The 1935 Society and Planned Giving

Welcome to the 1935 Society

If you have already included The Jacques Pépin Foundation in your plans, it would be our honor to personally thank you and welcome you into the 1935 Society. For more information, please contact Tula Gogolak, Director of Philanthropy at tula@jp.foundation.

Considering a gift to the Jacques Pépin Foundation?

If you are considering a gift to the Jacques Pépin Foundation, we encourage you to contact, Tula Gogolak, Director of Philanthropy, at tula@jp.foundation to discuss your vision for your future.

Guide to Planning for Your Legacy

• Understanding legacy or planned donations

  Understanding Planned Gifts

  A planned gift is a charitable contribution arranged in the present and allocated at a future date, typically as part of your overall financial or estate plan. Planned gifts often involve making a gift designation in your will or trust, or inclusion as a beneficiary of life insurance or retirement accounts.

  Why Make a Planned Gift?

  • Create a Legacy: Your planned gift will leave a lasting mark on the lives of those who benefit from the Foundation’s programs. It’s a way to ensure that your values live on in the people your gift will touch.
  • Tax Benefits: For some people, planned gifts can offer significant tax advantages, helping you and your heirs minimize estate taxes while maximizing your philanthropic impact. Be sure to consult with your financial advisor or attorney to discuss your particular estate goals and plans.

  Types of Planned Gifts

  • Bequests: A bequest is a gift that you designate in your will or living trust, directing that a specific dollar amount, percentage of your estate, or particular asset be transferred to the Jacques Pépin Foundation after your passing. This is one of the simplest forms of planned giving.
  • Retirement Plan Assets: You can designate the Jacques Pépin Foundation as a beneficiary of your IRA, 401(k), or other retirement accounts.
  • Life Insurance Policies: If you have a life insurance policy that you no longer need for its original purpose, you can name the Jacques Pépin Foundation as a beneficiary.

  Disclaimer: The information on this planned giving site is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as your consider your financial and philanthropic goals.

• Myths and truths and planned gifts

  Planned giving can sometimes sound complicated. In reality, a planned gift is simply a gift that you plan to give in the future. Planned giving is a way to support charitable organizations, like The Jacques Pépin Foundation, by designating gifts using your estate. Like anything else, there are some common misconceptions about making a gift using your estate.

  Myth: Planned gifts are complicated and confusing.

  Truth: There are many types of planned gifts, one of the most affordable is to leave a gift in your will or trust. You just need to find the one that best fulfills your goals.

  Myth: My estate has to be large to make an impact.

  Truth: By including The Jacques Pépin Foundation in your estate plan, for any amount, you make a lasting impact and a tremendous difference. One option is to leave a residual amount.

  Myth: I’m too young to think about making a will.

  Truth: Planning your estate is an important step at any stage of your life. A simple meeting with an attorney or financial advisor can help you ensure that your intentions are carried out. Use the Persevering Your Legacy Guide to help you gather the information needed before you visit your advisor.

  Myth: Charitable giving’s main benefit is to reduce your tax burden.

  Truth: While it’s true that different assets can have various tax implications for your estate, the real power of giving lies in the impact you create. By working with your advisor, you can develop a strategy that aligns with your financial goals, but more importantly, your generosity builds a legacy that will make a lasting difference for generations to come.

  We hope we answered some of your questions. As you work your way through the decision-making process regarding a planned gift, please know that we are here to help. Contact Tula Gogolak, Director of Philanthropy, tula@jp.foundation to learn more about charitable giving solutions for you or to let us know if you have any questions.

  Disclaimer: The information on this planned giving site is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as your consider your financial and philanthropic goals.

• Making a planned gift

  If you are considering a planned gift, we encourage you to consult with your financial advisor or estate planning attorney. They are best informed about your personal plans to help you determine the best options based on your financial situation and charitable goals.

  The Jacques Pépin Foundation is also here to assist you with any questions or provide additional information about the impact your gift can make. Download the Preserving Your Legacy Guide to help you begin the process or update an existing plan. When you meet with your advisors, everything will be recorded for easy reference.

  By planning today, you can ensure a brighter future for those we serve. Thank you for considering this meaningful way to support the Foundation’s work.

  Disclaimer: The information on this planned giving site is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as your consider your financial and philanthropic goals.

• Sample bequest language

  Here are the most common bequests with sample language for naming The Jacques Pépin Foundation as a beneficiary. You may also change your beneficiaries at any time, should your circumstances change.

  Residual Bequest

  This is a very popular choice for charitable bequests because it ensures that loved ones receive their distribution before any distribution to charity.

  “I devise the residue of my estate, after the satisfaction of all specific bequests and the payment of all taxes and other costs attending my death, to The Jacques Pépin Foundation, Inc., a not-for profit corporation, Tax ID (EIN): 81-2706568, with principal offices currently located in Barrington, RI.

  General/Fixed Dollar Bequest

  A stated sum of money, usually cash, to a beneficiary.

  “I bequeath the sum of $____ dollars to The Jacques Pépin Foundation, Inc., a not-for-profit corporation, Tax ID (EIN): 81-2706568, with principal offices currently located at

  Percentage Bequest

  Enables your bequests to grow as your assets grow.

  “I bequeath to The Jacques Pépin Foundation, Inc., a not-for-profit corporation (Tax ID (EIN): 81-2706568), with principal offices located in Barrington, RI an amount equal to ______ percent of the net value of my estate, as determined for federal estate tax purposes.”

  Contingent Bequest

  Assumes you want to leave your entire estate to family and friends. However, in the event that you outlive any of your beneficiaries, it provides an opportunity to designate The Jacques Pépin Foundation to receive that portion of the estate.

  “In the event that (name of the beneficiary) does not survive me, I designate The Jacques Pépin Foundation, Inc., a not-for-profit corporation, Tax ID (EIN): 81-2706568, with principal offices currently located in Barrington, RI.

  Legal Name: The Jacques Pépin Foundation, Inc.
  Address: P.O. Box #28, Barrington, RI 02806
  Federal Tax ID (EIN): 81-2706568

  Disclaimer: The information on this planned giving site is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as you consider your financial and philanthropic goals.

• Resource: A Guide to Planning for Your Future

  “Preserving Your Legacy: A Guide to Planning for Your Future” is our best resource to help you with your estate planning goals. This guide is intended to help you organize your documents and thoughts before you meet with your advisors to create a formal estate plan.

  Download the guide

For Advisors – The 1935 Society

We believe your client’s decision to include a gift to The Jacques Pépin Foundation in their estate plan is deeply profound. As an adviser, you are a trusted partner to your client, should you or your client have any questions regarding planned gift options, please contact Tula Gogolak, Director of Philanthropy at tula@jp.foundation.

For your quick reference, our legal name is:

The Jacques Pépin Foundation
Tax ID Number (EIN): 81-2706568
Incorporated in: June 2016