How to Give to the Westchester Rotary Foundation

You can do more to enrich and improve the lives of people in need and your community than you ever thought possible. And, you can do good and receive a lifetime income or leave something for your heirs. Yes! You can give your assets twice with careful planning.There are a variety of ways a gift can be made to the Westchester Rotary Foundation Endowment.

GIFTS OF MONEY

The most familiar and perhaps the easiest method of giving is to give cash. You have the satisfaction of making a gift and responding to an immediate need.

GIFTS OF APPRECIATED ASSETS

If you have stock or property you have owned a year or more that has increased in value, you will bypass capital gains tax and make a meaningful gift with little or no effect on your current spendable income.

CHARITABLE GIFT ANNUITIES

The oldest, simplest and most popular life-income gifts. A donor transfers cash or marketable securities or property to charity. In exchange, the donor and/or other beneficiary receives fixed quarantined payments for life. You get to claim a current charitable deduction for the portion of the asset that represents the charitable gift and a portion of each annuity payment is free of income tax for the life expectancy of the annuitant.

CHARITABLE TRUSTS

This is an agreement by which the creator of the trust – or another person – will receive income for life and the charity or charities of choice will receive the remainder of the trust fund upon the death of the life beneficiary. There can be substantial tax benefits to the donor and the recipients. Charitable trusts are the most flexible vehicle for estate planning and a method whereby you can give twice – to yourself and your beneficiaries and to charity.

GIVING THROUGH LIFE INSURANCE

Life insurance provides perhaps the greatest flexibility for contributing a gift of any size – large or small – at a relatively small cost.

GIFTS BY BEQUEST

You can designate a fixed dollar amount, a percentage of your estate, or all the residue from your estate through your will upon your death.