Peconic Great South Baykeeper

PLANNED GIVING

Matching Gifts
You can increase the value of your cash contribution to Peconic Baykeeper if your employer has a matching gift plan. Please take the time to contact your personnel office to find out if your company will match your contribution.

Securities Gifts
By making a gift of stock or other security that has increased in value since its purchase, you avoid paying capital gains taxes. In addition, the full fair market value of the security is deductible (as a charitable contribution) up to 30% of your adjusted gross income. Check with your accountant for the most up-to-date tax information.

Retirement Plans*
You can name Peconic Baykeeper as the primary or contingent beneficiary in your IRA, Keough, 401(k), 403(b) or other qualified pension plan. Distributions from these plans are not subject to probate or federal estate taxes.

Life Insurance*
Name Peconic Baykeeper as the full or partial beneficiary in either a new or existing life insurance policy.

Donate a paid-up policy
Donate a paid-up whole life insurance policy to Peconic Baykeeper by naming the organization as the sole owner and sole beneficiary. In this case, you can take a charitable deduction approximately equal to the cash value of the insurance policy at the time of the gift. Consult your insurance agent for more information.

Transfer ownership of a policy and continue payments
When you transfer ownership of a whole life insurance policy to Peconic Baykeeper you may instruct us to keep the policy and allow it to grow in value. This will make your eventual gift to the organization much larger than if we cash in the policy immediately. If there are premium payments left on the policy, you can claim an income tax deduction for each payment you make. Consult your insurance agent and tax professional for more information.

Donate assets to us and protect your heirs with life insurance
After making an outright gift to Peconic Baykeeper, you may wish to set up a life insurance trust to provide equal financial support for your heirs. The life insurance provides a specific dollar-amount payout, and the trust (a separate arrangement) removes the proceeds from your taxable estate, thereby reducing estate taxes. You should consult a trusted legal advisor to set up a life insurance trust.

Donor advised funds*
Most major mutual fund companies offer donor advised funds (sometimes called Charitable Gift Funds) so that you can streamline your charitable giving. Like regular mutual funds, your money is invested in stocks, bonds and/or money markets and managed by a fund professional. Contributions to the fund are tax-deductible. You can choose amounts to be donated to Peconic Baykeeper.

Last wills and testaments and revocable living trusts
You can make a bequest to Peconic Baykeeper in your will or revocable living trust. We recommend that you consider the following language:

“I hereby give, devise and bequeath _____________ to Peconic Baykeeper, a not-for-profit tax-exempt organization, organized and existing under the laws of the State of New York, and with principal business address of P.O. Box 893, 10 Old Country Road, Quogue, NY 11959.”

Charitable lead trusts
Transfer property to a trust and provide Peconic Baykeeper with payments for a specified period of time. When the term of the trust ends, the principal is distributed to one or more non-charitable beneficiaries. Please consult your estate-planning attorney.

Charitable Remainder Trusts
Transfer property to a trust and provide yourself with payments for a specified period of time. When the term of the trust ends, the principal is distributed to Peconic Baykeeper. Please consult your estate planning attorney.

*Information necessary to name us as a beneficiary in your retirement plan, life insurance policy or donor-advised fund:

Name: Peconic Baykeeper, Inc.
Address: P.O. Box 893, 10 Old Country Road, Quogue, NY 11959
Tax identification number: 11-361-7329
Relationship: Non-profit organization
Legal language: Peconic Baykeeper, a nonprofit corporation, organized and existing under the laws of the State of New York, and with principal business address of P.O. Box 893, 10 Old Country Road, Quogue, NY 11959.

If you wish to discuss planned giving opportunities with Peconic Baykeeper’s staff or Board of Directors, please contact us at (631) 653-4804.