Create a Legacy for Yiddish Arts & Culture!
Planned Giving includes wills (bequests), annuities, and trusts that pay income for life, retirement plan assets, and life insurance policies. Some of these vehicles will also allow you to receive income throughout your life. The use of Planned Giving strategies can make it easier to provide larger gifts. We recommend that you speak with your financial or legal advisor about making a Planned Gift to Yiddish New York through its non-profit sponsor organization, the Center for Traditional Music and Dance (CTMD).
You can include Yiddish New York in your will, or estate plan, by simply adding the following language:
“I give, devise and bequeath the sum of _____________ (insert dollar amount or share of stocks to be donated) to the Center for Traditional Music and Dance, EIN #23-7379877, or its successor organization for support of Yiddish New York and other Yiddish cultural programs.”
Beneficiary Designations
Did you know you may have additional assets not covered in your will or trust? If you have an IRA, 401 (k), life insurance policy, or any additional accounts, these are called “non-probate assets” and need to be planned separately. These vehicles are also excellent ways to support Yiddish New York. IRAs, 401(k)’s, 403(b)’s and other retirement plans are the most heavily-taxed assets that can be left to your heirs, with the exception of your spouse. Income, estate and excise taxes can lead to a loss of more than 75% of your plan’s assets. Naming the Center for Traditional Music and Dance as your survivor beneficiary removes these assets from your estate and enables you to leave lesser-taxed assets to your heirs.
For life insurance policies, you can donate a fully paid-up policy by naming the Center for Traditional Music and Dance as irrevocable owner and beneficiary and receive an income tax deduction equivalent to its cash value.
Please contact Yiddish New York/CTMD Executive Director Pete Rushefsky (phone: 917-326-9659, email: prushefsky@ctmd.org), if you are interested in making a Planned Gift and creating a lasting legacy for Yiddish arts and culture. Mail correspondence may be sent to 755 Westminster Rd., Brooklyn, NY 11230.