MORNING DAWNS Sunrise at Rattlesnake Ridge facing Pinnacle Mountain. © Joshua Kwekel

Make a Gift in Your Will or Estate Plan

Many of our supporters leave gifts to the Gramercy Park Block Association in their wills or estate plans so they can do even more to support our important work.

How it Works

1.
You designate a particular asset or a percentage of your estate to the GPBA by including a bequest provision in your will or revocable trust. You can do this while creating your will or trust, or you can amend an existing one with a simple document. The Block Association can be either a primary or a contingent beneficiary.

2.
You inform the GPBA of your commitment, which helps for planning.

Your distribution is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from state inheritance taxes.

Benefits

Your gift costs you nothing now. You retain control of your assets during your lifetime.

You can change your mind or modify your gift if circumstances change.

Your gift can remain anonymous if you choose.

Your gift may provide tax savings or help reduce the tax burden for your heirs.

Gifts of Stock

Donating stocks or mutual funds to the Gramercy Park Block Association is a smart and simple way to support our work. By making a gift of appreciated securities, you may be able to avoid capital gains tax, diversify your portfolio and/or secure a stream of income.

How it Works

You can make a gift of appreciated securities—publicly traded stocks, bonds and mutual fund shares—to the GPBA while avoiding capital gains tax, diversifying your portfolio and/or securing a stream of income. It’s a simple and efficient way to give.

1.
You transfer appreciated securities to the GPBA.

2.
The Block Association sells the securities and uses the proceeds to fund our work.

Benefits

You receive credit and an immediate income tax deduction for the fair market value (average high and low prices on the day of the transfer).

You avoid capital gains tax.

You may fund a charitable gift annuity or a unitrust that diversifies your portfolio and allows you to receive lifetime payments that equal or surpass the dividends the securities are paying now.

Please note that the securities you use to make your gift must have been held by you for more than one year to be fully deductible.

Gifts from your IRA

If you are 70½ or older, you can make a tax-free distribution from your traditional or Roth IRA to the Gramercy Park Block Association. It’s an efficient way to support our important work.

How it Works

You can donate up to $100,000 each year without incurring income tax on your withdrawal.

1.
You direct distributions in the amount of your choosing from your traditional or Roth IRA to the GPBA. This can be a one-time or recurring gift.

2.
The distributions go directly to the GPBA and are not subject to federal income tax.

3.
To ensure that your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. If is very important that you also contact us at (212) 260-3875 or harrisongramercypark@gmail.com to let us know to expect your gift.

Gramercy Park Block Association
34 Gramercy Park E
New York, NY  10003

Please Note:
If you are still working and contributing to a retirement account, this gift could impact your taxable income. Please consult a qualified advisor before making a gift. If you’re under the age of 70½, you can use your IRA to support GPBA’s work by making a withdrawal and donating the proceeds after taxes OR by designating GPBA as a beneficiary of your retirement plan.

 

 

 

Benefits

You avoid the income tax penalty on your distributions.

You have the satisfaction of seeing your gift immediately support our work.