Other Ways to Give
Double your contribution at work.
Many companies will match their employees’ charitable contributions. Please check with your personnel office to see if your company matches gifts.
Help ensure that Poets & Writers is here for the next generation of writers with a provision for P&W in your estate plans.
Bequests through your will or other planned gifts of any size will qualify you as a member of Poets & Writers Legacy Circle, a special group of donors who are recognized in the annual report and are accorded a full range of lifelong benefits.
In addition to helping Poets & Writers, a bequest or trust can help satisfy your financial or estate-planning needs, preserve assets left to heirs, and provide important tax benefits and ongoing income.
If you have already made a provision for Poets & Writers in your will or would like additional information, please contact the development office.
We strongly recommend that you discuss your gift plans with your legal and financial advisers.
- How do I make a bequest to Poets & Writers in my will?
- How do I donate stock?
- How do I make a gift through life insurance?
- How do I donate retirement benefits?
- How do I make a donation through a charitable trust?
Bequests
Bequests through your will to Poets & Writers can be made in the form of cash, securities, or other property. It may suit your estate-planning needs better to leave P&W either a percentage of your estate or the remainder after you have made specific bequests to others.
A bequest may be established as a special fund in your name or in the name of someone you wish to memorialize.
Poets & Writers recommends that, for estate-planning purposes, you consider using the following language in your will: I give and bequeath (dollar amount or percentage) to Poets & Writers, Inc. located at 90 Broad Street, Suite 2100, New York, New York 10004 for the organization’s general purposes.
Gifts of Stock
Stock can be given as a contribution, a bequest, or it can be used to create a charitable trust.
By making a gift of publicly traded stock that you have held more than a year and that has grown in value, you can achieve significant tax savings.
Please think twice about donating stock that has lost value. The capital loss on the sale of such stock is a valuable deduction; if the stock is given to Poets & Writers, you forfeit the value of the loss.
Gifts of Life Insurance
Substantial charitable gifts can be made through life insurance. You may choose to give a paid-up policy that is no longer needed to provide for your heirs. Such a gift entitles you to a tax deduction, which may be equal to the surrender value of the policy. A new insurance policy bought for the purpose of endowing a legacy for Poets & Writers can also create a substantial gift. It entitles you to tax deductions when the premiums are paid by you.
Retirement Benefits
Combined estate and income taxes on any amount held in a pension account or individual retirement account (IRA) at death may total as much as 70 percent. You may reduce your tax liability by designating P&W as a beneficiary of your retirement plans.
Charitable Trusts
Donations made through charitable trusts enable you to make a significant donation to Poets & Writers during your lifetime while:
- Providing current income for you or someone you designate from the trust, while leaving the remaining balance to Poets & Writers; or
- Allowing you to increase your giving to Poets & Writers by paying an amount from the trust annually to Poets & Writers, after which the remaining balance reverts to you or someone you designate.
Trusts are extremely flexible financial instruments that can solve many estate- and financial-planning needs. Some trusts offer tax-favored income; some can help reduce or avoid tax on capital gains; others offer substantial gift- or estate-tax savings on assets passed on to heirs.
