Leave a legacy of People Helping People - Remember the New York Credit Union Foundation in your will or as the beneficiary of a life insurance policy.

How many years have you dedicated to your credit union? How many years have you dedicated to the credit union movement in New York State? How many peoples' lives have you touched through your credit union involvement? How many people have touched your life through the credit union movement?

Working for a credit union or a credit union associated organization is a very special experience. It can be life changing for you and your members, volunteers and colleagues. If you are passionate about the "people helping people" philosophy and wish to pass that passion along to those working in the credit union movement today, consider leaving a legacy to the New York Credit Union Foundation.

There are two simple ways for you to leave a legacy: 1) bequests and 2) life insurance policies.

Bequests

A bequest, a gift from a will, is a great option for a donor who wishes to retain control of his/her assets during their lifetime and assist the The New York Credit Union Foundation at a later date. A bequest can be made for a specific amount or a percentage of your estate. You can designate this gift for general use or restricted for a specific program. It makes sense for bequests to be as general as possible allowing the The New York Credit Union Foundation to use it for the most pressing need at the time the gift is actually received. Through this type of planned gift, the donor receives the following benefits:

    • Retention of control of assets during lifetime
    • Reduction or exemption of estate taxes as appropriate

You may have planned your estate through a revocable trust instead of a will. A transfer to the New York Credit Union Foundation from your trust will bring you the same tax and planning benefits as a bequest from a will.

Sample Bequest Provisions

The following sample provisions are only suggestions; they are not intended to take the place of legal counsel. Please consult an attorney to draft appropriate language for the type of bequest that meets your needs and circumstances.

Unrestricted Gift

"I give, devise and bequeath the sum of [insert amount or insert percentage % of my estate] to the New York Credit Union Foundation a non-profit organization, organized and existing under the laws of the State of New York, located in Albany, New York, to be used for its general purposes."

Bequest of Residuary Estate

"All the rest, residue, and remainder of my estate, both real and personal property of whatever kind and whatsoever situated, which I may own or have the right to dispose of at the time of my decease, I give, devise, and bequeath to the New York Credit Union Foundation a non-profit organization, organized and existing under the laws of the State of New York, located in Albany, New York, to be used for its general purposes."

Bequest of Percentage of Residuary Estate

"All the rest, residue, and remainder of my estate, both real and personal property of whatever kind and wheresoever situated, which I may own or have the right to dispose of at the time of my decease, I give, devise, and bequeath as follows:

(1) To the New York Credit Union Foundation a non-profit organization, organized and existing under the laws of the State of New York, located in Albany, New York, insert percentage % to be used for its general purposes."
Contingent Gift I devise and bequeath the residue of the property owned by me at my death, real and personal and wherever situated, to my spouse, insert name, if he/she survives me. If my spouse does not survive me, I devise and bequeath my residuary estate to the New York Credit Union Foundation a non-profit organization, organized and existing under the laws of the State of New York, located in Albany, New York, to be used for its general purposes."

Life Insurance Policies

You may consider naming the New York Credit Union Foundation as the beneficiary of a life insurance policy. Through this type of planned gift, the donor receives the following benefits:

    • Retention of ownership and control of policy
    • Access to policy's cash value
    • Avoidance of estate tax since the death benefit is now a charitable gift

If you choose to name the New York Credit Union Foundation as a beneficiary, please let us know of your plans. This will enable us to show our appreciation of your generosity.

For specific information on how you can make a very special and lasting gift contact your legal and financial advisors. For general questions or to discuss a planned gift, please contact Dirck Van Deusen at (800) 342-9835, ext. 8252, or This email address is being protected from spambots. You need JavaScript enabled to view it..

The New York Credit Union Foundation is a tax-exempt 501(c)(3) public charity.

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