Make Lake George a Part of Your Legacy through

LGA's Second Century Reserve

Investing in the Future of Lake George…
Here are some of the other ways that you can help support the Lake George Association.

Note: We encourage anyone interested in supporting the LGA to view our profile and IRS 990 form on the GuideStar website.

Second Century Reserve
In 1996, the Lake George Association’s Board of Directors created LGA’s Second Century Reserve as a special opportunity for individuals, families and corporations to give substantial capital support to LGA’s Lake Saving programs while providing tax benefits to the donor.

Gift planning is an effective way to make a substantial and lasting contribution to the Lake George Association. Become a member of the "Lake George Legacy" and help to insure that future generations will be able to enjoy the lake's crystal clear water, abundant fishing and picturesque mountainsides.

Gifts to the Lake George Association through your will are generally exempt from federal or state inheritance taxes, and subject to an unlimited deduction. Estate planning, combined with your membership pledge, can result in a much larger donation than you may have thought possible.

There are many ways to give to LGA’s Second Century Reserve with the most popular in the form of outright gifts that include cash, stock, appreciated property, and tangible personal property.

Also, there are plans that provide a stream of payments such as a charitable remainder trust, annuity trust, pooled income fund, charitable gift annuity, immediate annuity and deferred payment gift annuity. These are only examples of the many types of trusts and annuities available to donors.

Bequests 

Specific Bequest 

In your will or revocable living trust, you direct that a specified dollar amount or percentage of your estate be paid to LGA.

Residuary Bequest

You direct that the LGA should receive all or a specified percentage of the remaining assets in your estate after other expenses and bequests have been paid.

Contingent Bequest

A specified dollar amount or percentage of your estate is paid to LGA only in the event that your other, named beneficiaries do not survive you.

Remainder Bequest

An amount of money is invested to provide income to a surviving spouse or child(ren). The remaining principal is paid to LGA.

Click here for more information on supporting the LGA with a gift through a Bequest.

Other forms of Planned Giving

Name a Beneficiary

Designate LGA as a beneficiary of your retirement plan or insurance policy.

Life-Income Gifts

Make a gift to LGA that pays an income to you, your spouse or a named individual for life or a specified term of years. The remaining balance is paid to LGA.

Charitable Lead Trust

Create a trust that provides an income to LGA for a specified term of years. After the term ends, the principal is transferred to your beneficiaries.

Give Appreciated Assets

Donate appreciated securities, personal property, real estate or insurance policies directly to LGA.

Benefits of Giving to the Second Century Reserve

Depending on specific circumstances, donors can realize many or all of the following benefits based on a careful charitable giving plan:

• Personal satisfaction of helping LGA fulfill its mission
• Income tax savings through the charitable gift deduction
• Avoidance of the capital gain tax on contributions
• Retained payments for life of a donor and/or beneficiaries
• Elimination of federal estate tax on the value of the property
• Reduced estate settlement costs

Gift arrangements create complex tax issues that must be handled so as to produce the desired benefits for the donor and LGA.

This Estate Planning information is not intended to be tax or legal advice. We suggest that you consult a qualified financial advisor before making your gift.

For more information, please contact us via the web or call the LGA @ (518) 668-3558.