Planned Giving

"For Mercy has a human heart."

William Blake

"Just like the joy of basking in sunlight, there is great joy in basking in the light that emanates from the hearts of people involved in a good and generous work. And so it is at Mercy Center - participants, friends, staff, supporters, volunteers, foundations."

Joseph S. Dirr

Co-Director Mercy Center 2003-201

You can make a lasting gift to Mercy Center that will help continue our work and at the same time may reduce your tax burden and/or earn lifetime income:

  • Make a bequest through your will.

  • Purchase a Mercy Center Charitable Gift Annuity (CGA).

  • Donate a paid insurance policy that names Mercy Center as the beneficiary.

 

Planned giving is an important topic that would likely involve family members and your financial adviser. Please contact Archie Crawford, Director of Development, direct at 718-942-9805 or acrawford@mercycenterbronx.org to schedule a confidential phone conversation to learn more or share your ideas.

Remember Mercy Center in Your Will!

If you believe in the mission of Mercy Center and want to help ensure its future, consider including Mercy Center in your will. This can mean a specific bequest of an asset such as property or stock or a cash gift. If you are concerned about making sure your loved ones are taken care of, you may want to make a residuary or contingent bequest. In a residuary bequest, you provide Mercy Center with the remainder of your estate (or a portion of the remainder) after all of your specific bequests are taken care of.

Example:

I direct that all (or a specific percent) or the rest, residue, and remainder of my estate be given to Mercy Center.

In a contingent bequest, Mercy Center becomes a beneficiary only when a designated beneficiary fails to survive you.

Example:

If any of the above-named beneficiaries should predecease me or no longer exist, I direct that the share of that beneficiary be transferred to Mercy Center.

If you already have a will and wish to make a bequest to Mercy Center without rewriting your entire will, you can create a Codicil.

Example:

I (your name), a resident of (your address), make this Codicil to my Last Will and Testament executed by me on (date). I hereby modify and amend my Last Will and Testament as follows: (insert bequest). Except as my Last Will and Testament is expressly modified or amended by this Codicil, I ratify and reaffirm my Last Will and Testament in its entirety.

The Codicil then must be signed by you and witnessed in accordance with the laws of your state. The suggested language is provided for information only. If you are interested in changing or making a will or creating a Codicil, we recommend you consult your lawyer.

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