Planned Giving
BEQUESTS
Individuals may choose to make a gift to Good Shepherd Communities Foundation that will have a purpose beyond their lifetime. Most frequently this is through a bequest. A bequest is the simplest “planned gift.” It is important to remember that a charitable bequest of any size will benefit the Foundation. Each bequest assists in furthering Good Shepherd's mission to provide housing and healthcare for older adults.
Naming Good Shepherd Communities Foundation in your will is simple. Suggested wording is: I bequeath to Good Shepherd Communities Foundation, 32 Village Drive, Endwell, NY 13760, the sum of $ (or % of your estate, or the residue of it) to be used for general purposes (or specify the particular purpose or community you wish to benefit.)
LIFE INCOME GIFTS
Donors may choose to take advantage of giving plans that provide them with income for life and/or tax benefits while securing a future gift for Good Shepherd Communities Foundation. This can be done through Charitable Gift Annuities and Charitable Trusts.
Charitable Gift Annuities, Charitable Remainder Annuity Trusts, and Charitable Remainder Unitrusts are all irrevocable. Charitable Gift Annuities provide payments for life for one or two lives. Good Shepherd Communities Foundation would receive the remainder of the annuity upon the death of the annuitant(s).
Charitable Remainder Annuity Trusts and Charitable Remainder Trusts provide payments for a single lifetime, more than one lifetime, or for a period of years. The primary difference in these two trusts is how trust payment amounts are calculated. As with a Charitable Gift Annuity, Good Shepherd Communities Foundation could be named as the beneficiary of the remainder.
A Charitable Lead Trust is established for a period of years, or for a lifetime. It works in reverse of the Charitable Remainder Trust. While the trust exists, payments are made to Good Shepherd Communities Foundation. The remainder will go to the donor or a named beneficiary.
For further information. please contact the Foundation Office at
Good Shepherd Communities Foundation
32 Village Drive
Endwell, NY 13760
607-757-3100 or bjuozitis@gscfoundation.org