You can make a lasting gift to The Children’s Village that may allow you or your family to avoid paying some types of taxes and/or perhaps earn extra income:
- Make a bequest through your will.
- Purchase a Children’s Village Charitable Gift Annuity (CGA).
- Donate a paid insurance policy that names The Children’s Village as the beneficiary.
Dedication opportunities are available to publicly acknowledge your gift. For instance, you may wish to name a street on our campus; a worksite in the WAY Program; or even a cottage to celebrate your life, to memorialize a loved one, or to commemorate a special occasion, such as your 50th wedding anniversary or 75th birthday.
Clearly, planned giving is an important topic that would likely involve family members and your financial advisor. Our prepared materials contain valuable information that will help you and your family make the best decision at the appropriate time. Please contact Linda Stutz, Vice President for Advancement, at 914-693-0600 x 1413 or Lstutz@childrensvillage.org to schedule a confidential phone conversation to learn more or share your ideas.
Remember CV in Your Will
If you believe in the mission of The Children’s Village and want to help ensure its future, consider including The Children’s Village in your will. This can mean a specific bequest of an asset such as property or stock or a cash gift. If you are concerned about making sure your loved ones are taken care of, you may want to make a residuary or contingent bequest. In a residuary bequest, you provide Children’s Village with the remainder of your estate (or a portion of the remainder) after all of your specific bequests are taken care of.
I direct that all (or a specific percent) of the rest, residue, and remainder of my estate be given to The Children’s Village.
In a contingent bequest, Children’s Village becomes a beneficiary only when a designated beneficiary fails to survive you.
If any of the above-named beneficiaries should predecease me or no longer exist, I direct that the share of that beneficiary be transferred to The Children’s Village.
If you already have a will and wish to make a bequest to Children’s Village without rewriting your entire will, you can create a Codicil.
I (your name), a resident of (your address), make this Codicil to my Last Will and Testament executed by me on (date). I hereby modify and amend my Last Will and Testament as follows: (insert bequest). Except as my Last Will and Testament is expressly modified or amended by this Codicil, I ratify and reaffirm my Last Will and Testament in its entirety.
The Codicil then must be signed by you and witnessed in accordance with the laws of your state.
The suggested language is provided for information only. If you are interested in changing or making a will or creating a Codicil, we recommend you consult your lawyer.
The Children’s Village Legacy Society
“In recent years our endowment, which is critical to ensure the health and stability of the organization, has grown substantially because of legacy gifts,” Jeremy Kohomban, President and CEO, said recently. “We want to recognize our friends who are committed to the future of our work and have included The Children’s Village in their estate plans. The Legacy Society is one small way we can thank these supporters and encourage others to think about the future.”
The Children’s Village Legacy Society is open to anyone who makes a planned gift or includes Children’s Village in their will. Members have a permanent listing in our annual report of donors published each September. They are also invited to an annual event honoring Legacy Society members, and have their name engraved on a Donor Wall in Wetmore Hall.
If you have already made estate plans involving The Children’s Village, please let us know so that we can send you information on the Legacy Society. If you are interested in learning more about how you can create a legacy gift in your will or through our new charitable gift annuity program, contact Linda Stutz at 914-693-0600 x 1413 or Lstutz@childrensvillage.org.