SECURING JUSTICE FOR TOMORROW
Make a Lasting Difference
What we choose to support philanthropically reflects our most deeply held values learned over the course of a lifetime.
Our nation was founded on the belief that rights and responsibilities are distributed on the basis of a fair set of rules that apply to the weak and powerful alike — and that our justice system is impartial and open to all.
To give real and full meaning to the rule of law, each of us must be active and vigilant participants in our democracy. Under law, we each have rights — but we also have a pressing responsibility to guard and keep safe the promise of justice for all.
LASNNY exists to fulfill this promise. It provides critical legal assistance to vulnerable and low-income families and individuals who cannot afford legal representation. Your financial support of civil legal aid through the Legal Aid Legacy Fund will help families in crisis return to safe, productive lives.
By including the Legal Aid Legacy Fund in your estate plan, you can continue your leadership in making our world a fairer, safer place — even beyond your own lifetime. Your gift will help create a solid financial base for civil legal aid programs in Northeastern New York in perpetuity.
Join the Guardians of Justice
The Guardians of Justice are a group of individuals committed to securing justice for future generations through support of the Legal Aid Society of Northeastern New York’s permanent endowment fund—The Legal Aid Legacy Fund. Membership is available to those that have notified us in writing that they have made a provision for LASNNY in their will or other estate planning document. Members also include those who have made outright gifts to the Legacy Fund.
Including the Legal Aid Legacy Fund in Your Estate Plans
The will you write today is your opportunity to provide for your loved ones as well as your means to further your vision for a more just world. Your will is your chance to:
- Use your accumulated assets as you see fit during your lifetime and direct how they pass after your death
- Make a generous charitable donation and qualify for estate tax savings
- Name the person or persons that you wish to take your estate through the probate system (the Personal Representative)
- Record your wishes now and still retain the power to adapt them as your circumstances change, since your will is fully revocable during your lifetime
- Honor someone with a named gift
Making A Bequest Contribution
If you presently have a Will, you can easily add what’s known as a “codicil” or amendment to provide a bequest to the Legal Aid Legacy Fund. If you don’t already have a Will, it is to you and your family’s advantage to take this important step now. Oftentimes, creating a Will is neither difficult nor expensive.
A specific bequest is a simple way to make a testamentary gift to the Legal Aid Legacy Fund. A specific bequest is a gift by Will of a specific sum of money or of a specific piece of property (such as securities or real estate). The following language may be used in a Will to make a specific bequest:
“I hereby bequeath to The Community Foundation for the Greater Capital Region/Legal Aid Legacy Fund ( a New York State not for profit corporation), Federal tax identification number 14-1505623 (or its successor), currently located at Six Tower Place, Albany, NY 12203, the sum of $__________ and/or the following described property __________, for its general purposes.”
For some contributors, a residuary bequest is more appropriate. If a donor is unsure about the amount that will be available and/or wants to ensure that specific bequests and estate expenses are paid first, then a bequest could be made from the residue of the donor’s estate. A residuary bequest provides the Legal Aid Legacy Fund with some or all of the remainder of a donor’s estate after specific bequests, taxes, and estate expenses have been paid. A residuary bequest to the Legal Aid Legacy Fund could be made in a Will by incorporating the following language:
“I hereby bequeath all (or ____percent) of my residuary estate to The Community Foundation for the Greater Capital Region/Legal Aid Legacy Fund (a New York State not for profit corporation), Federal tax identification number 14-1505623 (or its successor), currently located at Six Tower Place, Albany, NY 12203, for its general purposes.”
Beneficiary Designation for Life Insurance Plan, Retirement Benefit or Employer Death Benefit:
Simply add this language to the information box for Designation of Beneficiary.
Name: The Community Foundation for the Greater Capital Region/ Legal Aid Society of Northeastern New York Legacy Fund
Address: The Community Foundation for the Greater Capital Region, Six Tower Place, Albany, NY 12203
You should consult with your own legal and financial advisors about how to best include your philanthropic goals in your overall estate and financial plans.
The Ruthman Family is proud to support the Legacy Fund of the Legal Aid Society in helping to repay legal education loans for young Legal Aid attorneys. We believe this enables the Legal Aid Society to further its commitment to provide equal access to justice by continuing to attract talented and dedicated attorneys to its ranks.
Additional Ways to Leave a Legacy
If you would like to know more about ways to give, including the options found below, please contact the Legal Aid Legacy Fund Development staff. If you have a taxable estate, these methods of giving may reduce your estate taxes.
Charitable Lead and Remainder Trusts
Provide a gift to the Legal Aid Legacy Fund by transferring assets to a trust during your lifetime, and either direct income to the Legal Aid Fund until your death with the remaining assets then going to your heirs (Remainder Trust), or, income to you and what remains going to the Fund upon your death (Remainder Trust). Each of the gifts has tax benefits.
Retirement Plans and IRAs
Retirement plan assets may be subject to both income and estate taxes, leaving only a small percentage for your heirs. Your estate can enjoy substantial tax savings by designating a charitable beneficiary like the Legal Aid Legacy Fund as a beneficiary or part beneficiary.
Donating life insurance is another creative way to make a significant charitable gift.
For More Information
If you would like more information about including a planned gift for the Legal Aid Legacy Fund in your will or trust, please call Lillian Moy at (518) 689-6304.
Gifts made in honor or memory of individuals can be accompanied by online cards selected by donor.
Please contact your legal and financial advisors for specific information on how to include these gifts in your own tailored financial and estate plans.