One way to make a lasting difference is to name The Reading League as the beneficiary of a financial or retirement account. You can complete this gift on your own at any time. Simply name The Reading League as the beneficiary of any of these accounts:
- Individual retirement accounts
- Life insurance policies
- Bank or brokerage accounts
Gift in Your Will or Trust
Creating a will or trust is a smart way to provide for your loved ones and the causes you care about. A gift in your will, also known as a charitable bequest, allows you to make a significant gift to The Reading League while retaining control of your funds during your lifetime.
How you benefit:
- You can provide for your loved ones and the causes you care about.
- You may leave a gift of any amount; there is no minimum gift size.
- You can name your gift in honor of a loved one.
- You are never locked in — you can change your mind if your circumstances change.
Sample Language for a Gift in Your Will or Trust:
I give to The Reading League, currently located at 103 Wyoming Street, Second Floor, Syracuse, NY 13204 [insert specific dollar amount or percentage] in support of its full mission. Federal tax identification number: 81-0820021
Gifts From Your Retirement Account
You may be eligible to make a gift directly from your individual retirement account (IRA) and enjoy significant tax savings. A qualified charitable distribution (QCD), also called an IRA charitable rollover, allows your donation to make a difference right away.
If you are 70 ½ or older, you can give up to $100,000 per year from your IRA directly to The Reading League without having to pay income taxes on the money. And your gift may qualify for your required minimum distribution.
The information provided here is presented solely as general educational information and is not intended to be a substitute for professional estate planning or legal advice.