Your gift matters.
Your gifts to The New York Bar Foundation make an important difference in helping to support charitable and educational law-related endeavors throughout New York State. Charitable contributions to The New York Bar Foundation are tax deductible, as allowed
by law. Listed below are some of the ways that you can give:
Click here to make a donation online.
GIFTS OF CASH
A gift of cash is the easiest way to give to The Foundation. Make your check payable to THE NEW YORK BAR FOUNDATION and mail to:
The New York Bar Foundation
One Elk Street
Albany, NY 12207
Or call Foundation headquarters at 518/487-5651 to give your gift through your credit card. You may give an unrestricted gift to be used for general purposes or you may direct your gift to one or more of our Restricted Funds. Please click here to go
to our Restricted Funds page for further information.
Charitable contributions of cash are fully income tax deductible up to a maximum of 50% of your annual adjusted gross income, with a five-year carryover of any unused deduction.
WHEN RENEWING YOUR NEW YORK STATE BAR ASSOCIATION MEMBERSHIP
The New York Bar Foundation is grateful to those members of the New York State Bar Association who contribute to The Foundation by including their gift when paying annual membership dues. All members of the New York State Bar Association are encouraged
to include a charitable contribution to The Foundation when paying your membership renewal dues each year. Your voluntary tax-deductible charitable contributions help The Foundation to award grants throughout New York State to fund charitable and educational
law-related programs that facilitate the delivery of legal services, improve the justice system and the law, increase public understanding of the law, and enhance professional competence and ethics.
IN MEMORY OF A LOVED ONE OR COLLEAGUE
You can give a charitable contribution to The New York Bar Foundation as a fitting and lasting tribute to a deceased loved one or colleague. The family of the deceased will receive an acknowledgement of your gift, although the amount of your contribution
will not be specified.
All lawyers, in whose name contributions are made, will be listed in a Foundation Memorial Book maintained at the New York State Bar Center in Albany. In addition, the names of deceased members, in whose memory bequests or contributions in the amount
of $1,000 or more are made, will be permanently inscribed on a bronze plaque mounted in Memorial Hall facing the lovely courtyard at the Bar Center.
Such gifts will also be acknowledged in the Foundation’s Annual Report.
TO HONOR A LOVED ONE OR COLLEAGUE
Upcoming Birthday? Graduation? Wedding? Firm Anniversary?
Oftentimes there are occasions when you would like to do “something special” to celebrate a special occasion for a loved one or colleague. Making a contribution to The New York Bar Foundation in honor of a friend, colleague or loved one on a special
occasion is a fitting way to acknowledge the occasion and to support law-related charitable and educational programs. Examples of such occasions might include: the anniversary of a firm, the promotion of a colleague, receiving a special professional honor
or passing the bar exam.
The honoree will receive an acknowledgement of your gift, although the amount of your contribution will not be specified. In addition, such gifts will be acknowledged in The Foundation’s Annual Report.
THROUGH CORPORATE OR FIRM MATCHING GIFTS
Corporate or Firm Matching Gifts are an important way for you to maximize personal contributions to The New York Bar Foundation and will increase the impact of your gift. By taking advantage of a company’s Matching Gift Program, you may be able to double
or even triple the amount of your contribution.
How to get your gift matched
Each company has its own guidelines for employees, spouses and retirees but most Matching Gift procedures are very simple and usually include the following steps:
1.Request a Matching Gift Program form from the Human Resources Department or other appropriate department at your company or firm.
2.Complete and submit the form to The New York Bar Foundation along with your gift.
3.The Foundation verifies your gift and sends the form to the proper institution.
4.The institution issues a Matching Gift contribution to The New York Bar Foundation.
Completed forms should be sent with your check to:
The New York Bar Foundation
One Elk Street
Albany, NY 12207
GIFTS OF SECURITIES
The New York Bar Foundation welcomes your gifts of securities including stock, bonds and mutual funds. A gift of appreciated securities (owned for more than one year) generally offers a two-fold tax savings because you avoid paying capital gains tax
on the increase in value of the asset and you receive a charitable deduction for the full fair market value of the asset at the time of the gift. Gifts of appreciated securities are fully income tax deductible up to a maximum of 30% of your adjusted gross
income, with a five-year carryover of any unused deduction.
Please contact Deborah Auspelmyer, Foundation Director at email@example.com or 518/487-5650 to transfer securities in certificate form or electronically through your brokerage account.
GIFTS OF OTHER APPRECIATED ASSETS
Gifts of appreciated assets such as a home, farm, land, vacation or second home may also be contributed to The New York Bar Foundation. By contributing this type of asset, you can possibly avoid paying capital gains tax and receive an income tax charitable
deduction for the full fair market value of the property. You (and your spouse) may wish to continue to live in or use your home or other asset after contributing it to The Foundation. If you follow Internal Revenue Code rules a life estate can be established
to accommodate your wishes at the time of your contribution.
GIFTS OF LIFE INSURANCE
You can donate to The Foundation a newly purchased life insurance policy or a life insurance policy that you own and no longer need. By designating The New York Bar Foundation as the owner and beneficiary of the policy, you will receive an income tax
charitable deduction of the current cash value of the policy. If you continue paying the premiums on the policy after the gift is made, the premium payments will be income tax deductible each year.
GIFTS OF RETIREMENT PLANS
You may designate The New York Bar Foundation as the survivor beneficiary to your qualified retirement plan including your IRA, Roth IRA, 401K, 403B or other type of retirement plan. When passed to beneficiaries other than a spouse, retirement plan assets
are subject to greater taxes than other estate assets including federal and state estate taxes as well as income taxes. These taxes can claim a high percentage of the plan’s assets.
When you designate The New York Bar Foundation as the survivor beneficiary of you retirement plan, your gift becomes exempt from estate tax, income tax and generation-skipping transfer tax. When giving a gift of this type to The Foundation, you may consider
designating other lesser-taxed assets for your loved ones.
GIFTS THROUGH A CHARITABLE REMAINDER TRUST
As part of your estate plan, you may wish to make an irrevocable transfer of cash, securities or other property to The Foundation to establish a Charitable Remainder Annuity Trust or Charitable Remainder Unitrust whereby you and/or a loved one would
receive payments for life or for a period of up to 20 years. The remaining assets would then be distributed outright to The Foundation for general use or for a restricted purpose that you designate when establishing the trust.
GIFTS THROUGH A CHARITABLE LEAD UNITRUST
You may wish to transfer cash, securities or other property to The Foundation to establish a Charitable Lead Unitrust whereby during its term, the trust pays a percentage of its value each year to The New York Bar Foundation. When the term of the trust
ends, its remaining assets pass to the beneficiaries you have named.
Under certain circumstances, you are allowed a charitable income tax deduction when you establish a Charitable Lead Unitrust while protecting asset growth for your family. You may also transfer additional assets to the trust during its term. Take into
account this valuable financial instrument to support The New York Bar Foundation as you consider your estate planning options.
GIFTS THROUGH A BEQUEST
Naming The New York Bar Foundation in your will is a simple and easy way to give to The Foundation. You can bequeath a specific dollar amount, a percentage of your estate, the remainder of your estate or the remainder of a trust to The Foundation. You
may direct your gift for use for general purposes or for a particular purpose (either by establishing a Restricted Fund or by contributing to an existing Restricted Fund of The Foundation). The minimum amount required to establish a new Restricted Fund
Your bequest to The New York Bar Foundation will reduce the size of your taxable estate and can reduce estate taxes.
"To The New York Bar Foundation, I leave the sum of $50,000 to be used at the discretion of The Foundation."
“To The New York Bar Foundation, I leave the sum of $50,000 to be used to establish a Restricted Fund in the name of John A. Smith and restrict its use to provide funding for legal services to the indigent.”
THE NEW YORK BAR FOUNDATION LEGACY SOCIETY
You can become a member of The New York Bar Foundation Legacy Society by designating a minimum $1,000 bequest to The Foundation in your will or by establishing a planned gift with The Foundation.
Click here to download the Legacy Society form
Please contact Deborah Auspelmyer, Foundation Director at firstname.lastname@example.org or 518/487-5650 for more information or to arrange a meeting to further discuss your planned gift.