The History Center in Tompkins County

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Planned Giving

PLANNED GIVING

Thoughtful ways to continue your commitment to preserving Tompkins County History

Thank you for considering a gift to The History Center in Tompkins County! A planned gift brings your thoughtful planning, vision, and extraordinary generosity together to create a personal legacy as a champion of history, preserving our stories for future generations.

Whether making a bequest, donating retirement fund assets, or setting up a charitable gift annuity, you can save on estate and other taxes while providing for the future of The History Center. There are many ways to make a planned gift to The History Center. Some of the most common ways are listed below. If you want to discuss another avenue please contact director@thehistorycenter.net or call 607-273-8284 ext. 222.

HELPFUL INFORMATION:

The History Center in Tompkins County is a 501(c)(3) nonprofit organization located in Ithaca NY.

EIN: 15-6024061

RULING YEAR: 1972

The History Center's mailing address is, 110 North Tioga Street, Ithaca NY 14850.

Bequest

Name The History Center a beneficiary in your will or other estate plan. Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on. This is a popular and easy way to make a planned gift that allows you to remain in control of your assets during your lifetime. It can reduce estate tax burdens. Bequests can be a specified dollar amount, a percentage of an estate, or tangible property.

A bequest in a will or trust can be as simple as “I give $XXX [or, I give Y% of my Residuary Estate] to The History Center in Tompkins County., a 501(c)(3) not-for-profit charitable organization with offices at 110 North Tioga St, Ithaca, NY 14850.”

Beneficiary Designations

You can name The History Center as a beneficiary in your retirement plan, annuity, and life insurance policy.

These gifts allow you to not disrupt cash flow and take advantage of charitable tax deductions. Just ask your plan provider for a beneficiary designation form and include The History Center to receive a specific amount or percentage of assets.

This is the easiest way to give a future gift. Just ask your plan provider for a beneficiary designation form and include The History Center's (EIN 15-6024061) to receive a specific amount or percentage of assets.

To name The History Center as a beneficiary of a retirement account or life insurance policy, you will need to file a Change of Beneficiary form with the company holding the account or policy.

Gifts of Assets

Cash: A gift of cash is an easy way to reduce your taxes.

Gifts of Appreciated Stock: Provide support for The History Center while decreasing the out-of-pocket cost to you by avoiding capital-gain tax.

IRAs: Your retirement-plan benefits are likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Offset taxes on mandatory IRA distributions by contributing them to the The History Center in Tompkins County. For more information please contact The History Center offices at (607) 273-8284 ext 222. Our Tax ID (EIN) Number is 15-6024061.

Gifts That Pay You Income

Life-income gifts can provide donors with an income stream, significant tax savings, and the satisfaction of providing The History Center with long- term resources. Transfer cash or stock to establish a charitable trust to provide life income and receive a charitable deduction.

Please consult with your estate planner or financial advisor for guidance. Contact the Executive Director (director@thehistorycenter.net) if you would like to discuss your special gift intentions.

Charitable Trust: Transfer cash or stock to establish a charitable trust to provide life income and receive a charitable deduction.

If you have already included The History Center in your estate plan, please let us know. We would be honored to welcome you as a member of our Legacy Society. Thank you for this meaningful gift.

Need more information, or interested in sponsoring a specific exhibit or program? Call 607-273-8284-ext 222 or email Ben Sandberg at director@thehistorycenter.net

The information contained on this page is for general information and education purposes only. Please seek the advice of an attorney for information most relevant to your situation.