We always recommend you having a conversation with your financial advisor on the best way to proceed based on your specific goals and circumstances. Below, you can read about the planned giving options that work best for NESEA.

We appreciate your generosity and consideration and hope that viewing these options is helpful to your planning. If you have any questions, or would like to discuss these options, please contact Executive Director Florence MacGregor at fmacgregor@nesea.org or (414) 774-6051 ext.10.
 

Gifts by Will or Trust

A charitable gift in either a fixed or percentage amount from your estate is a favored method of giving that enables you to achieve your financial goals and benefit NESEA. No other planned gift is as simple to make or as easy to change should you ever need the assets during your lifetime.

A gift by will or trust may be right for you if:

• You want to make a gift to NESEA.
• You want the flexibility to change your mind.
• You want continued access to your wealth, should you need it.
• You are concerned about outliving your resources.
   

Beneficiary Designations

One of the simplest ways to make a gift to NESEA is to name us in your assets. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive. It's literally as easy as filling out a form.

Beneficiary designations are available when giving the following assets:

• Retirement Assets

An alternative to a bequest gift is to designate NESEA as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.

A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals, will be subject to income tax when they receive distributions and, in the case of most non-spouses, those distributions must take place within 10 years, potentially pushing designated beneficiaries into higher tax brackets. With a gift to a non-profit such as NESEA, 100 percent of the funds are available for its charitable purposes. If you want to remember us in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to NESEA.

• Life Insurance

Life Insurance policies can also be used to make a gift to NESEA. Complete and return to the insurance company a form designating that NESEA receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming NESEA as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.

• Other Assets

Commercial Annuity Contracts: a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name NESEA to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.

Bank Accounts: you can instruct your bank to pay NESEA all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

Investment Accounts: you can instruct your investment company to transfer to NESEA some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to NESEA” after your name on the account.
 

Charitable Gift Annuity

A gift annuity is a contract with the Community Foundation to pay a fixed income, usually for the life of the donor and/or spouse, but others can be named as the life beneficiaries. At the conclusion of the annuity, the Foundation will add to an existing or a new permanently endowed fund an amount equal to the difference between the original gift and the cost of providing the annuity.

To start a conversation about making a planned gift to NESEA, please contact Executive Director Florence MacGregor at fmacgregor@nesea.org or (413) 774-6051 ext. 10. Everyone has a different set of circumstances and different goals in planning their legacy, and there are many options available for planned giving.
 

Make Your Gift