Last Wills and Testaments and Revocable Living Trusts
© Philip Dyer
You can make a bequest to the Group for the East End in your will or revocable living
trust. We recommend that you consider the following language:
“I hereby give, devise and bequeath _____________ to Group for the East End, 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 54895 Main Road, P.O. Box 1792, Southold,
NY 11971.” If you wish to discuss the language of your bequest with a member of
Group for the East End’s staff or Board of Directors, or if you would like additional
information on planned giving opportunities, please contact us.
Charitable Lead Trusts
Transfer property to a trust and provide Group for the East End 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
Group for the East End. Please consult your estate planning attorney.
Workplace Giving
You can contribute to the Group for the East End through Earth Share of New York
in your workplace charity campaign. Earth Share manages environmental giving campaigns
for nearly sixty local, statewide, national and international organizations.
By contributing to the Group for the East End through Earth Share of New York, you
may pledge that a small amount of each paycheck be automatically deducted to help
the Group. You can also give a single gift that is distributed among all of its
members, covering the widest variety of environmental and conservation issues.
Participating Companies
More and more companies now allow their employees to contribute to the Group for
the East End through Earth Share. Among them: American Airlines, Wells Fargo , The
New York Times, American Express, Avon Products, HBO, Siemens, Gannett, Hewlett
Packard, United HealthGroup, Sears and The Gap.
Giving as a Federal Employee
As a member of Earth Share of New York, the Group for the East End participates
annually in the largest workplace giving campaign in the nation -- the Combined
Federal Campaign (CFC) for employees of the federal government and the U.S. military.
If you are a federal government or military employee working in New York State and
would like to give to the Group for the East End through the CFC, please enter the
CFC code number allocated to the Group for the East End in your campaign booklet
on your pledge card during the next fund drive.
Visionary Society
In 1972, a group of citizens formed Group for the East End (originally Group for
the South Fork) to combat irresponsible development and protect the natural environment
and way of life on the East End. These people were visionaries who realized the
important role education, citizen action, and professional advocacy play in shaping
a community. Your planned gift shows us you share the same vision for our unique
region and we would like to recognize your commitment, as a member of the Visionary
Society, if you wish. Please contact (631) 765-6450, ext. 208, for more information.
Matching Gifts
You can increase the value of your cash contribution to the Group for the East End
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. Contact us for transfer instructions at 631-765-6450, extension 215
or 214.
Retirement Plans*
You can name the Group for the East End 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 Us In Your Policy
Name Group for the East End 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 Group for the East End 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 Group for the East
End, 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 Group for the East End, 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 the Group for the East End and other charities.
*Information necessary to name us as a beneficiary in your retirement plan, life
insurance policy or donor-advised fund:
Name: Group for the East End
Address: 54895 Route 25
P.O. Box 1792
Southold, NY 11971
Tax identification number: 13-6379135
Relationship: Non-profit organization
Legal language: Group for the East End, a nonprofit corporation,
organized and existing under the laws of the State of New York, and with principal
business address of P.O. Box 569, 2442 Main Street, Bridgehampton, NY 11932.