Planned Giving
Perhaps the most meaningful way to ensure the legacy of your generous spirit is through a bequest. By including Greenwich House in your will, you help sustain our vital services and programs for future generations to come.
There are several ways to include Greenwich House in your will (all options will help you reduce your estate taxes):
- Leave a specific dollar amount or a particular property
- Specify a set percentage of your estate
- Leave the remainder of your estate after providing for your heirs
The Mary Kingsbury Simkhovitch Legacy Society
The Mary Kingsbury Simkhovitch Legacy Society honors the enduring vision of our founder. In 1902, Mary Kingsbury Simkhovitch helped open the doors of Greenwich House, beginning her 44-year tenure as Executive Director. She envisioned the House as an integral, active part of neighborhood life, driving activism that addressed the most critical issues of the time—from services for immigrant families and seniors to programs focused on the arts and mental health. To ensure a second century of services that continue to address the greatest needs of our neighborhood and city, we honor Mary’s leadership with this society.
If you include Greenwich House as part of your estate or long-range financial plans—such as naming us in your will, as the beneficiary of a retirement plan, or in an insurance policy, you are eligible to become a member of the Mary K. Simkhovitch Legacy Society.
We acknowledge your thoughtful gesture with your name engraved on our beautiful Legacy Society plaque in the lobby of 27 Barrow Street. (Please note: this recognition is optional; you may remain anonymous if you choose).
For more information about planned giving options or our bequest program, please contact: Michelle Puchta Assistant Director of Individual Giving (646) 385-3028 mpuchta@greenwichhouse.org
Beneficiary Designation
By naming Greenwich House as a beneficiary of your IRA/retirement account, life insurance policy, or financial account, you make the most tax-efficient gift you can while saving other less taxed assets for your loved ones.
Important Note: Greenwich House does not provide legal or tax advice. Before making a planned gift, please consult with your estate attorney, tax advisor, or financial advisor.
While consulting an attorney is recommended, for those with simpler assets, FreeWill offers a comprehensive online tool that enables you to create a will or trust at no cost, from the convenience of your home. Learn more at FreeWill
Greenwich House in Your Will or Living Trust
When you make a bequest to Greenwich House in your will or trust, you are leaving a legacy that will have a lasting impact on all New Yorkers. You can make the greatest impact and ensure that Greenwich House can continue to provide its services with a bequest to our general operations. Please let us know the specific amount or percentage of the balance remaining in your estate or trust.
Sample Text: I give _______ (dollar amount or % of estate) to Greenwich House, a not-for-profit organization, with its principal offices located at 623 Broadway New York, NY 10014. Tax ID #13-5562204. This gift should be used for (Greenwich House’s ongoing efforts or program. This gift is unrestricted in its use and purpose.
Charitable Remainder Trust
If you have built a sizable estate and are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals with income each year for life or a period not exceeding 20 years from assets you give to the trust you create. You will receive an immediate tax deduction for part of your contribution to the trust and save on capital gains taxes when you fund it with appreciated securities. At the end of the trust term, the balance in the trust goes to Greenwich House. Please note that Greenwich House does not manage these trusts for donors.
IRA Rollover
Individuals who are 70 1/2 or older may transfer up to $105,000 a year directly from their traditional or Roth IRA to a qualified charity, such as Greenwich House. The amount of the transfer will not be included in your taxable income, and beginning in the year you turn 73, the transferred amount can count toward your required minimum distribution. (The gift cannot, however, be claimed as an income tax deduction.)
- Please contact your IRA administrator to ensure they are prepared for your request.
- Send your IRA administrator a letter requesting the distribution (Sample Letter to Your IRA Administrator )
- Send Greenwich House a copy of your letter so that we can expect the distribution and deposit it as you have requested. Send a copy of your letter to:
Greenwich House Development Department, 27 Barrow Street, New York, NY 10014
- We will mail you confirmation when we receive your distribution.