Adirondack Scholarship Foundation - Planned Giving
Create Your Own Legacy: Join the Colonel’s Club
Including the Adirondack Scholarship Foundation in your planned giving/Estate Plan is a meaningful way to ensure the future of camp scholarships to children who might otherwise not be able to participate in the camp experience.
Donors who plan to make a gift from their Will or Estate and those who have previously established such funds for The Foundation are included in the Colonel’s Club. This gives donors a special opportunity to be recognized, and create their own legacy - in the form of camp scholarships - for decades to come.
Making a planned gift has sometimes been considered too complicated, mysterious, or only for individuals of advanced age. However, planned gifts, and estate planning in general, need be none of these.
Planned gifts can take many different forms. Each offers the donor a unique benefit; most gifts have positive tax consequences and are usually developed as part of a larger financial plan.
Here is a summary of some of the common planned gifts that The Foundation can receive:
- BEQUESTS: Gifts through your Will – Your Will can specify that a percentage, or exact dollar amount from your estate or trust be given to The Adirondack Scholarship Foundation. These gifts often can reduce estate taxes. Such a bequest can be accomplished in your Will with simple language.
- BENEFICIARY: Gifts outside of your Will – The Adirondack Scholarship Foundation, Inc. can be named as a beneficiary of life insurance policies, appreciated securities, real estate, any 401( k), IRA, or other qualified retirement plans.
- GIFTS THAT PAY YOU – With the help of your attorney and/or financial planner, a trust can be created that provides you with income during your lifetime. At the time the trust is settled, The Adirondack Scholarship Foundation, Inc., receives all or part of what remains in the trust.
- GIFTS OF PROPERTY – You can donate a residence, vacation home, farm, or acreage that may have appreciated in value to the extent that sale of the property would result in sizable capital gains tax, by donating that property, you avoid taxes and receive a deduction for the full market value of the property.
If you would like more information about planned giving, please contact the foundation, or program coordinator Aubrey L. Moss, Esquire.
The Foundation recommends that you discuss your plans with your own personal attorney or financial planner to assure that all of your long-range goals are fulfilled.
Adirondack Scholarship Foundation, Inc. - EIN: 222303625
“When I started a new position, I filled out my new company’s Retirement and Life insurance forms, listing The Adirondack Scholarship Foundation as a beneficiary to receive a percentage of my Retirement Benefits/Life Insurance Proceeds that would be paid. It was that simple and now I have the joy of leaving my own legacy to the Adirondack Scholarship Foundation”
- Aubrey L. Moss, Esq. (camper/staff/foundation board member: 1981-2017)
The information contained herein is not and shall not be meant to be legal advice, and The Adirondack Scholarship Foundation, Camp Pok-O–MacCready and/or Aubrey L. Moss, Esquire shall not be deemed as acting as a lawyer (s) and shall not be subject to any liability arising from the statements made herein.