Charitable Bequests: A charitable bequest is a gift to charity made through your will. A charitable bequest allows you to take care of the needs of your loved ones first and then to support those organizations that have been an important part of your life, such as the Kennedy Library Foundation. Even a small portion of a typical estate can be a very meaningful gift.
To leave a bequest to the Kennedy Library Foundation, we suggest sharing the following language with your attorney:
“I hereby give and bequeath [____________dollars/_____________percent or all of the residue of my estate to the John F. Kennedy Library Foundation, a Massachusetts charitable corporation, located in Boston, Massachusetts, to be used for the Foundation’s general charitable purposes.”
You may also find the following additional information helpful:
The John F. Kennedy Library Foundation is a tax-exempt 501(c)(3) organization and a 509(a)(1) public charity. Our tax identification number is 04-6113130.
Naming the Kennedy Library Foundation as a beneficiary of your will qualifies you for membership in the Victura Society.
Retirement Plan Distributions: Naming the John F. Kennedy Library Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan can be a particularly easy and advantageous way to make an estate gift, as this asset may be heavily taxed when left to your heirs.
To make this gift, simply notify your plan’s administrator of your wish to name the Kennedy Library Foundation as a beneficiary of all or part of your plan and he/she will provide you with the appropriate instructions.
Charitable Trusts: Charitable trusts can be designed to pay income to you and/or other family members and then distribute the remaining principal to charity in the future; or, inversely, to pay income to the charity first and then distribute the principal to your heirs.
There are tax benefits that may be available to you depending on the type of trust you establish and your personal circumstances. We would be happy to work with you and your attorney to meet your objectives.