Planned Giving

The Legacy Society: Planning for the Future of the YAI Network

There are many ways for you to ensure that the YAI Network continues to be a place of hope for people with disabilities in perpetuity. To learn more about the options listed here, please contact Lauren Marzo in YAI's Development Department at 212-273-6121 or support@yai.org.

Bequest in Your Will

There is no minimum amount required. All bequests are important to us regardless of size and are gratefully received. To make a bequest commitment, simply contact YAI to request the proper wording, then ask your attorney to revise your current will. Designating a portion of your estate to a charity may reduce the amount of taxes that your heirs will owe.

Charitable Gift Annuity

For those who prefer a fixed payout from a charitable life-income plan, the Charitable Gift Annuity is a popular way of supporting our future. Gift Annuity payout rates range from 5.5% to 11.5% depending on the age of the income recipient. You will receive an income tax charitable reduction, provide an income stream to yourself or loved ones and make a meaningful gift.

Charitable Remainder Trusts

You may also wish to consider establishing your own individual charitable trust that would benefit you and your family first, and then provide support to the YAI Network. Your own Charitable Remainder Unitrust or Annuity Trust could provide you with the flexibility your planning needs require, while making it possible for you to be a more generous philanthropist without sacrificing personal and family goals.

Life Insurance

Either an old policy you no longer need or a new one taken out especially for this purpose would make a great gift to the YAI Network. To make YAI the beneficiary of an existing policy, you simply need to complete a change of beneficiary form. To give the policy itself to us, ask for an assignment of ownership form from the insurance company and fill it out. Please let us know in advance of doing either. A new policy can be assigned to the YAI Network after you make the first premium payment. In some cases, there can be significant income and estate tax advantages for making a gift in this way.

Your IRA or another traditional retirement plan

If you are age 70 ½ or older and are required to make withdrawals from your retirement plan, a gift to the YAI Network can help offset the income tax incurred by mandatory withdrawals. You can make a tax-free gift up to $100,000 from your IRA directly to YAI. Simply contact your retirement fund custodian for the correct form to make a charitable rollover gift. This provision is extended through Dec. 31, 2011, through the Middle Class Tax Relief Act of 2010.
You may also want to consider making YAI the beneficiary of your retirement fund, which will greatly reduce the amount of estate taxes your heirs will pay.

Supplemental Needs Trusts

You know you need to plan for the financial future of your disabled loved one, but there is a lot involved. The process can feel highly technical and even overwhelming. We at the YAI Network understand this. Allow us to guide you through the process of setting up a community trust to ensure continued security and stability for your family member.

Read more about Supplemental Needs Trusts.

For additional information about planning a gift to the YAI Network, please call Lauren Marzo in the Development Department at 212-273-6121.