Planned Giving

p1010087.JPGThrough effective planned giving, you can balance your personal financial goals and your charitable interests while possibly realizing significant tax benefits.  A planned gift to the Make-A-Wish Foundation® of Northeast New York insures that your support will grant the wishes of children living with life-threatening illnesses well into the future.  Please let us know if you’ve named the Make-A-Wish Foundation of Northeast New York in your estate.

Bequests
A bequest is one of the most meaningful legacies you can leave a lasting impact. To include a bequest to the Make-A-Wish Foundation of Northeast New York in your will, we suggest this simple statement:  “I give, devise and bequeath to the Make-A-Wish Foundation of Northeast New York, One Mustang Drive, Cohoes, NY  12047 the sum of ____ dollars (or ____% of my estate, or the residual of my estate otherwise describe the gift) for the general purposes and uses of the Foundation at the discretion of the Board of Trustees.”

Bequest options to consider:
1.  Specific bequest - You designate a dollar amount or a specific asset (stocks, life insurance and real property) from your estate.

2.  Percentage bequest - You give a specific percentage of your estate.

3.  Residual bequest - You give a specific residue (what is left after the other terms of your will have been satisfied) to the Make-A-Wish Foundation of Northeast New York.

4.  Restricted bequest - You restrict your bequest to the Make-A-Wish Foundation of Northeast New York.  We have some great news for IRA owners who are age 70 or older.  If you are at least 70 years of age and own an IRA, you may now transfer a gift of up to $100,000 from your IRA to the Make-A-Wish Foundation of Northeast New York.  With the IRA gift, your donation will not be included in your taxable income, and no income tax deduction will apply.  Qualified charitable transfers must come only from IRA’s (not 401(k), 403(b), SEP-IRA or Simple IRA plans).  However, for some donors it may be possible to establish a new IRA and then roll over assets from another plan to the new IRA.  This IRA may then be used to make qualified charitable gifts.

The Foundation cannot provide you with legal or financial advice.  We encourage you to consult a tax professional and a legal advisor for your estate planning needs.