Your Bequest Can Change The Lives of Women Forever
By remembering Josephine’s Place in your Will, you can provide for the long term security of Josephine’s Place and provide in perpetuity a space where women can begin to realize their potential.
Bequests and other planned gifts will be placed in the Josephine’s Place Endowment Fund. Income from the fund will be used annually to support our mission. Your thoughtful gift will have an immeasurable impact on the lives of countless women and their families for years and years to come.
There are three general types of bequests
A simple bequest leaves a specific dollar amount or percentage of your estate. An example of the wording is: “I do hereby give, devise, and bequeath to Josephine’s Place, located at 622 Elizabeth Avenue, Elizabeth, New Jersey 07206 the sum of $_________ (or _________ % of my estate) to be used in support of its mission to provide space that will facilitate the empowerment of women.
The residual bequest allows you to provide for loved ones first, and then with the residual or remaining assets make a bequest to our mission. An example of the wording for a residual bequest is: “I do hereby give, devise, and bequeath to Josephine’s Place, located at 622 Elizabeth Avenue, Elizabeth, New Jersey 07206 the balance and remainder of my estate, after all of the above bequests have been made, to be used in support of its mission to provide space that will facilitate the empowerment of women.
The contingent bequest is for those who wish to provide for their living relatives or loved ones. However, if those people predecease the donor, Josephine’s Place would inherit the estate. An example of the wording for a contingent bequest is: “If the above named beneficiaries predecease me, I hereby give, devise and bequeath my entire estate to Josephine’s Place, located at 622 Elizabeth Avenue, Elizabeth, New Jersey 07206 to be used in support of its mission to provide space that will facilitate the empowerment of women.
A Bequest provides you with…
A bequest provides you with the knowledge that the mission you supported during your lifetime will continue to provide needed services to those it serves. It also provides you and your estate with tax advantages. All charitable gifts are 100% tax-deductible. Your bequest or gift of life insurance, IRA or pension plan assets, real estate, stocks and bonds or other securities support the overall mission of Josephine’s Place. To discuss how your bequest will benefit Josephine’s Place, please call Sister Judy Mertz, S.C., Director, at 908-4360-0099.
Josephine’s Place is a 501 ( c ) (3) charity and is sponsored by the Sisters of Charity of Saint Elizabeth, Convent Station, New Jersey.