Bequests

A bequest is a gift made by will or trust and can allow you to make an important contribution to The Hoboken Shelter without diminishing your assets during your lifetime. The most useful bequest is unrestricted, which allows the Shelter to use your gift wherever it is most needed at the time.

Bequests can take the form of a specific dollar amount, particular assets (such as publicly traded stock and securities, real estate, cryptocurrency or tangible personal property); all or a percentage of the remainder of your estate after all other obligations have been satisfied (a residuary bequest); or even a contingent bequest, naming The Hoboken Shelter as the beneficiary only if the named beneficiary is unable to accept the bequest. An outright bequest to the Shelter is fully tax-deductible for estate tax purposes. If you have already prepared a will, your attorney can add The Hoboken Shelter as a beneficiary through a simple amendment called a codicil. If you wish to designate your gift for a specific purpose, we strongly advise you to discuss your intentions with Shelter leadership to ensure we can fulfill your wishes. There are many other planned giving vehicles to help you maximize the impact of your assets. Please consult with your financial advisor or a tax attorney to understand which options are best for you.

There are many other planned giving vehicles to help you maximize the impact of your assets. Please consult with your financial advisor or a tax attorney to understand which options are best for you.

Talk to your financial advisor about:

• Charitable Gift Annuities

• Charitable Remainder Unitrusts

• Charitable Lead Trusts

• IRA Charitable Rollover Gifts

• Real Estate Gifts

• Bequests

We encourage you to speak with your lawyer or financial advisor to decide what vehicle is best for you. Your planned gift will leave a lasting impact that touches countless lives!

Here is suggested legal language for including Communities of Faith for Housing, Inc. / The Hoboken Shelter in your will or estate plan:

“I give to Communities of Faith for Housing, Inc. / The Hoboken Shelter, a New Jersey based non-profit with its principal offices at 300 Bloomfield St., Hoboken, NJ, the sum of $___ or ___% of my residual estate to be used for its general purposes.”

For more information about including The Hoboken Shelter in your Estate Planning, please contact email the Development Team at development@hobokenshelter.org

Communities of Faith for Housing, Inc. /
The Hoboken Shelter Information:

Name: Communities of Faith for Housing, Inc. / The Hoboken Shelter

Legal Address: 300 Bloomfield St., Hoboken, NJ 07030

Federal Tax ID #: 22-3174286

Relationship: Non-Profit Organization