Ensure the Future of the YW. Join the Legacy Club.

By remembering the YWCA-NYC in your estate planning, you can help make sure that we will be here for the future generations. Current tax code can help you provide for both your heirs and the YWCA-NYC.

Steps to Recognizing the YWCA of the City of New York in Your Will

1. Decide on a gift.
   
2. Talk to your lawyer or financial advisor to be sure your bequest is in your will.
   
3. Notify the YWCA-NYC by writing a letter or e-mail that these steps have been taken.
   
4. Once completed, you will be a lifelong member of the YWCA-NYC Legacy Club. You'll receive invitations to special events and up-to-date communications about the YWCA-NYC.

Bequests
By including a charitable bequest in your will or revocable trust, you're ensuring theYWCA-NYC's future with no impact on your assets or cash flow during your lifetime. A charitable bequest is deductible for federal estate tax purposes, and is usually exempt from state inheritance taxes. A bequest may be designated for general support, the endowment fund, or a particular program or purpose.

Pecuniary Bequest
Give a gift of a specific amount of money:

I give/my trustee shall pay the sum of [dollar amount] to the YWCA of the City of New York to be used for general operating purposes.

Specific Bequest
Give a gift of specific property such as stock or real estate:

I give/my trustee shall distribute [full description of property] to the YWCA of the City of New York.

Residuary Bequest
Give a gift of the remainder (or all) of your estate or trust:

I give the remainder of my [estate/trust] to the YWCA of the City of New York to be used for general operating purposes.

Other Ways to Give

Retirement Plans
The YWCA-NYC can be designated as the sole or partial beneficiary of a retirement plan. Depending on your type of plan, designating the YWCA-NYC as a beneficiary can spare your loved ones the burden of paying income tax. Ask your plan manager for details.

Insurance Policies
If a life insurance policy is transferred to the YWCA-NYC, you will receive an income tax deduction of the cash surrender value of the policy. Alternatively, you can name the YWCA-NYC as the beneficiary of a policy that you own. There is no immediate tax deduction, but it does ensure significant future support.

Charitable Remainder Trust
A trust provides a source of income to a lifetime beneficiary (which could be you) and on the death of the income beneficiary, the remainder of the trust would be paid to the YWCA-NYC. If you set up the trust during your lifetime, you will receive an income tax deduction. If appreciated property is transferred to the trust, you will avoid the capital gains tax. Some people choose to couple these with a life insurance trust, so their heirs' bequests will not be reduced by the gift to the charitable remainder trust.

Transfer on Death (TOD) Account
In most states, it is possible to have a TOD bank account or stock ownership so that upon your death, ownership of the account or the stock would transfer automatically to the YWCA-NYC.

For more information, call 212.735.9781 or email jgrant@ywcanyc.org.

YWCA-NYC Tax ID #13-1624230

For a copy of the YWCA-NYC Legacy Club brochure, click here.