Gifts By Will
A will or bequest is the easiest way to ensure that you fully provide for your family and that your assets are distributed as you wish. Many friends have remembered the Long Island Chapter in their will while providing for their family. A bequest through your will also provides continuing support for the critical programs and services of the Chapter for the MS community
A gift to the Long Island Chapter through your will has several advantages:
Charitable gifts made through your will are 100 percent deductible for estate tax purposes;
A charitable bequest may place your estate in a lower estate tax bracket;
You may specify that your bequest is used for general purposes of the Chapter or for a particular program of interest;
Your gift ensures your continued support of the Society's mission.
Examples of a Gift By Will Language
For a bequest provision is simple and can be incorporated into a new will or added by a codicil, or amendment, to your existing will. Here is some suggested language pertaining to bequests:
- Unrestricted Bequests
"I give to the National Multiple Sclerosis Society, Long Island Chapter, 40 Marcus Drive, Suite 100, Melville, NY 11747 (TAX ID # ) the greater of $____(dollars) or ____%(percent) of my estate."
- Residual Bequests
"I give (all) or (percent of) the residue of my estate to the Long Island Chapter, 40 Marcus Drive, Suite 100, Melville, NY 11747 (TAX ID # )."
- Restricted Bequests
"I give to the Long Island Chapter, 40 Marcus Drive, Suite 100, Melville, NY 11747 (TAX ID # ) the greater of $____(dollars) or ____%(percent) of my estate for the following purpose ______."
- Contingent Bequests
"I give to Mrs. Jane Smith the greater of $____(dollars) or ____%(percent) of my estate. In the event she shall predecease me, I direct this sum, or percent, to be paid to the Long Island Chapter, 40 Marcus Drive, Suite 100, Melville, NY 11747 (TAX ID # )."
For more information, please contact Pam Mastrota, President & CEO at 516.740.7227 or 631.864.8337 or email pamela.mastrota@nmss.org.