Your planned contribution to the Essex County Land Bank has the potential to create profound and lasting impacts. By bolstering our efforts in providing permanent affordable housing, promoting economic prosperity, and remediating blight within our beloved Adirondack Park, your gift can shape a brighter future for Essex County.
Immediate Legacy Gifts
Real Estate
By directly deeding property to the Land Bank or leaving it in your will, your real estate can become a cornerstone of our efforts. This irrevocable gift can offer you an immediate tax deduction and potentially avoid capital gains. Your real estate contribution will serve as a vehicle for meaningful change, facilitating affordable and sustainable development while preserving the unique natural beauty of the Adirondack Park
Life Insurance
Consider making a significant contribution by naming the Essex County Land Bank as the owner and beneficiary of a life insurance policy
Income-Generating Legacy Gifts
Charitable Gift Annuity or Charitable Remainder Trust
By making an irrevocable gift of cash or securities, you can receive a fixed or variable income for life. Upon termination, the remaining assets will be directed towards the Land Bank’s mission
Legacy Gifts in Your Will
Bequests
Leave a legacy of lasting impact by making a bequest to the Land Bank in your will or revocable trust. You can retain the asset during your lifetime and offer significant support posthumously
Retirement Plan Assets
Naming the Land Bank as a beneficiary of your retirement assets can provide a tax-efficient method of supporting our work. These assets can pass tax-free to the Land Bank, directly supporting our initiatives
Bank or Investment Account
Naming the Land Bank as the beneficiary of a financial account offers a simple way to leave a significant legacy gift
Other Gift Options
Memorial Bequests
Consider establishing a fund in memory of a loved one, which can serve as a lasting tribute while furthering our mission
Codicils
A codicil can easily add, modify, or delete terms of your will. Including a codicil that names the Land Bank in your will may not require changing your documents and could reaffirm other terms of your will