Planned Giving Program
Thank you for considering a gift to the Planned Giving Program. Below is a list of the different ways of giving.
Long Room Association Planned Giving Society
We have established the Long Room Association as a planned giving society to recognize members who have documented an intended bequest or other planned gifts with an estimated value of $100,000 or more. These planned gifts could be through a will or a trust; IRA or donor advised fund account beneficiary designation; life insurance policy beneficiary designation; or a payable on death account at a bank or brokerage firm. Those who contribute at least $100,000 to the Building Maintenance Endowment Fund or the Museum Endowment Fund, either directly or through an IRA or donor advised account, will also qualify for membership in the Long Room Association.
The Society thanks the current Long Room Associates for their support:
Kenneth H. Chase
Peter C. Hein
Hon. John L. Loeb, Jr.
Robert N. McKay, Esq.
Peter Gibb Cropper Nemiroff
George Gardner Watson (deceased)
Craig H. Weaver
Stephen T. Whelan
Tina K. and Kent D. Worley
Please contact Development Officer Diego Foronda at 212-425-1778 ext. 225. for more information on the Long Room Association Planned Giving Society or if you believe you may qualify.
Bequests or Provision in Trusts
A gift from your estate in the form of cash, securities, or other property made through your estate plans is an excellent way to participate in the Planned Giving Program. Remembering the Society with a bequest or gift from a trust will help sustain and strengthen our mission for years to come. Estate plans should be prepared by and with the advice of an attorney to ensure that your intentions are carried out. To learn more about bequests or gifts through a trust, please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Retirement Plans & IRAs
Giving from your retirement plan as part of your estate plan can be a tax-efficient and simple way to include the Society in your estate plan. You can also give currently from your IRA. Since SRNY is a non-profit, we will not pay income tax on the distribution nor will the gift be subject to estate tax. Those who are 70 1/2 or older can make a Qualified Charitable Distribution of up to $100,000 per year directly from an IRA account, which provides tax advantages to the donor. To learn more about how to make a gift through your retirement plan and IRAs please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Gifts from a Donor Advised Account
SRNY accepts gifts from Donor Advised Accounts. If you have a donor advised account, search your provider’s grant website for Sons of the Revolution in the State of New York using our EIN 13-5563011. To learn more about how to make a gift through a donor advised account, please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Gifts of Securities
Gifts of securities often confer significant tax benefits on a donor. Gifts of publicly traded securities that have appreciated in value allow you to claim a charitable deduction for the full market value of the securities on the date the gift is made. Gifts of securities are also not subject to the capital gains tax. Securities can be transferred to the SRNY in a variety of ways. When planning to make a gift of securities please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Life Income Plans
Life income plans can be an excellent way to support the Society while ensuring your own financial future or that of your loved ones. You can make a gift to SRNY through a Charitable Remainder Trust or Charitable Gift Annuity that will pay you and/or another beneficiary annual income for life. At the death of the last income beneficiary, the remaining principal is transferred to the Society. To learn more about life income planned giving please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Gifts of Real Estate
Real estate is a versatile asset. Whether it is a personal home, vacation home, undeveloped property, or a farm it can be contributed in many different ways that are highly effective. One way to make a gift of real estate is to use the property as a way to fund a trust that makes payments back to the organization. It can also be given as an outright gift. To learn more about ways to make a gift of real estate please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Life insurance is both easy to give and receive making it an ideal planned giving gift. To learn about the tax consequences to the donor, appraisal guidelines and how to set-up the administrative procedures to pay the premiums please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Charitable Lead Trusts
A charitable lead trust is a unique way of giving. It can be used to transfer assets to children or others at a significantly reduced tax liability. The trust makes a fixed payment to the Society for a specific term, measured either by someone’s life or a selected number of years. After the term ends, the assets of the trust are either returned to you or passed on to the beneficiaries. A charitable lead trust can be a powerful tool in planned giving. To learn more please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.
Other – Art and Antiques
An often overlooked way to support the Planned Giving Program is through the donation of art and antiques of no mission related value. The pieces are given to the Society with the plan to have them sold and the proceeds of the sale returned to the Society. To learn more about this please contact Development Officer Diego Foronda at 212-425-1778 ext. 225.