Last Will And Testament
Everyone, no matter your current financial status, should have a Last Will and Testament. A Last Will and Testament not only directs who is in charge of your estate (taking care of any assets, distributing your personal items, paying financial expenses), but also names a Guardian for any minor children and a Trustee who would manage the funds for the children’s care. You may choose to work with your own attorney to include a gift of a portion of your estate, or one of our Certified Trust Officers would be glad to meet with you and have our attorney prepare documents for you. Your gift to the Greater New York Conference Association of Seventh-day Adventists can be given as an unrestricted gift, or you may specify what ministry, church, and/or school, it is to be used for. LEARN MORE
You designate our organization as the beneficiary of your asset by will, trust or beneficiary designation form. LEARN MORE
Understanding Charitable Request Language
An excellent way for you to support Greater New York Conference of Seventh-day Adventist’s mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy. LEARN MORE
Beneficiary Designation
You can make the Greater New York Conference Association of Seventh-day Adventists a beneficiary (or contingent beneficiary) of a retirement, investment, bank account, CD, or life insurance policy. Perhaps when you were younger you purchased life insurance that would not only cover your final expenses, but also the balance of your mortgage & other debts, as well as continuing to provide for your spouse and minor children if you were no longer able to do so. However, your children are now grown and on their own, your debts paid (or mostly paid), and your assets are such that your spouse wouldn’t need the proceeds, or all of the proceeds, from your insurance. You might consider making a gift of the policy, or a portion of the policy. LEARN MORE
Family Trust
Unlike a Will, a Trust is a legal device that is used to avoid probate, retain privacy, and, in some cases, avoid or delay taxes. It’s estimated that only about 20% of Americans have Family Trusts. So what does a Trust do, and how do you know whether a Trust could benefit you?
Charitable Gift Annuity
A Charitable Gift Annuity will pay you fixed payments for the rest of your life, in exchange for your gift of cash or appreciated property. Your payments are determined by a rate that is based on your age at the time of your gift. You may also choose to defer your payments to a later date (perhaps when you reach retirement age) and receive higher payments. LEARN MORE
Charitable Remainder Unitrust
A charitable remainder trust is an irrevocable trust that provides regular payments to the donor and any beneficiaries. The remainder, then, is donated to the charity selected. Unlike a charitable gift annuity, the payouts can be fixed or variable based on investment returns of assets in the trust. Variable payments can be beneficial to you if the investments in the trust (such as stocks and bonds) are appreciating in value. The payments would also increase and possibly keep up with the rising cost of living. LEARN MORE
Charitable Remainder Annuity Trust
You transfer your cash or appreciated property to fund a charitable remainder annuity trust. The trust sells your property tax free and provides you with fixed income for life or a term of years. LEARN MORE
Bargain Sale
You sell your property to the Greater New York Conference Association of Seventh-day Adventists for a ‘bargain’ price – well below the fair market value. You receive cash and you can take a charitable deduction that is equal to the difference between the market value and the purchase price. LEARN MORE
Life Estate Reserved
In Texas the law has provided a way for you to make a gift of your home property while still retaining a life estate in the property as well as the right to sell the property and to retain all income from the property for as long as you live. This is done through an Enhanced Life Estate Deed. The Enhanced Life Estate Deed also gives you the added benefit of being protected from Medicaid Recovery. Should you ever need to apply for Medicaid to pay for long term care/assisted living, the State of Texas will not be able to recover the funds that were paid for your care from the sale of your property. LEARN MORE
Charitable Lead Trust
You fund a trust that makes gifts to us for a number of years. Your family receives the trust remainder at substantial tax savings. LEARN MORE
Sake And Unitrust
You give a portion of your property to us to fund a charitable remainder trust, when the property sells you receive cash and income for life. LEARN MORE
Give It Twice Trust
You provide your children with a stream of income while making a gift to charity. LEARN MORE
Donor Advised Funds
You fund a DAF and make charitable gift recommendations during your lifetime. When you pass away, your children can carry on your legacy of giving. LEARN MORE