To help sustain our crucial work, we invite you to join The Legacy of Justice Society, a unique group of supporters who have shown a strong commitment to social justice by making a planned gift to NYLPI.
Your Legacy of Justice Society gift will:
• Provide you with tax benefits, and in some cases reduce the estate and income taxes of your beneficiaries;
• Provide NYLPI with a long-term financial reserve to support our work protecting the rights of the underrepresented;
• Inspire friends and colleagues to join in your commitment to social justice.
Additional benefits include recognition in our publications (unless you prefer anonymity), invitations to our events, regular updates on our program work, and other benefits as a member of this special group.
If you are interested in learning more, please call Geneva Morris at (212) 244 – 4664 or send an email to [email protected].
How to Make a Planned Gift
You can name NYLPI in your will as the recipient of specific assets or a percentage of your estate.
If you would like to make a gift through your will (a bequest), you can use the following language:
I give, devise, and bequeath ___% of the rest, residue, and remainder of my estate (or the sum of dollars $___) to New York Lawyers for the Public Interest, Inc., currently located at 151 West 30th Street, 11th Floor, New York, NY 10001, for its general purposes.
Employer Identification Number (EIN): 13-2860703
All charitable bequests are fully deductible from your gross estate.
You can name NYLPI as the partial or entire beneficiary of your Individual Retirement Account (IRA) or other qualified retirement plan, achieving significant tax benefits.
If you name an individual other than a spouse as the beneficiary of your IRA or other qualified retirement plan, the unused portion of your retirement plan is subject to an estate tax at the time of your death if your estate (including the value of the retirement plan) is $2 million or more ($1 million or more for purposes of the New York State estate tax.). Your heirs will also need to pay an income tax on amounts withdrawn from your retirement plan. Combined these taxes could consume up to 75% of your remaining benefits. By naming NYLPI as the beneficiary, you avoid paying these taxes.
You can name NYLPI as a beneficiary of your life insurance policy, entitling you to a charitable income tax deduction.
Charitable Lead Trust
You can arrange a charitable lead trust, which will pay NYLPI annual income for a specified number of years. At the end of the trust, the principal reverts to you or is paid to your designated beneficiary.
Charitable Remainder Trust
You can arrange a charitable remainder trust where you or individuals designated by you as income beneficiaries receive income from the trust for life or a specified number of years not to exceed twenty. At the end of the trust, the remainder is paid to NYLPI.