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Planned Giving |
Imagine if all that money you've saved for retirement not only helped you in your golden years, but then went on to help thousands of destitute children get an education—their ticket out of poverty.
Imagine if you could take an asset, such as an appreciated apartment building, and increase the income that you generate from it—by donating it to a charitable organization that could sell the property without capital gains and invest the proceeds, paying you a monthly income for life and then, at your death, helping thousands of impoverished children improve their lives. What a legacy!
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Don't yet have a Will? We want all friends of NYOF to be able to plan their estate for the benefit of their loved ones. |
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Imagine if you could do the same thing with some highly appreciated stock that isn't giving much income. You would benefit yourself, your family, and generations of children who, thanks to this support, were able to pull themselves out of poverty.
These are only a few of the many ways in which "planned giving" can help NYOF while also helping you. Planned giving may be as easy as remembering NYOF in your Will. Alternatively, you could establish a charitable trust that benefits you, your heirs, and NYOF to boot. (Real estate could be used to establish such a trust.) You could also designate NYOF as the beneficiary of your retirement fund or insurance policy. Upon your death, these proceeds would be distributed to NYOF free of income tax liabilities. This is an attractive benefit when planning with retirement funds.
| Planned gifts are extremely helpful for NYOF because we take so seriously our responsibility to the children under our care. When we become involved with children who have no other means of support, we need to be there for them until they can stand on their own feet—just as any good parent would. We cannot tell our kids that they have to return to the street or quit school because it has been a bad year on the stock market and donations are down. We need a source of enduring support that is not subject to fluctuations in annual fundraising or the economy. Planned gifts provide this kind of secure, long-term funding. |
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Bequests, charitable trusts, and other forms of planned giving are tailored to meet the most exacting requirements of the donor. Besides supporting NYOF, your gift may:
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Cost little or nothing now;
- Reduce estate tax;
- Bypass capital gains tax;
- Provide income to you;
- Benefit your family.
NYOF donors aged 38 into their 80s have made planned gifts to NYOF, joining NYOF's Legacy Circle. Explore the links on this page to see how planned giving might work for you. Then give us a call at (415) 331-8585, or email us at info@nyof.org. Although NYOF does not provide tax advice, its planned giving specialist can provide you with immediate estimates of your tax and income benefits from a variety of planned giving arrangements and work with you and your attorney in structuring a gift that benefits you.
 | What kind of donors should consider a charitable remainder trust? Donors who need a device that will pay them for life, allow them to bypass capital gains tax on stock or real estate, reduce estate tax, and find satisfaction in providing for a good cause like NYOF. Of course, you will have to consult your legal counsel when establishing any of these charitable and estate planning vehicles. |
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