PLANNED GIVING
WAYS TO GIVE
Planned gifts have an enormous and lasting impact on the Tunnel to Towers Foundation. By making a planned gift to the Foundation as a part of your legacy, you will be investing in our nation’s most deserving heroes. You will ensure that the Foundation can continue its mission to support America’s heroes and their families for years to come.
WILL
You can name the Foundation in your will for a specific amount or a percentage of your estate. You can also name the Foundation as a beneficiary of your estate after the payment of expenses and gifts to loved ones. We encourage you to discuss your estate plans with an attorney.
We suggest using the following language in your will:
I give and bequeath to the Tunnel to Towers Foundation, a not-for-profit corporation with an address of 2361 Hylan Boulevard, Staten Island, New York 10306, the sum of $_____ (or__ % of my estate; or the property described herein) to be used for the accomplishment of its general purposes.
The Foundation requires a complete copy of the gift instrument in order to verify and properly facilitate the transfer of the charitable bequest.
CHARITABLE REMAINDER TRUST
A charitable remainder trust (CRT) is established when a donor transfers cash or property to the trust. The trust then makes payments for a lifetime or a specified number of years to the donor, and the remainder is distributed to the charity. A CRT allows you to protect your assets as well as the future of our Foundation.
By directing your money to a CRT, you will be able to provide for your family’s future. In addition, a CRT reduces your income taxes now and estate taxes when you die. This trust partnership will fulfill your financial dream for your family, and help the Foundation carry on its mission.
Tunnel to Towers Legacy IRA
The SECURE Act 2.0 became law in 2023 and created a great opportunity for our friends who are age 70 and older and own IRAs. If you are over age 70, the Legacy IRA allows you to make a one-time transfer of up to $53,000 from your IRA directly to Tunnel to Towers and receive a lifetime income from a Charitable Gift Annuity in return. The transfer is non-taxable and if you’re over age 73, will count against that year’s required minimum distribution.
You may select a guaranteed fixed annuity payment for your lifetime or joint lifetimes with your spouse.
To learn more about the Tunnel to Towers Legacy IRA, including specific rates for your age, please complete the form below or call our planned giving department at 718-987-1931.
NEED MORE INFORMATION?
Yes, I’d like to learn more about creating a Legacy IRA with Tunnel to Towers.
More Ways to Give
GIFTS OF STOCK
The Tunnel to Towers Foundation accepts stocks and other securities as charitable donations.
To make a donation of marketable securities, and receive delivery instructions, call 718-987-1931 or email plannedgiving@t2t.org.
We will need to know the type and number of shares you are transferring and your contact information to properly acknowledge the gift.
LIFE INSURANCE
You can name the Tunnel to Towers Foundation as the beneficiary of an existing or new life insurance policy to ensure that your legacy furthers the mission of the Foundation.
For more information, call 718-987-1931 or email plannedgiving@t2t.org.
IRA DISTRIBUTION
You can make a gift to the Foundation directly from your IRA or other retirement funds. Giving a donation in this way can provide you with great tax benefits.
Please speak to a financial advisor for more details or you can call 718-987-1931 or email plannedgiving@t2t.org.
VEHICLE DONATION
The Tunnel to Towers Foundation has partnered with Today’s Veterans to handle all car donations. To schedule your car for pick up or for any additional information please call the car program at 888-980-8387.
Cars can also be donated online at: TodaysVeterans.org.
ARE WE IN YOUR ESTATE PLAN?
Complete the form and let us know so we can recognize your future gift.
SUBMIT YOUR QUESTION
If you have any questions, fill out the form below.