Planned gifts provide for the future of the Thomas Jefferson Foundation and Monticello. These commitments allow us to further our stewardship of Jefferson's ideas, and to advance our dual mission of education and preservation.
For more information about planned giving or to notify the Foundation of a planned gift, please contact us at give@monticello.org or (434) 984-9820.
An outright bequest of cash, securities, real estate, or tangible personal property is one way to provide for the Thomas Jefferson Foundation in your will. You may indicate a specific amount, a percentage of your estate, or a particular piece of real estate or other property.
A residual bequest provides that the Foundation receives the "residue," or the balance remaining, of your estate after specific bequests are satisfied. Wills or living trusts can also establish testamentary trusts, which can provide income to another person or persons for life before the principal assets pass to the Thomas Jefferson Foundation.
For bequests of $100,000 or more, the Foundation will create a fund named for the donor. Such bequests are a lasting legacy and will be recognized by the Foundation in perpetuity.
For more information about planned giving or to notify the Foundation of a planned gift, please call us at (434) 984-9820 or e-mail us at give@monticello.org.
There are several ways to make a gift today that will benefit Monticello sometime in the future. A Charitable Remainder Unitrust (CRUT) removes an asset from the donor's estate and designates the Foundation as the trustee or the irrevocable beneficiary. CRUTs provide donors with a current tax deduction and allow them to retain the income generated by the asset during their own, and sometimes an additional beneficiary's, lifetime(s). The remainder value of the trust, when it is dissolved on the death of the last beneficiary, supports Monticello. For trusts of $100,000 or more, the Foundation will act as trustee.
A Charitable Lead Trust is a different type of deferred gift in which a donor puts an asset in trust for a period of time so that the income generated by the asset benefits the Foundation. At the end of the designated period, the asset is passed on to a named recipient. This is an especially tax advantageous gift vehicle for passing an asset from one generation to another while also helping Monticello.
The Foundation is prepared to work with donors, their attorneys, and financial planners in setting up and administering trusts, to include the preparation of trust tax returns. For more information, please call us at (434) 984-9820, or e-mail us at give@monticello.org.
"Mr. Jefferson has left us so much that it behooves us to leave a legacy for future generations at Monticello."
—Jerry and Joanne Robinson
Retirement Accounts
One of the easiest ways to make a planned gift to the Thomas Jefferson Foundation is by making it the beneficiary of a retirement account such as an IRA, SEP, 401(k), 403(b), or other retirement plan. This beneficiary designation can usually be accomplished by completing a beneficiary designation form either by mail or online. Naming the Thomas Jefferson Foundation as a partial or full beneficiary of your retirement plan may result in significant income or estate tax savings.
Life Insurance
A low-cost way to make a significant gift to the Thomas Jefferson Foundation is to make the Thomas Jefferson Foundation the beneficiary or owner of a new or existing life insurance policy. If you continue to pay the premiums after the gift of the policy, you can receive an income tax charitable deduction when each premium is paid.
For more information about planned giving or to notify the Foundation of a planned gift, please contact us at (434) 984-9820, or e-mail us at give@monticello.org.
The Portico Society
In 2008, the Thomas Jefferson Foundation established the Portico Society to recognize, honor, and thank individuals who have remembered Monticello in their estate planning, either by a provision in their wills or another form of deferred gift.
If you have already made a planned gift to Monticello, we hope that you will share your intentions with us so that we can welcome you to the Portico Society. As a Portico Society participant, you will receive invitations to select events and programs, and with your permission, will be recognized in Monticello publications.
The Portico Society
Thomas Jefferson Foundation
P.O. Box 217
Charlottesville, Virginia 22902