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Planned Giving
Planned Gifts
Planned giving and bequests are essential to ensuring that we will continue to serve the September 11th community and educating visitors. Please call 1-212-422-3520 ext 117 for information regarding planned giving and bequests. Members and friends may support the Association in a number of ways. The giving opportunities range from gifts of cash and securities to life income gifts and sophisticated estate-planning vehicles that have favorable financial and tax benefits.
The term "planned giving" refers to any major gift that involves financial or estate planning. Such gifts can provide important benefits both to you and to the Association. The different types of planned gifts include bequests, life income plans (charitable gift annuities and charitable remainder trusts), charitable lead trusts and gifts of life insurance policies.
Bequests
Bequests are gifts made by will. They are the most popular type of planned gift. Whether you wish to provide general operating or specific program support to the Center, your bequest expresses your lasting commitment to the Association. A bequest to the Association may also help you meet your financial and estate-planning goals, since an estate and gift tax charitable deduction of the entire amount of the gift is allowed. While your estate plan will be prepared by your attorney in consultation with your tax and financial advisors, the Association would be pleased to discuss the various giving opportunities with you.
Types of bequests include:
- A cash bequest of a specified dollar amount.
- A specific bequest which the Association receives specified assets, such as marketable securities.
- A residuary bequest or devise, by which the Association receives all or a percentage of the remainder of your estate after specific legacies, debts, taxes and estate expenses have been deducted.
- Qualified retirement plan assets, by which you name the Association as a beneficiary or contingent beneficiary of all or a specified percentage of your plan assets. With this type of bequest, you can support the Association while also removing from your estate assets which may otherwise be subject to heavy taxation. Generally, if you intend to make both non-charitable and charitable gifts at death, it makes sense to use your tax-deferred retirement plan assets for charity and other assets for heirs. Retirement plan assets can also be placed in a testamentary charitable remainder trust to provide income to your heirs for life or a term of years, with the remainder interest passing to the Association.
Contact our development office for further information at 1-212-422-3520 ext 117.
This website is designed to give you general information about various ways of giving to the Association, including some of the potential financial benefits. It is not intended to provide specific advice about the legal or tax implications of charitable giving. Before making a gift to the Association, you should consult with your accountant, counsel, or financial advisor for a thorough analysis of your individual situation and the tax consequences and to decide which of these ways of giving might work best for you.