Including the Cancer Institute of New Jersey Foundation in your financial and estate plans, may provide you current tax benefits and a legacy of support for a purpose important to you – winning the war on cancer. Often you can make a larger gift than you might have thought possible. If you would like more information about planned giving, call the CINJ Foundation office at 732-235-8614.
The Cancer Institute of New Jersey Foundation has been fortunate to receive legacy gifts from grateful patients, family members, and residents from New Jersey and beyond who care deeply about finding a cure for cancer, and providing the very best patient care until we succeed in eradicating this disease.
Individuals who have made a gift to The Cancer Institute of New Jersey Foundation through their estate plans, and who have informed the CINJ Foundation, are welcomed as members of the CINJF Legacy Society.
BENEFITS OF MAKING A BEQUEST
You continue to control your assets.
Your bequest can be modified if your personal or financial situation changes. You can direct your bequest to benefit The Cancer Institute’s patient care and research programs in the future.
You become a member of The Legacy Society.
WAYS TO MAKE A BEQUEST
Please be advised it is important to consult with your attorney if you would like to make a bequest in your will. There are several forms of bequests you may wish to consider:
A bequest which states a specific dollar amount to be given to CINJF.
A general bequest that bequeaths all or a portion of your assets to CINJF.
A bequest that is a residuary portion of your estate.
You may wish to execute a CODICIL to your already existing will. (A codicil is an amendment to a will adding to or changing provisions already established in the will.)
SAMPLE BEQUEST LANGUAGE
I give and bequeath to The Cancer Institute of New Jersey Foundation, a nonprofit corporation established under the laws of the state of New Jersey, the sum of ______________________ dollars ($________).
SAMPLE LANGUAGE FOR A CODICIL IN A WILL
I give and bequeath to The Cancer Institute of New Jersey Foundation, a nonprofit corporation established under the laws of New Jersey, the sum of _______________________ dollars ($_________) as an addition to my will of _______________________ date.
SAMPLE BEQUEST OF A RESIDUARY ESTATE
All the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated, which I may own or have the right to dispose of at the time of my death, I give, devise and bequeath to The Cancer Institute of New Jersey Foundation, a nonprofit corporation established under the laws of the state of New Jersey.
IF you have made a bequest to CINJ in your estate plans, please let us know at 732-235-8614.
GIFTS MADE THROUGH YOUR RETIREMENT PLAN
Retirement plans such as 401(k)s, 403(b)s, IRAs and other qualified retirement plans provide significant income during the lifetime of many retired persons. Many retirees are unaware how severely retirement plans are taxed when their estate passes to their family members or friends after their death. In some cases the tax can be as mush as 70% of the plan! This knowledge often leads the owners of such plans to reconsider them as a new opportunity to fund a cause that is meaningful to them.
You can designate The Cancer Institute of New Jersey Foundation as the beneficiary of any remaining funds that you do not spend during your lifetime. This type of gift ensures that your estate receives a charitable deduction for the value of the remaining assets.
When making an estate plan and drawing a will, in all cases consult your own advisors. Our answers are general and are not intended to be specific in nature.