Legacy Giving

Adding just a few sentences in your will or living trust could make a huge difference to SAGE.

You retain full control of your assets during your lifetime, but you can choose to leave SAGE:

• A specific item
• A specific amount of money
• A gift contingent on certain events or conditions
• A percentage of your estate

To leave a specific dollar amount, you can use this language:

I give, devise, and bequeath $XX [numeric dollar amount] ($XX [dollar amount spelled out]) to SAGE, EIN 13-2947657, currently doing business at 305 Seventh Avenue, New York, NY 10001, or its successor-in-interest, to be used for general operating support.

To leave a percentage of your estate, you might use this language:

I give, devise, and bequeath XX [fill in percentage] percent of my Residuary Estate to SAGE, EIN 13-2947657, currently doing business at 305 Seventh Avenue, New York, NY 10001, or its successor-in-interest, to be used for general operating purposes.

Note: A specific dollar amount comes “off the top” of an estate, or before any deductions are made. A percentage donation is made from what’s left after your other gifts are accounted for.
For more information, email Jerry Chasen, SAGE’s director of legacy planning, or call him at 212-741-2247 x 240.

One of the easiest and smartest ways to make a gift is to designate SAGE as the recipient of your retirement plan contributions. These include any type of tax-deferred account, including an employee retirement plan, an IRA, or a tax-sheltered annuity.

It’s easy because the only thing you need to do is complete a beneficiary designation form. These are readily available—often downloadable—from your plan’s website or from your financial advisor.

It’s smart because SAGE is a nonprofit organization, so we will receive the full amount you give without having to pay taxes on it. However, if you designate a person (at least, a person you’re not married to) as your beneficiary—say, your niece—she may see as little as 30 percent of the full amount because of estate and deferred income taxes.

Designate SAGE as your retirement plan beneficiary using our Federal Tax ID Number: 13-2947657 or for more information, email Jerry Chasen, SAGE’s director of legacy planning, or call him at 212-741-2247 x 240.

You can contribute life insurance in two ways:

• Name SAGE as a beneficiary of your policy
• Transfer ownership of your policy to SAGE, or purchase a policy for SAGE. This choice can result in an income tax deduction.

For more information, email Jerry Chasen, SAGE’s director of legacy planning, or call him at 212-741-2247 x 240.

Is your largest asset your home, a vacation spot, or an investment property? These are examples of appreciated real estate.

You can contribute all or a portion of your property to SAGE, and you can do this as a current gift or as a future gift in a will or living trust.

In fact, if you contribute real estate to SAGE, you won’t pay tax on the appreciation and you’ll get you a tax deduction. You could even make a gift of residential property, receive a tax deduction, and still use the property.

For more information, email Jerry Chasen, SAGE’s director of legacy planning, or call him at 212-741-2247 x 240.

“Charitable gift annuity” might sound complex, but it’s essentially another—albeit slightly more complicated—way for you to get a tax deduction by giving money to SAGE. Here’s how it works:

• You make a donation to SAGE
• That donation is set aside and invested
• You receive a monthly or quarterly payout from SAGE for the rest of your life.
• The size of your payout is determined by many factors, but once it is established, it is fixed.

In addition to receiving income, you may also be eligible to take a few different tax deductions.

SAGE’s gift annuities are guaranteed by CGA America, which is backed by $150,000,000 in assets held by its sponsoring foundation.

A few other considerations:

• You can have the annuity start now or later—the later the start, the better the rate.
• Annuities can benefit one or two people, so they’re great for a couple.
• If you purchase the annuity with appreciated assets, you can save even more on taxes.

For a no-obligation, customized gift annuity proposal, email Jerry Chasen, SAGE’s director of legacy planning, or call him at 212-741-2247 x 240.

SAGE’s Taylor Society recognizes and honors visionary individuals who have left a timeless legacy to current and future LGBT older adults by including SAGE in their planning. The Taylor Society was named after an educator and author, a longtime and quiet SAGE supporter, CT Taylor. He passed away in 2006 and left his estate to SAGE. Although CT shunned public recognition, his family asked SAGE to share his story in the hope that others will follow his example by making planned gifts that help SAGE improve the lives of LGBT older adults for years to come.

SAGE is grateful to the following individuals who have made SAGE’s care for our LGBT elders part of their individual legacies:

Harvey Abrams and Michael Sites
John Ackerman
Michael P. Adams and Fred A. Davie
Paul Akeman
Jeff C. Allison and James D. Lomax
Deanna Alpert
Lennox Arthur
Tim J. Atkin
Ward Auerbach
Roman Bachli
Alton Bader
Ed Baskiewicz and Michael Vaughn
Elizabeth E. Black
Mark B. Black and Glen Leiner
Ted Bloecher
Maryann Bombara
David H. Braff
Clifford Browder
Neil Calet
Darrell Calvin
David W. Canter-McMillan
Gary Carnow and Barry Soroka
Mishael Carr-Scott
Paul Cassidy and Vernon D. Evenson
Peter Catenacci
Lawrence Chanen and Jack Burkhalter
Jerry Chasen
Lisa Chickering
Jim Chotas
Bert Cohen
Jennifer L. Costley
Kenneth R. Cox
Brian C. Craig
Peter Cristopher
Mark J. D’Alessio
Bruce Deal
Buddy Dikman and Chuck Davis
Robert E. Donohue
Jack Dowling
Edward J. Duerholz
Robert P. Duncan and Thomas Richards
Bonnie S. Edwards
Lydia Figueroa
Dawn Fischer and Stacey Friedman
Robert C. Fisher
Alan Francisco-Tipgos
Thomas P. Franzenburg and Patrick L. MacGregor
Meryl Friedman
Richard Friedman
Caroline G. Garcia
Raymond L. Gast
Jeffrey M. Goldstein and Warren H. Seid
Michael L. Goldstein
Van Gonima
Bette Goodman
Tracey Gordon
Linda Gottlieb
John Gotwalt
Kenneth I. Greenstein
Beatrice Greenstein
Gregory Grinley
Ruth M. Gursky
Melvin I. Hall and Carlos Rivera
Douglas E. Harris
Audrey Hartmann
John R. Hawkins
Anthony O. Heilbut
June F. Henkel
John Hennessey
Julia Herd
Susan R. Hester
Margaret W. Hopkins and Hope Kennedy
Leon Hosang and Milton Ellis
Gary A. Humbracht
Craig W. Hutchison and Christopher A. Lodewyks
Lawrence R. Hyer
Gay Marx Lenin Cohen Levi Israel
Levern Jackson
Jean Johnson
Kent J. Johnson and Paul E. Emmons
Elizabeth A. Jones
Leon N. Kalas
William Karam
Judith M. Kasen-Windsor
Paul E. Kennedy
Hope Kennedy
Douglas Kimmel
David Kleinberg-Levin
Joan Koenig
Harold Kooden
Max Lam
Marilyn Lamkay
Eileen M. Lancella
Richard M. Landman
Larry L. Lee and John E. Moscho
Mark Lefevre
Howard D. Leifman
Jay Lesiger
Franklin Levine
Craig Linden
Richard H. Livesey
Stephen B. Lourie and Alfonso G. Rimola
Tressa M. Love
Martin Markowitz and Kim Olson
Kay Maunsbach
Donna McBride and Marilyn Coe
David R. McFadden and Andrew Caputo
Charles R. Middleton
William Millard
Ward Mintz
Jim Murray
Jon C. Nathanson and Richard Feldman
Heidi Newburg
Stanley Newman and Brian Rosenthal
Robert Newton
Roger Nichols and Gary Weisenborn
Daniel A. Nickolich
Robert C. Nielsen
Jim Obergefell
Walfrido B. Patawaran
James G. Pepper
Robert C. Philipson
Arthur Phillips
Charles R. Pisano and George Nader
Robert J. Powers
Kathleen Randall
Ralph M. Randazzo and Fredric J. Cantor
M. William Rayman
William P. Reader
Don Reichley
Rosalyn Richter and Janet Weinberg
John Roberts
Joyce Rodewald
Jerry C. Rumain and D. Nicholas Russo
Walter F. Rummenie
Mark Sandell
William Sands
Paula Saunders
Steven Scherdorf
Elizabeth Schwartz
Joel I. Schwartz
Cindy Schwartz and Lisa Osta
Thomas Sciacca and Jeremy Elkins
R. Stephen Seibt
Audrey Seidman
Elliott Sernel and Larry Falconio
Robert D. Sholiton
Lisa Shwidock
Lee Sider and Gregory Stanton
Lisa L. Simon
Thomas D. Sloan
Paul J. Somerville
Stephen Sondheim
John A. Spinelli
Irwin Srob
Scott Stackpole
Glenn Stancroff
Frank Stark
Kevin Sterns and Charles Skowron
Alfred Szymanski
Terry H. Taylor
John Thomas
Domenico A. Tolipani
Raymond W. Townsend
Judith E. Turkel and Jennifer L. Costley
William M. Voelkel
Herbert Walcoe
Richard C. Weber
William E. Weinberger and Danny Gibson
Stewart H. Weinstein
John Conrad Weiser
Kevin W. Williams
James P. Williams
Neil R. Williamson and John McClay
Sheldon Winicour and Ken Boyar
Ellis Woodward
Jason P. Young
Dennis A. Young
Barbara Zacky
Andrew Zbikowski
Michael R. Zients and Derek R. Larson
George R. Zuber

SAGE is grateful to the following individuals whose legacies support SAGE’s care for our LGBT elders:

Jack Abrahams
Thomas Tucker Adair
Eleanor Alpern
C. Edwin Baker
Joan Bardach
Frank R. Batelli
Albert Blois
Evan Blumenthal
David L. Brandenburg
Eric Brauer
Maria Muriel Bryce
Edward Butcher
William H. Cambell
Bhaskar Chowdhury
Rita Christiani
Herbert I Cohen
James Conaway
John R. Cook
John H. Crawford
Thomas Crehore
Henry Day
Arto Demirjian, Jr.
George Dube
Elton Elliot
Rose Fanarjian
Elizabeth C. Ferris
Willet Fields
Elaine Fine
John Fludas
Jean Freifield
Sanford Friedman
Vincent Gambino
Paul G. Giddings
Nicolai Gioscia
Eliot Glazer
G. Robert Goodall
Herbert Gray
Allen Greenstein
Beryl Greenwald
John Harbster
Donald Hartog
Eugene Harwood
Robert Sherwin Hennes
John P. Hennigan
Rolf Hirschberg
Earl K. Holstege
Diane Hopsia
Irwin Jacobs
Melvin Katzman
Richard Kersche
Robert B. Levithan
William Livingstone
John V. Lyon
Charles Magistro
Joseph J. Maio
Allan Masur
Richard Mayer
Adrian Mayer
Clinton Meininger
Mario Mesi
Harold Michal-Smith
Joan Miller
Arthur Monaco
John Buscemi Montana
Monty Morgan
Howard R. Morse
John Dallas Myers
Winifred Nadel
John A. Neher
Robert M. Neubauer
Tracy O’Kates
Gian Eric Pace
Andrew Palese
Davis P. Platt
Bernard Plotkin
Melvin Polisher
Jeanne Audrey Powers Trust
Saundra Powers
Gerald Primack
Eugent Pryzbyl
Elliot Rabner
Peter Reiche
Mark J. Richard
Marlene Ringelheim
John Roberts
J. Trumbull Rogers
Charles P. Romo
Joni Ross
Arthur Roth
Philip H. Rubin
Kenneth E. Rummel
Martin Schwartz
Harold Seeley
Donald M. Shachat
Maurice Shroder
William Siegel
Rob Sinacore
William R. Sleeve
John C. Sorensen
Irwin H. Stahl
Walter Stern
Jacob Stevens
Eleanor Stier
Alton Stilson
Percy Strickland
James Stroumbos
Charles R. Taylor, Jr.
Shirley Thomas
Raymond Tighe
Adele M. Tobin
Seymour Tutelman
John Tynes
Selma Uslaner
Charles Philip Wehringer
Barbara Whiting
Ruth H. Wilson
Edie S. Windsor Revocable Trust
James B. Wozniak
Michael Alan Young