Planned Gifts

Some of the Most Common Gifts:

Gifts of Appreciated Stock/Mutual Funds

Giving appreciated stock or mutual funds can be advantageous to you.

Methods for transferring stock or mutual funds to TRCF:

1. Hand deliver the certificates to TRC Foundation at 880 East Second Street, Jamestown, N.Y. Please do not sign the reverse side of the certificate. A separate Stock Power Form should be signed instead. It is important that your signature be authenticated by your bank or brokerage firm that has the ability to guarantee your signature. The date of delivery becomes the effective date of the gift.

2. Mail Stock Certificates to TRC Foundation. When mailing your certificates,

please do not sign the reverse side of the certificate. A separate Stock Power Form must be signed instead. The Stock Power Form must be signature guaranteed. Your signature should be authenticated by an organization such as your bank or brokerage firm that has the ability to guarantee the signature.

You should send the signature guarantee in a separate mailing envelope to TRC Foundation. Sending stock certificates and the signature guarantee in the same mailing envelope could pose a serious risk. Mail to: Paul Cesana, President, TRC Foundation at 880 East Second Street, Jamestown, N.Y. 14701-3889.

3. Paperless transfer to TRC Foundation brokerage account. This is the simplest way to make a gift of securities. Simply instruct your broker to transfer specified shares from your account to a TRC Foundation account.

It is important that your broker not sell the stock while it is still in your account. This would cause a capital gains tax liability. It should not be sold until it is transferred to the TRC Foundation account.

Please contact Karen LaSota, Resource Development Coordinator at:
TRCklasota@alltel.net, or (716) 661-1518 to obtain a TRC Foundation account number and contact information for your brokerage firm, if applicable.

Establishing a Legacy Gift

Many individuals who have supported us for many years during their lifetime want to make sure that part of their estate goes to support people with special needs for years to come. You may choose several options.

Bequests: A bequest to the TRC Foundation through your will enables you to make a significant contribution that might not have been possible during your lifetime. A donation to TRC Foundation is exempt from federal estate taxes.

Life Insurance: A gift of a life insurance policy provides a meaningful legacy. You could make a large gift with little cost to yourself by transferring to TRC Foundation the actual policy (perhaps one that is no longer needed for its original purpose) and naming us as the beneficiary.

Retirement Savings: You may designate the TRC Foundation as beneficiary of the remainder of the assets of your retirement after your lifetime.

Create a Trust: You may want to create a trust that will provide you with tax benefits and possible income for the remainder of your life.

A Gift of Real Estate: You may consider donating your property to us or selling it to us at a bargain price. This would provide you with an immediate charitable income tax deduction and avoidance of capital gains tax. Additionally, you may consider designating the ownership of your home to us, but retain occupancy. This gift can provide a charitable income tax deduction and lifetime use of your home.

If you are considering any of these opportunities for charitable giving, please contact us at (716) 661-1518. We will work closely with you, your attorney, and financial advisor to ensure that we create a meaningful and everlasting tribute that reflects your generosity.