Legacy Giving

Adding just a few sentences in your will or living trust could make a huge difference to SAGE.

You retain full control of your assets during your lifetime, but you can choose to leave SAGE:

• A specific item
• A specific amount of money
• A gift contingent on certain events or conditions
• A percentage of your estate

To leave a specific dollar amount, you can use this language:

I give, devise, and bequeath $XX [numeric dollar amount] ($XX [dollar amount spelled out]) to SAGE, EIN 13-2947657, currently doing business at 305 Seventh Avenue, New York, NY 10001, or its successor-in-interest, to be used for general operating support.

To leave a percentage of your estate, you might use this language:

I give, devise, and bequeath XX [fill in percentage] percent of my Residuary Estate to SAGE, EIN 13-2947657, currently doing business at 305 Seventh Avenue, New York, NY 10001, or its successor-in-interest, to be used for general operating purposes.

Note: A specific dollar amount comes “off the top” of an estate, or before any deductions are made. A percentage donation is made from what’s left after your other gifts are accounted for.

For more information, please email development@sageusa.org.

Helping our members plan ahead for life’s unexpected moments is important to us, which is why we’ve partnered with Trust & Will, the leading online estate planning platform in the US, to provide our members with an easy and convenient way to create your estate plan online from the comfort of your own home.

As a SAGE supporter, you and your spouse have access to a Complimentary Estate Plan through Trust & Will.

Estate Planning – Create an Online Will and Trust

One of the easiest and smartest ways to make a gift is to designate SAGE as the recipient of your retirement plan contributions. These include any type of tax-deferred account, including an employee retirement plan, an IRA, or a tax-sheltered annuity.

It’s easy because the only thing you need to do is complete a beneficiary designation form. These are readily available—often downloadable—from your plan’s website or from your financial advisor.

It’s smart because SAGE is a nonprofit organization, so we will receive the full amount you give without having to pay taxes on it. However, if you designate a person (at least, a person you’re not married to) as your beneficiary—say, your niece—she may see as little as 30 percent of the full amount because of estate and deferred income taxes.

Designate SAGE as your retirement plan beneficiary using our Federal Tax ID Number: 13-2947657 or for more information, please email development@sageusa.org.

You can contribute life insurance in two ways:

• Name SAGE as a beneficiary of your policy
• Transfer ownership of your policy to SAGE, or purchase a policy for SAGE. This choice can result in an income tax deduction.

For more information, please email development@sageusa.org.

Is your largest asset your home, a vacation spot, or an investment property? These are examples of appreciated real estate.

You can contribute all or a portion of your property to SAGE, and you can do this as a current gift or as a future gift in a will or living trust.

In fact, if you contribute real estate to SAGE, you won’t pay tax on the appreciation and you’ll get a tax deduction. You could even make a gift of residential property, receive a tax deduction, and still use the property.

For more information, please email development@sageusa.org.

“Charitable gift annuity” might sound complex, but it’s essentially another—albeit slightly more complicated—way for you to get a tax deduction by giving money to SAGE. Here’s how it works:

• You make a donation to SAGE
• That donation is set aside and invested
• You receive a monthly or quarterly payout from SAGE for the rest of your life.
• The size of your payout is determined by many factors, but once it is established, it is fixed.

In addition to receiving income, you may also be eligible to take a few different tax deductions.

SAGE’s gift annuities are guaranteed by CGA America, which is backed by $150,000,000 in assets held by its sponsoring foundation.

A few other considerations:

• You can have the annuity start now or later—the later the start, the better the rate.
• Annuities can benefit one or two people, so they’re great for a couple.
• If you purchase the annuity with appreciated assets, you can save even more on taxes.

For more information, please email development@sageusa.org.

In 2006, SAGE established the Taylor Society named in posthumous recognition of CT Taylor, an educator and staunch supporter of SAGE who passed away, leaving the organization nearly his entire estate. Since then, we have been fortunate every year since to have received at least one bequest or been named a beneficiary of someone’s retirement plan, insurance policy, or trust. As a Taylor Society member, you will receive invitations to special events and be included in regular updates about the goings on of the organization. If you’ve left SAGE in your estate plans, inform us today to be recognized in this growing group of supporters.

For more information, please email development@sageusa.org.