Fiorello La Guardia Society

Bequest Language

You may designate a specific sum for New York City Center or a percentage of your residuary estate after provisions for others are fulfilled. Gifts can be made to New York City Center to benefit current annual programs.

New York City Center’s Federal Identification Number: 13-2867442.

Sample Language (unrestricted)

For an unrestricted gift that allows New York City Center to determine how to use the funds based on the most pressing needs, use the following language:

“I give and bequeath to New York City Center, Inc., 130 West 56th Street, New York, NY 10019 for its general purposes, the amount of Ten Thousand Dollars ($10,000) / One Hundred (100) Shares of common stock of XYZ Corp. / Fifteen (15) Percent of my remaining estate for its unrestricted charitable use and purpose”

To direct a gift to New York City Center’s endowment (restricted):

“I give and bequeath to New York City Center, Inc., 130 West 56th Street, New York, NY 10019, the amount of Ten Thousand Dollars ($10,000) / One Hundred (100) Shares of common stock of XYZ Corp. / Fifteen (15) Percent of my remaining estate, to be added to and held as part of New York City Center’s endowment. The income and such portion of the principal as New York City Center’s Board of Trustees may determine to be prudent from time to time shall be used to support the general purposes of New York City Center.”

To designate your provision for a particular purpose:

I give and bequeath to New York City Center, Inc., 130 West 56th Street, New York, NY 10019, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as New York City Center, Inc. determines that the need exists. If New York City Center, Inc. shall determine at the outset or at a later time that the need does not exist, or no longer exists, or for some reason it is not possible (or prudent) to administer my gift as originally intended, then New York City Center, Inc. may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”

If you have named New York City Center in your will or trust, please let us know so we can insure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.

Use your IRA to make Charitable Contributions

Taxpayers who are 70½ are eligible to make Qualified Charitable Distributions (QCDs) of up to $100,000 from their IRAs to not-for-profit, 501(c)(3) organizations such as New York City Center. The amount donated is excluded from taxable income, unlike regular withdrawals from an IRA. QCDs don’t require that you itemize, which due to recent tax law changes, offers you the option to take advantage of the higher standard deduction and still use a QCD for charitable giving. For those who are 72 and above, QCDs from an IRA will qualify toward satisfying the required minimum distributions (RMDs) for a given year.

So, if you are of the right age and don’t want the added income in your tax return, consider giving it directly to a charity. Making an IRA rollover is a great option for those with significant assets in their IRA account, as well as those who choose not to itemize. Only IRA funds are eligible, other retirement accounts—401(k) or 403(b)—are not. Contact your financial advisor for more information.

Every gift—large or small—can make a lasting difference. Here are some of the most popular options:

Beneficiary Designations

Name City Center as a beneficiary of your retirement plan, life insurance policy, or donor-advised fund. These gifts are simple, flexible, and can be changed at any time.

Income-Producing Gifts

Establish a charitable remainder trust or gift annuity that provides you (or a loved one) with lifetime income while ultimately benefiting City Center. (minimum age requirement: 65 years old; minimum gift requirement: $10,000)

Other Options

Real estate, appreciated securities, endowed funds, or other gifts-in-kind that are appropriate to the mission of City Center will be reviewed on a case-by-case basis by the Gift Acceptance Advisory Committee.

When you leave a planned gift to New York City Center, you are welcomed into our recognition group, The Fiorello La Guardia Society. These transformation gifts ensure that we can continue our mission for years to come.

Benefits of Membership

Members of the Fiorello La Guardia Society are recognized for their deep commitment to City Center’s mission. As a member, you will:

• Receive invitations to special events and behind-the-scenes gatherings for Society members;
• Be acknowledged (if you wish) in City Center programs and donor listings;
• Enjoy opportunities to connect with fellow supporters who share your passion for the performing arts;
• And, most importantly, know that your support keeps City Center vibrant for generations to come.