By naming the Greenwich Historical Society in your estate plans, you will become a member of the The Vanderbilt Society and provide much-needed support for the Reimagine the Campus Campaign.
Options may include:
Make the Greenwich Historical Society the beneficiary of a charitable remainder trust
Establish a charitable gift annuity focused on specific programs
By donating stock to a charitable trust or annuity, you will receive a current income tax charitable deduction, avoid capital gains tax on the sale of stock, and receive quarterly payments based upon full pre-tax market value of stock. Any remaining funds will transfer to the Greenwich Historical Society after you (and/or a beneficiary) passes away.
Give directly from your IRA and receive a charitable deduction, avoiding penalty tax otherwise payable on withdrawal.
Make a year-end gift and receive a current income tax deduction and reduce the taxable portion of estate (IRS limitations apply)
Avoid capital gains tax with a contribution of appreciated securities
Consider a donation of art or other property
Greenwich Historical Society Vanderbilt Society Sample Testamentary Language
Restricted Bequest for a Named Endowed Fund
I give and bequeath to The Greenwich Historical Society, a not-for-profit educational corporation located at 39 Strickland Road, Cos Cob, CT 06807, the sum of ______________ dollars ($_____) to create the ____________________ Endowed Acquisition Fund (hereinafter the “Fund”) in the Historical Society's Department of ____________________ Income from the Fund shall be used to ____________________. It is my preference that the income be applied particularly ____________________ Income from the Fund, including realized capital appreciation, shall be used each year for the purposes of the Fund, or if not, may be used in a subsequent year or added to the principal of the Fund. Works purchases from the income of the Fund shall carry appropriate donor acknowledgment.