Easy Ways You Can Make A Lasting Impact
Extend your support for RSS and make a lasting impact on families. Whether you would like to put your donation to work today or benefit families after your lifetime, we can come up with a plan that lets you provide for your family while helping older adults and their families through our charitable bequest program.
Community members that partner with RSS ensure that seniors are able to live independent, engaged and gratified lives. Our RSS community also supports the entire family including caregivers through our many programs and services.
You can support seniors and families with a gift that has an impact right now. Also, you can make a lasting gift in your will, trust or other account that becomes your personal legacy that impacts individual older adults, caregivers and the community at large.
Gifts that Cost You Nothing Now
When you include RSS in your plans, you enable RSS to continue to create holistic programs that work together to encourage and enable older adults to live independent, engaged and gratified lives. We support caregivers and other family members with the tools and one-on-one support they need.
Once your family and friends are provided for, we hope you consider a legacy gift that makes support for older adults and their families part of your life story.
Gifts by Bequest: Making a legacy gift in your will or trust is one of the easiest and most popular ways to help older adults and create strong communities. Options include:
A percentage of the remainder of your estate after other specific legacies have been fulfilled.
A specific dollar amount or stated fraction of your estate or a specified gift in kind (such as collections, art, jewelry, etc.)
A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.
Gifts by Beneficiary Designation: When you make a gift to RSS from your retirement, insurance plan or other assets, you ensure that the RSS community continues to flourish. RSS is a place where people care about and for each other. Every aspect of our operations and facilities are devoted to giving our community members the opportunity to live better, happier and healthier lives. It’s as simple as contacting the firm that holds your assets and asking for a beneficiary form to fill out.
Retirement Funds Gift
You can choose to name RSS as a beneficiary of a retirement plan to reduce your taxes while you empower older adults in your community.
Benefits to you include: reduction or elimination of taxes on retirement assets, removal of highly taxable assets from your estate by direct beneficiary designation, reduction or avoidance of probate fees. To name RSS as a beneficiary of your retirement plan, you need to contact your bank or insurance company to see whether a change of beneficiary form must be completed.
Life Insurance Policy Gift
If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while also enjoying tax savings during your lifetime.
Benefits to you include a charitable income tax deduction for the market value of the policy, receive additional tax benefits by making annual gifts so that RSS can pay the premiums. Some donated policies can be cashed in and put to good use right away. If you retain the policy and name RSS as beneficiary, the proceeds of your policy will be paid to RSS, and your estate will receive the tax deduction from the charitable gift receipt.
If you have bonds that have stopped earning interest and that you plan to redeem, you will owe income tax on the appreciation. Since RSS is a tax-exempt institution, naming us as a beneficiary ensures that 100% of your gift will go towards older adults and their families in your community.
CD's, Bank Accounts and Brokerage Accounts
Naming RSS as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to help empower seniors in your community.
Donor-Advised Fund Residuals
Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. We hope you will consider naming RSS as a "successor" of your account or a portion of your account value.
Here is a link to sample language for a will.
Consult with your tax advisor and lawyer to determine which planned gift strategy is best for you. This is critical in light of the new tax laws.
Gifts that Make An Impact Right Now
Donate with cash, credit card or check
Give through donor-advised fund - You can create a grant recommendation from your donor-advised fund to support RSS. Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. We hope you will consider naming RSS as a “successor” of your account. Or, you can name us as the successor for a portion of the account value, leaving the remaining portion for your heirs.
Donate stocks and bonds
Donate real estate
Give through your IRA
Honor Donations - Make a memorial gift in honor of a loved one
To speak with someone, call Executive Director Julie Dalton at 718 884-5900.
Tax ID #: 23-735-7997