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FREQUENTLY ASKED QUESTIONS

WHY SHOULD I REMEMBER CHABAD IN MY WILL?

You care deeply about Jewish continuity and want to see Judaism flourish in your community. Chabad is serving our local community today and will continue to serve generations into the future.

I AM NOT A WEALTHY PERSON. CAN MY GIFT MAKE A DIFFERENCE?

Yes, every gift is important. Leaving a bequest to Chabad is your opportunity to take care of your family and create a meaningful Jewish legacy.

WHAT IS A BEQUEST?

A bequest is a gift of property or assets left to Chabad in your will. A bequest can be established as either a percentage of your estate or a fixed sum. Every bequest to Chabad is a powerful expression of faith and goodwill in the future of our Jewish community.

HOW CAN MY MONEY WORK FOR ME IN MY LIFETIME?

A charitable gift annuity is one of the most popular ways to help Chabad and receive income during your lifetime. For example, you can set up a gift annuity and receive a guaranteed payment far above market rates. The current rate for an 80 year old single life term is 6.8% percent.

HOW CAN LIFE INSURANCE BENEFIT CHABAD?

You can make a substantial Jewish legacy gift to Chabad through designating Chabad as the named beneficiary of your existing life insurance policy. This gift can, in some circumstances, be far greater than anything you could donate during your lifetime.

WHAT IF I AM READY TO REMEMBER CHABAD IN MY ESTATE PLAN?

We would be honored to enroll you in the Jewish Legacy Society. Please take a moment and contact our center for a confidential consultation. Informing Chabad about your intentions allows us to plan appropriately for the future. Thank you in advance for this generous contribution.

 


BEQUEST FORM

Sample Bequest Form

Leave a Legacy to the Jewish Community

Bequest

I bequeath to the Chabad Okanagan Society not-for-profit corporation Charity Number 803797133RR0001, having its principal offices at 2597 Richter St. Kelowna BC V1Y2R1

, the sum of ($________ ) DOLLARS (OR) a percentage of (%_______) of my residuary estate to be used for Chabad Okanagan Society for its general charitable purposes.

When planning or writing a will, please contact an estate attorney who has experience in estate planning. You may also wish to discuss these issues with your family and financial advisor.

Feel free to contact Chabad Okanagan Society for more information.


 

 ADVISOR INFORMATION

We are always happy to provide detailed information, including any bequest language, for attorneys or other advisors regarding legacy gifts to Chabad Okanagan Society

We welcome the opportunity to assist you, as you work with your clients to address their charitable goals. We also encourage our prospective donors to consult with their advisors and family when they are considering a planned gift to Chabad.

Please  contact us—we're here to help.

For Your Reference

Chabad’s CRA tax ID number is 803797133RR0001
Chabad’s full legal name is Chabad Okanagan Society

Important for Estate Lawyers & Financial Professionals

Chabad is blessed to have many centers operating throughout the world. While supervised by headquarters, each center is financially independent. Please make sure that your clients' legacy gift is properly worded to benefit the Chabad Okanagan Society

Click here for a List of our global centers.


  GLOSSARY OF TERMS

 

ANNUITY

A fixed sum payable at specified intervals.

APPRECIATED PROPERTY

A property that has increased in value.

BENEFICIARY

The person who receives the benefits of a trust, or the recipient of the proceeds of a life insurance policy.

BEQUEST

In wills and estates, the gift part of the estate to a beneficiary.

CHARITABLE GIFT ANNUITY

Transfers cash or property to a charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity.

CHARITABLE TRUST

An irrevocable trust established for charitable purposes.

ESTATE TAX

A tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.

EXECUTOR (OR PERSONAL REPRESENTATIVE)

A person named in a decedent's will to carry out the provisions of that will.

GUARDIAN

A person entrusted by law with the care of person, property, or both.

LIFE INSURANCE TRUST

A trust that has an individual's life insurance policy as its principal asset. It's usually set up for the purpose of life excluding the proceeds of life insurance from the insured's estate.

POWER OF ATTORNEY

A written document given by one person or party to another, authorizing the latter to act for the former.

RETAINED LIFE ESTATE

A person can transfer the title to his or her property to someone else and reserve a life estate. That means they no longer own the property but have the right to use and occupy the property for the duration of their natural life. When they die, the life estate is extinguished and the property is owned free and clear by the title owners. The need for probate has thus been avoided.

TESTAMENTARY TRUST

A trust created by a will, which is scheduled to occur after the maker's death.

TRUST

A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor.

TRUSTEE

Any individual or company who manages assets on behalf of another.

WILL

A document stating how and to whom a person wants his/her property transferred after death.


WHY GIVING MATTERS  

YOUR MOMENT. YOUR LEGACY. YOUR CHABAD.

This is your moment to hold hands across the generations. This is your moment to ensure a Jewish future that is spiritual and meaningful. This is your moment to leave a Jewish legacy.

Chabad has been at the forefront of rebuilding the Jewish community after the Holocaust. From headquarters in Brooklyn, New York, the Rebbe, Rabbi Menachem Mendel Schneerson, inspired a generation of young couples to go out and spread Yiddeshkeit. With endless love, devotion, and energy, his emissaries are rebuilding Judaism throughout the world. From Casablanca to Rio de Janeiro, Chabad has brought a positive, uplifting message to the Jewish people. Chabad is a beacon of light throughout the world.

Today, Chabad is found at every major university across the world, providing a safe and welcoming environment for college students away from home. The Jewish Learning Institute, the world’s largest adult educational program, has revolutionized adult Jewish learning. CTeen brings together high school students from around the world to enrich and inspire their Jewish identity.

The Friendship Circle provides children with special needs a full range of social, recreational, educational and Judaic experiences. In addition, the Friendship Circle provides their parents with respite and support.

Now it is your turn to lead us Forward.

Planned Giving builds Judaism where it is needed most, in your local community. From preschool to day school, visiting the sick or comforting the poor, this is your moment to make a difference. Join with us through the loving act of planned giving by leading your community to a strong and vibrant future. This is your Moment.


 Jewish Legacy Society

The Jewish Legacy Society was developed to honor and celebrate those who have made a public and everlasting commitment to the Jewish future. Joining the Jewish Legacy Society will bring you much pride and joy. By leaving a bequest to Chabad Okanagan Society you are ensuring a strong and vibrant Jewish community.

With deep respect and gratitude, we extend the following benefits to all members of the Jewish Legacy Society:

  • A Jewish Legacy Award acknowledging your generous contribution.
  • Recognition on our website and printed material.
  • Invitation to special Legacy Society events and seminars.
  • The nachas and joy of knowing that future generations will benefit from your kindness.

The most lasting item — valued above all, is the personal satisfaction that comes with knowing that you and your loved ones have made a difference. You have lit the candle that will become an eternal flame.

Your Moment. Your Legacy. Your Chabad.

Please be sure to share with us your intentions to leave a legacy so we can appropriately thank you. To join the Jewish Legacy Society, please contact us.

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 CONTACT US

CLICK HERE TO CONTACT US 

At Chabad, our Planned Giving Specialist will work with you and your financial advisors on your personalized gift planning strategy. We encourage you to consult with your professional advisor and family when you are considering a Planned Gift to Chabad Okanagan Society!

We look forward to speaking with you!

Together we can insure a vibrant and dynamic Jewish future.

Please contact
Rabbi Shmuly Hecht
Chabad Okanagan Society
2597 Richter St
Kelowna, BC, V1Y 2R1
250-575-5384
Rabbi@JewishOkanagan.com

CLICK HERE TO CONTACT US