Your planned contribution to North Country Rural Development (NRDC) is a significant step in sustaining our initiatives in community enhancement, housing restoration, and historic preservation. You have several options for giving:
Your planned contribution to North Country Rural Development (NRDC) is a significant step in sustaining our initiatives in community enhancement, housing restoration, and historic preservation. You have several options for giving:
Donating appreciated securities, such as common stocks or mutual funds, can provide substantial support while offering you tax benefits. Other appreciated assets, like real estate, may also be given after discussing with NRDC.
If you are 70 ½ or older, you can make tax-free distributions from your IRA directly to NRDC, thereby excluding this distribution from your adjusted gross income
You can leave a gift in your will or revocable trust, which allows you to retain the asset during your life and offer significant support to NRDC posthumously
By naming NRDC as the beneficiary of a financial account, you can leave a significant legacy gift in a straightforward manner
Naming NRDC as the beneficiary of your retirement assets can help avoid heavy taxation, allowing the asset to pass tax-free
Consider establishing a memorial bequest, a fund in memory of a loved one
A codicil can easily add, modify, or delete terms of your will. Including a codicil that names NCRD may not require changing your documents and could reaffirm other terms of your will
By making an irrevocable gift of cash or securities, you receive a stable income for life, and upon termination, NRDC receives the residual value of the annuity
This involves an irrevocable gift of assets into a trust that provides you a fixed or variable income for life or a set term. At the trust’s termination, NRDC receives the remaining assets
Income payments are given to NRDC for a set period of years, after which the assets are transferred back to the donor or to designated beneficiaries
For further discussion about your giving options, please contact Nicole Justice Green at executive.director@northcountryruraldevelopment.org.