Create Your Own Legacy

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.

“I hereby give to The Adirondack Scholarship Foundation, Inc., P.O. Box 4, Plattsburgh, NY 12901 - adkscholarship@gmail.com - 585-278-4959 - Erik Zimmerman, Director, a not-for-profit organization (EIN 22-2303625):

The sum of $ ____________ (amount)
AND/OR _____% (percent) of the residue of my estate
AND/OR The following described property _______________ (description).”

Your bequest can easily be added to your existing Will as an Amendment or a Codicil; there is no need to revise the entire document.

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.

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.

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.