Creative Ways to Give
Making charitable contributions is an art – a creative process that adapts to the changing needs and wishes of the donor. Here are some creative ways of giving where your dollar would make an enormous impact ensuring that we grow with the ever changing needs of healthcare in our community. As you decide on creative ways to support Montefiore Nyack, please speak with your financial advisor, attorney or CPA to see if these opportunities best align with your financial goals.
Planned Giving: The 1895 Society
Charitable bequests and living trusts have become an important part of Montefiore Nyack Foundation’s philanthropic tradition. These special gifts enable many individuals to make significant gifts that they could not have made during life. Your planned gift will not only allow you to leave a legacy here at Montefiore Nyack but will also help provide comfort and compassionate care to the more than 180,000 patients we support annually. We would be delighted to work with you and your advisors in arranging the planned gift that works best for you. Click here to see our Planned Giving brochure.
Life Insurance
While most people own some form of life insurance because of it's unique ability to meet a variety of needs for financial protection, it's role in charitable giving is often overlooked. Life insurance can allow you to leave a legacy for not only for the people you love but also for organizations and causes that are important to you like Montefiore Nyack Foundation. You can name Montefiore Nyack Foundation as the beneficiary just as you can people. If you have an existing policy, its easy to change the beneficiary to a charity.
Donor Advised Fund (DAF) – This unique charitable giving vehicle is an account at a sponsoring organization, generally a public charity, where an individual can make a charitable gift such as cash, stock or other assets to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time. The contribution a donor makes to their donor-advised fund is 100% irrevocable and destined for their favorite 501(c)(3) charity such as Montefiore Nyack Foundation.
Stocks & Real Estate
A gift of appreciated property such as securities or real estate is a popular alternative to a gift of cash and may generate double tax benefits.
IRA'S
Giving to Montefiore Nyack Foundation directly from your IRA is easy with few basic requirements.
1. Must be 70 ½ or older.
2.Gift must be directly from the IRA to an eligible charity such as Montefiore Nyack Foundation.
3.Gifts to all charities combined cannot exceed $100,000 per taxpayer per calendar year ($200K if you are married).
4.Gift is a donation and no goods or services can be exchanged for the gift.
Contact your IRA custodian or Fund Manager, instruct them that you want your distribution or a portion to be a charitable rollover gift to Montefiore Nyack Foundation. Advise the Fund Manager to include your name, address and phone on the check and any documentation. Finally, notify Tracie McLee of your generous gift by calling (845) 368-2771 or email tmclee@montefiorenyack.org.
