A bequest is the simplest and easiest way to make a significant gift to Newton Conservators after your lifetime. It offers flexibility – you retain use of your assets and can make changes at any time to reflect your philanthropic and financial goals. And a charitable bequest is deductible for federal estate tax purposes.
Common forms of charitable bequest
Cash Bequest
Designate a specific amount for Newton Conservators.
Residuary Bequest
Direct all or a percentage of your estate to Newton Conservators, after payment of cash bequests and estate-related expenses.
Bequest of Property
Direct a particular asset, such as real estate, securities, or tangible personal property, such as an antique or valuable art object, to Newton Conservators. We particularly welcome donations to the City of Newton of land that can be preserved in its natural state for the benefit of future generations, and for which Newton Conservators can hold a Conservation Restriction. Learn more about donating land.
Testamentary Trusts
Provide income for a spouse or other family member for life or a term of years, after which the remaining assets will pass to Newton Conservators.
Beneficiary Designation of IRA, 401(k), or Other Retirement Plan Assets
By naming Newton Conservators as a beneficiary of your retirement fund assets, you can eliminate both the income tax and estate tax that would have to be paid if you left these assets to individuals.
Bequest Language
We advise you to obtain the assistance of an attorney when making or revising your will. Charitable Tax Status
Newton Conservators, Inc., is an IRS-qualified 501(c)(3) charitable organization. Copies of our tax-exempt status letter are available upon request. For estate tax purposes, bequests, legacies, devises, or transfers to the Conservators are deductible as they accord with the provision of the Internal Revenue Code Section 2055(a) and related regulations.