You can support the Wassaic Project’s mission far into the future by adding a bequest to your will or living trust. This type of gift will not alter your current lifestyle, and is fully deductible for estate tax purposes.
Following is an example of language you can use:
“To the Wassaic Project Inc, a not-for-profit, tax-exempt organization incorporated in the state of New York in 2012, having as its principal address PO Box 300, Wassaic, NY 12592, and tax identification number EIN 27-2691962 I, [name], of [city, state ZIP] hereby give and bequeath the sum of $______ or _____percent of my estate to be used as determined by Wassaic Project for general purposes.”
Send gifts of stock and marketable securities to:
DTC Clearing 0164, Code 40
Account Name: The Wassaic Project
Charles Schwab Account Number: 3997-5103
If you name the Wassaic Project as a beneficiary of your retirement funds, the entire designated amount passes to us tax-free and your gift is fully deductible for estate tax purposes. Alternatively, retirement accounts like IRAs, Keoghs, and 401(k) plans are taxed as income to your heirs, and may be subject to estate tax. You may designate:
• Your entire retirement account
• A set dollar amount
• A percentage of your total retirement funds
• An amount contingent on other conditions being met, such as having a loved one predecease you.
Consult your financial advisor or your employer’s human resource department for a simple form on designating the Wassaic Project (tax identification number EIN 27-2691962) as a beneficiary of your retirement account.
There are a variety of other types of planned gifts that are of great help to us and that can also help you create wealth and leave a lasting charitable legacy. These include charitable gift annuities, deferred payment gift annuities, charitable remainder trusts, IRA rollover gifts, qualified charitable distributions, and others. Please contact us or your financial planner to see if these types of gifts are right for you.