Your planned gift will reflect your support of our mission and honors the special place Franklin Community Center holds in your heart. More people than ever are discovering the benefits of supporting the FCC through their estate plans. These donations, often called planned gifts, can offer many advantages:
- Reduce estate taxes
- Provide a life income stream
- Allow you to make a much larger gift than you thought possible
- Receive a current income tax deduction
- Reduce or avoid capital gains tax
- Determine the legacy you leave behind and support the vital work of the Franklin Community Center
You do not have to be wealthy to make a planned gift, and you can make a gift that does not cost anything during your lifetime, such as a Charitable Bequest as defined in a Will or Trust. Another option would be to name Franklin Community Center as a beneficiary of your retirement account or of an insurance policy that you no longer need. If you would like to make a gift that gives you income for life, you may want to consider a Charitable Remainder Trust.
When including a bequest provision, always use the legal name, Franklin Community Center, Inc. and provide the Federal Tax Identification Number, 14-1667397. We have provided sample language, below, but encourage you to seek the advice of your attorney or estate specialist.
Regardless of the size of your estate, proper planning is important to ensure that the assets you have spent a lifetime accumulating are distributed according to your wishes. As with all tax and estate planning, please consult with your attorney or estate specialist. We will be glad to answer questions and offer suggestions confidentially based upon your personal circumstances and interests. Please contact Mary Beth McGarrahan at (518) 587-9826 x227 or email [email protected].
Become a Member of the Legacy Society
The FCC Legacy Society acknowledges donors who have named Franklin Community Center as the beneficiary of a planned gift in their estate to ensure that we will continue in our mission to work collaboratively with individuals and other agencies to provide services that will improve the quality of life and foster a sense of neighborhood, community and family for all people. If you have already named FCC as a beneficiary in your estate plans, please contact us to let us know of your generosity. This will allow us to thank and recognize you for the plans you have made.