NYSARC

Plan Now to Give Later

NYSARC currently offers the following Planned Giving Products:

Charitable Gift Annuity | Pooled Life Income Fund

Charitable Gift Annuity

NYSARC’s Charitable Gift Annuity program helps our chapters raise money and increase their development efforts. It’s the simplest, most versatile planned-giving arrangement, and even lets you get some income back for your generosity.

The gift that you make may be as small as $10,000. Your income, or annuity payment, is backed by the general assets of NYSARC, Inc.

The Benefits

• It allows you to make a gift to your local NYSARC Chapter without sacrificing the income from your assets.
• You receive a substantial income tax deduction at the time your gift is made.
• You may save capital-gain tax and gain estate-tax savings
• Supplements retirement income and possibly preserve Social Security benefits.
• May allow you to provide income to others, such as your loved one with disabilities.

The Payments

We offer immediate gift annuities and deferred gift annuities. The NYSARC Charitable Gift Annuity program is regulated by the state Insurance Department and the annuity payment is determined by using rates promulgated by the American Council on Gift Annuities. Calls us for a projected calculation.

The annuity is structured so that under a normal life expectancy, half the initial gift goes to NYSARC and its chapter – 90 percent to the local chapter and the rest to NYSARC's Guardianship Services.

Establishing an annuity

The minimum irrevocable contribution is $10,000 in cash or marketable securities. Income beneficiaries must be at least 65 years old when income payments begin.

Pooled Life Income Fund

NYSARC Trust’s Pooled Life Income Fund offers a number of advantages that make it an efficient vehicle to give your beneficiary a lifetime supplemental income.

The Benefits

• Gives your beneficiary a lifetime income.
• Gives you an immediate tax deduction.
• Allows you to avoid capital gains tax on the securities you use to fund the trust.
• Helps you support NYSARC Inc., and its other trust funds.

The Payout

Your contributions to the fund with be added to those of other donors, and managed for the benefit of all the beneficiaries in proportion to the amount contributed by you and other benefactors.

Because the trust is separate from your estate, any funds you contribute to the Pooled Life Income Fund are not subject to the estate tax, should that apply.

Establishing the Pooled Life Income Fund

You can start with an opening deposit as little as $300. At the death of the person receiving the benefits of the trust, the remainder reverts to NYSARC to be used to help other people.