring statements.
Jewish Legacy Society
Members of the Jewish Legacy Society agree to create a permanent endowment fund. At least 25% of your endowment distributions should be designated to benefit Jewish causes. You can designate the remaining distributions to support other causes that are important to you—Jewish or non-Jewish, local or global.
No money need change hands right now. All we are asking for is your promise—your promise to create a permanent endowment at the Jewish Community Foundation of New Mexico. How you fulfill your promise is up to you. You should consult with your attorney, accountant, or other financial professional to determine the best method for you to implement your promise. A Foundation representative is available to meet with you and your professional advisors upon request.
How Do I Start?
You start by making an appointment with the Foundation's Executive Director who will guide you through the legacy planning process at your own pace. All discussions are confidential. The Foundation does not charge any fees for the legacy planning process.
There are many ways to fund your plan, and you may also be able to achieve tax benefits during your lifetime or for your estate. We encourage you to discuss specific options with your legal and tax advisors, with whom we are happy to work.
If you would like to discuss creating your Jewish legacy, contact us.