The Sands Point Preserve – with its rich history in early 1900s Gold Coast Long Island and later in the development of crucial Naval training and simulation resources – is a pillar of local historic significance. With four major ecosystems – pond, forest, beach, and meadow –the Preserve provides protected habitats to countless species of bugs, birds, and animals. Each year, over 100,000 visitors find peace and fulfillment here. For these reasons, it is imperative that this remarkable place be sustained and supported for generations to come. You can ensure this conservation with a legacy gift to the Sands Point Preserve Conservancy.
Bequest in a Will
You can give a legacy gift as a bequest in your Will. You can leave a dollar amount or percentage of your estate to the Conservancy. If you already have a Will and would like to add a provision for the Conservancy, you can do so with a Will update or by adding a codicil to your existing Will. Sample language is provided below.
Sample Will Language
“I give and bequeath the sum of $ ____________ (or ________ % of my residuary estate) to The Sands Point Preserve Conservancy, Inc., to be used in support of its general charitable purposes.”
Beneficiary Designations on IRA, 401(k), or other Retirement Assets
You can name the Conservancy as a full or partial beneficiary of a qualified retirement account. This is one of the simplest legacy gifts to complete, as you can request a beneficiary designation form from your retirement plan representative at any time. This legacy gift may also have tax benefits for you, as these funds are highly taxed if left to heirs or other non-charitable entities, and they are not taxed when left to a non-profit organization.
Payable on Death or Transfer on Death Designations
You can place a Payable on Death (POD) and Transfer on Death (TOD) designation on your bank and brokerage accounts, respectively. These designations can name the Conservancy as the full or partial beneficiary of the funds in your bank and brokerage accounts. Simply request a POD or TOD designation form from your bank or investment firm.
We highly recommend you speak with your estate planning attorney and/or financial advisor before making legacy gift decisions. We are also happy to speak to them with you. For more information, please contact Melanie Dunbar, Development Manager, at 516-570-2236 or email@example.com.