Planned
Giving Opportunities
Creating a Legacy
for the Future
Long range charitable planning may permit you
to make a more substantial gift than you thought
was possible and you may receive greater tax
benefits. Some of these gifts include:
Bequests
If you are considering including the Club in
your will, the following suggested language
should be shared with your attorney: “I
give, devise and bequesth to the Grenville Baker
Boys & Girls Club, 135 Forest Avenue, Locust
Valley, NY 11560, the sum of $_____ (or otherwise
describe the gift of specify a percentage of
the estate) to be used for its general purposes.”
Charitable Gift Annuity
The charitable gift annuity is a wonderful opportunity
to make a gift that will support the Grenville
Baker Boys & Girls Club in the future while
providing an immediate or deferred stream of
income for yourself or others, receive an income
tax deduction when you make the gift, and save
on estate taxes. Payout rates are determined
by life expectancies and are very attractive
at higher ages.
The rates for a Grenville Baker Boys & Girls
Club charitable gift annuity are based on the
age(s) of the annuitant(s). There are single
life rates and joint and survivor rates for
two individuals. Older annuitants receive a
higher rate. Below is a sample list of single
life annuity rates based on the age of the donor
at the time of gift.
| Single Life |
Age Rate |
| 60 |
5.0 |
| 65 |
5.3 |
| 70 |
5.7 |
| 75 |
6.3 |
| 80 |
7.1 |
| 85 |
8.1 |
| 90+ |
9.5 |
| |
|
Charitable Trusts
Secure a current or future income stream for
you and/or your family and receive an income
tax deduction now and provide for the future
needs of Grenville Baker Boys & Girls
Club.
Life Insurance
Name the Club as a beneficiary of a paid-up
life insurance policy when your family responsibilities
decrease. You may also establish a new
policy or continue paying the premiums of an
existing policy and name the Club as a beneficiary.
Retirement Plans
You can name the Club as a Beneficiary of
all or a portion of an IRA, 401k, 403b or other
retirement plans.
Donors who notify us that they have provided
for the Club through a planned gift become
members of The Heritage Society.
For additional information about Planned Giving
please visit www.Clubgift.org.
If you have any questions please call John DeCristoforo at (516) 759-5437 x14 or email him at john.decristoforo@gbbgc.org.
Thank you again!
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