However, there is a way to insure that the amount of a charitable donation is entirely exempted from your income tax and the full amount can be donated for the cause of your choice. If those withdrawn funds are then donated to a charity, that donation may or may not be deductible from taxable income as a charitable donation because of various restrictions. Holders of IRA’s and other tax qualified savings plans are required to receive a minimum distribution (the “RMD”) each year after they reach the age of 72. Giving to The Societyįor those over the age of 72, the IRS has offered a way to donate to one’s favorite non-profits so that the amount will be exempted from income taxes and more funds will be available to the organization. Make your mark and provide an important lasting legacy.Ĭontact Executive Director Robert Liebeskind for more information. Ensure that Ethical NYC will grow and prosper, and that we can continue to be a voice for compassion and social justice for years to come. The Future of the New York Society for Ethical Culture is in your hands. ![]() When you demonstrate that you care enough about our Society to support its future, others will follow your generous example. Your gift provides a continuing voice for social justice and caring community. Regardless of the amount, your bequest is a statement of your ethical values. Bequests and other estate gifts come in all shapes and sizes and are as different as the people who create them.Īnyone can make a meaningful gift to Ethical NYC in their will. You can use your will to give a specific dollar amount, a percentage of your estate, or a specific item, such as real estate, a boat, artwork, the family silver, copyright or royalty income, or savings bonds. A bequest allows you to be generous and keep your financial options open. Charitable bequests are for everyone and anyone. You don’t have to be a millionaire to make a difference in the world. Your generosity provides a lasting legacy to Ethical Culture ideals, and a bequest to Ethical NYC will light the way for generations to come. ![]() Be a torch bearer for the New York Society for Ethical Culture! Whether you are writing your first will or updating an existing one, we hope you’ll choose to include a gift to the New York Society for Ethical Culture in your plans.
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