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Planned Gifts –
Planning for the Silver Bay of Tomorrow
By naming Silver Bay as a beneficiary of your will, revocable trust,
retirement plan, or other estate plan, you are acknowledging the
importance of Silver Bay’s mission for generations to come.
All individuals who include Silver Bay in their estate plans are members
of the White Birch Club.
Click here for more information on the White Birch Club.
Bequests
Simple bequests comprise 80% of all planned gifts. You are
encouraged to consult with the Development Office when making
a bequest provision in your will, retirement plan or other estate
plan. They can provide the appropriate legal name and language to
ensure that your bequest can be used in the way you intend it.
For more information, please contact Kim Pacala, Development Director,
at 518-543-8833 X208 or at kpacala@silverbay.org.
Pooled Income
An irrevocable gift of at least $1,000 can be “pooled’ with those of
other donors in balanced common trust fund managed by The Bank of
America. Each quarter you will receive a proportionate share
of the net income earned by the fund. While this income is taxable, it is
fairly predictable and there are certain tax advantages. For more information,
please contact Kim Pacala, Development Director, at 518-543-8833 X208
or at kpacala@silverbay.org
Retirement Plan Assets
Assets held in a qualified retirement plan can be one of the most effective ways
to support Silver Bay. You can name Silver Bay as the full or partial beneficiary
of your IRA, 401(k), or other retirement plan.
For more information, please contact Kim Pacala, Development Director,
at 518-543-8833 X 208 or at kpacala@silverbay.org.
Life Insurance
Life insurance may be used in a variety of ways to provide a future
gift to Silver Bay or to replace contributed assets for the benefit of
your children or other heirs. You can name Silver Bay as the
beneficiary of a current life insurance policy or you can purchase a
new policy and name Silver Bay as the owner and beneficiary. For
more information, please contact Kim Pacala, Development Director,
at 518-543-8833 X 208 or at kpacala@silverbay.org.
Retained Life Estates
You can donate property (e.g. a home or farm) to Silver Bay, but
retain the right to use the property for your benefit for as long as
you live. For more information, please contact Kim Pacala,
Development Director, at 518-543-8833 X 208 or at
kpacala@silverbay.org.
Charitable Remainder Trust
A charitable remainder trust provides income to you and/or another
beneficiary for life or a term of years. Charitable remainder
trusts may be established to provide either a fixed income or a variable
income. For more information, please contact Kim Pacala, Development
Director, at 518-543-8833 or at kpacala@silverbay.org |
