ENSO LEGACY
Enso is a sacred symbol in Zen Buddhism meaning circle or circle of togetherness. New York Zen Center’s Enso Legacy is a circle of visionary individuals who have made a planned gift to NYZC. Together, we can ensure that our work transforming the culture of care will continue for generations to come.
If you have questions or would like to discuss your planned giving options, please contact us at info@zencare.org.
WHY PLANNED GIVING?
Planned giving is an enduring legacy and an expression of living with intention and purpose. It is a deliberate act of generosity that reaches beyond your own lifetime to care for those who come after you.
You don't need to be wealthy to make a meaningful planned gift and there are many ways to give—a percentage of your estate, a residual bequest, or naming the New York Zen Center as a beneficiary on a financial account costs nothing during your lifetime and creates an impact that endures.
We invite you to consider joining the circle of individuals and families who share in our commitment to help care for those most vulnerable among us for generations to come.
WAYS TO GIVE
Make a Bequest to NYZC
MAKE A BEQUEST TO NYZC in your will or trust by simply adding a written statement directing a specific asset or a percentage of an estate or property to be transferred at your death. The following is a sample of what may be appropriate in a will or trust:
I am giving [X% of my estate or specific property] or [$X] to the New York Zen Center for Contemplative Care, a 501(c)(3) nonprofit corporation to be used for its general purposes. NYZC’s Tax Identification Number is: 20-8452673.
Designate NYZC as a Beneficiary of an IRA, 401(k), or Pension
This is a convenient way to make a gift that may save your heirs undue tax burdens. When given to individuals, these assets will be subject to high tax liabilities. As a non-profit organization, NYZC would not be taxed. You can update the beneficiary for your retirement account by contacting your plan administrator. If you are required to take a minimum distribution from your IRA, you may also direct these monies to NYZC for some or all of the distribution and receive a tax benefit.
Name NYZC as a Beneficiary of a Life Insurance Policy
Designating the benefits of a life insurance policy is an easy and meaningful way to make a gift. You can update the beneficiaries of your life insurance policy by requesting a new form from your insurer. NYZC can be named to receive the whole amount or a percentage of the benefit at your death.
Make a Donor Advised Fund Gift
You can direct a charitable distribution to NYZC from your Donor Advised Fund (DAF) during your lifetime or name NYZC as a beneficiary of the remainder of your account upon your death. As with retirement accounts and life insurance policies, you simply need to update the beneficiary form.
Transfer Stock to NYZC
Donating appreciated securities (stocks, bonds or mutual fund shares) may bring significant tax savings. You may be able to deduct the full value of the security as a charitable deduction, without the obligation to pay capital gains tax on the appreciated value.
Establish a Charitable Remainder Trust / Charitable Lead Trust
Charitable Remainder Trusts (CRT) and Charitable Lead Trusts (CLT) are specialized trusts that may support both your family and NYZC. A CRT would provide income to you and your family for a specific period of time with the balance of the trust assets passing to NYZC. Conversely, a CLT would provide income to NYZC for a period of time with the balance of the assets passing to your family.
ENSO LEGACY INTENT FORM
If you have joined—or would like to join—the circle of individuals who have included NYZC and those we serve in your planned giving, thank you for your vision and generosity. We realize that many people who plan to support organizations prefer to keep their intentions private. However, by letting us know of your plans, we can thank you during your life, and confirm that we are able to fulfill your stated intentions. We invite you to use the form below to share the details of your planned giving arrangements with NYZC. Completed forms can be sent to info@zencare.org.
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