You can support the mission of Jacob A. Riis Neighborhood Settlement while maximizing the benefits of a deferred gift. Your gift becomes part of your estate planning to protect valuable assets from income, capital gains and/ or estate taxes.
Naming opportunities are available for each and all of the Riis Settlement programs. Just as Jacob Riis’s legacy lives on through the important work we do, you can leave a legacy with a planned gift.
Here are some popular estate planning techniques:
Requests by Will or Living Trust
You can leave a bequest in your will or trust. You retain control of your assets during your lifetime and avoid estate taxes.
Gifts of Life Insurance
Life insurance policy gifts can create a substantial endowment. You transfer ownership and beneficiary designation of an existing policy and continue to pay the premiums. You get an immediate income tax charitable deduction and your premium payments also are tax deductible.
You also can transfer ownership of a paid life insurance policy to Riis Settlement, which can elect to cash in the policy or collect the death benefit at a later date. You receive a charitable tax deduction for the cash surrender value of the policy.
You can name Riis Settlement as the beneficiary of an existing life insurance policy. The policy’s death benefit will be deducted as a charitable gift from your assets.
Charitable Gift Annuities
Offer a guaranteed high rate of return with an income tax charitable deduction and tax sheltered annual income. At the end of the annuity, the reminder will go to Riis Settlement to carry on its programs.
Charitable Lead Trusts
You can transfer cash, securities or other property to a trust, which in turn provides fixed annual income to Riis Settlement for the term of the trust. When the trust ends, the contributed assets go to your designated heirs. Income and capital gains taxes and estate taxes are either reduced or avoided by you and your heirs.
Charitable Remainder Annuity Trusts
You can give cash, securities or other appreciated property to a trust which pays you a fixed income for life, and then the trust principal belongs to Riis Settlement. Your income tax is reduced by this charitable deduction and you avoid any capital gains tax.
Charitable Remainder Unitrusts
You donate assets to a trust which pays you a percentage of the market value of the trust for life. When the trust ends, the assets go to Riis Settlement. You receive an income tax deduction and pay no capital gains taxes on any appreciated securities which you donate to the trust.
Pooled Income Fund
A pooled income fund allows you to contribute assets (cash or securities) to an approved charitable fund with the Riis Settlement named as the beneficiary. You receive an immediate income tax charitable deduction, avoid capital gains taxes and reduce estate taxes. You receive income for life based on your proportional share of the assets in the pooled income fund.
Planned Giving Contact:
Amanda McEnery, Director of Development and Communications
firstname.lastname@example.org 718-784-7447 ext 116