Some people would like to help strengthen the long-term viability of Hadassah but feel they cannot afford to make such a gift today. A bequest by will or revocable trust can be tailored to complement your personal lifestyle and financial goals and also support Hadassah! If you have not already done so, please consider putting Hadassah in your will or revocable trust.
Those who make provisions in their estate planning for Hadassah are invited to join the Hadassah Legacy Society. The Legacy Society includes men and women who have made a bequest to Hadassah through their estate planning. It also encourages men and women to include Hadassah in their wills and other estate planning documents to ensure that Hadassah’s projects and programs continue for generations to come. All those who have made a commitment to Hadassah through a bequest will receive a specially designed silver pin to pay tribute to the members of the Society during their lifetime.
Hadassah works with donors and their attorneys to assist in drafting the portions of a will or trust that concern Hadassah. We are often asked what is the best wording to use in a will to ensure that your intention is stated clearly and that you have our correct name and address. We recommend the following:
I give and bequeath to Hadassah, The Women’s Zionist Organization of America, Inc., a not-for-profit corporation, with its principal offices currently located at 50 West 58th Street, New York, New York 10019, [the sum of] ____________, to be used for its general purposes” or “[to be used for ____________].
You may also wish to add language to reflect in remembrance of whom the bequest is made and that Hadassah of Greater Baltimore should receive credit for the bequest.
A Gift to Hadassah Through A Life Insurance Policy
Most of us choose our spouse or other loved one as the beneficiary of our life insurance policies. But many of us don’t think to designate a contingent beneficiary – someone else – in case there are no surviving close family members. Remember, Hadassah is family too, and perhaps Hadassah could be your choice in this situation.
You can also name Hadassah as a revocable beneficiary of your life insurance policy, reserving the right to change the name at any time. So, if a long hoped for grandchild appears on the scene, the beneficiary can be altered to suit the new circumstances.
If your family does not need the proceeds of a fully paid-up insurance policy, consider choosing Hadassah as the outright beneficiary.
Finally, if Hadassah is named as owner and beneficiary of a current policy, and you continue to pay the yearly premiums, you can claim income tax deductions for those premiums.
Questions? Call National Hadassah for a personal consultation at 1-800-428-8884 or email: email@example.com.