TNC Legacy - More Information

By including The Nicholas Center (TNC) in your will, you can offer support without giving up crucial assets you may need now. Designations can be of a specific dollar amount or you may also designate TNC to receive a specified percentage or the residuary of your estate assets.

Sample language includes:
“I give and bequeath to The Nicholas Center, 382 Main Street, Port Washington, NY 11050, federal tax identification number 45-2022370 the sum of $______ (or specific asset or _____ percent or the residuary of my estate) to be used for its general charitable purposes.

Did you know you can support Autistic young adults with vocational training, community connection and a caring community by naming The Nicholas Center as a beneficiary of your IRA, 401(k), 403(b), or other retirement accounts? These assets can be a tax-efficient way to make a lasting impact.

Simply request a beneficiary designation form from your plan administrator. You can name The Nicholas Center as a sole, partial, or contingent beneficiary.

Please list us as:
The Nicholas Center 
382 Main Street
Port Washington, NY 11050

EIN: 45-2022370

Naming The Nicholas Center as a beneficiary of your life insurance policy is a powerful way to provide lasting impact for a marginalized population facing 85% unemployment and under engagement—long into the future. With a relatively small investment, you can create a meaningful legacy that ensures our clients continue to receive nutritious meals and love when they need it most.

By designating The Nicholas Center as the beneficiary of your policy, the full proceeds will support our mission and won’t be subject to estate taxes. If you choose to transfer ownership of an existing policy to us during your lifetime, you may also be eligible for an immediate income tax charitable deduction—and you may be able to deduct any future premium payments you continue to make.

It’s simple to set up:

• If you already have a policy, request a “Change of Beneficiary” form from your insurance company.
• You can name The Nicholas Center as the sole beneficiary, a co-beneficiary, or even as a contingent beneficiary if your primary beneficiary is no longer living.
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On the form list us as:

The Nicholas Center 
382 Main Street
Port Washington, NY 11050

EIN: 45-2022370

A Qualified Charitable Distribution (QCD) lets individuals age 70½ or older donate directly from their Individual Retirement Account (IRA) to a qualified charity like The Nicholas Center —without increasing their taxable income.

Why consider a QCD as an immediate gift?
Giving through a QCD allows you to support our mission while potentially lowering your taxable income. Instead of withdrawing IRA funds as taxable income, you can transfer up to $100,000 per year directly to TNC making your gift work smarter for you and those we serve.

Using QCDs as a legacy gift
You can also name The Nicholas Center as a beneficiary of your IRA, ensuring your generosity continues beyond your lifetime. This simple step helps create a lasting legacy of compassion and care.

Charitable Remainder Trusts (CRTs) provide a flexible way to provide lifetime income. Working with your attorney, you create a trust instrument designating one or more beneficiaries to receive annual income for life or for a term of years. When the trust terminates, the remainder is given to the designated charities.

There are two types of charitable remainder trusts:

• Charitable Remainder Annuity Trust – the income is a fixed dollar amount and the donor cannot make additional contributions to the trust
• Charitable Remainder Unitrust – the income is a fixed percentage of the value of the trust and the donor can make additional contributions to the trust.

The potential benefits of a charitable gift annuity include:

• Income tax deduction for the present value of the remainder interest
• Avoidance of capital gains.
• Flexibility as to the income recipients and type of income.
• A Charitable Remainder Trust can support one or more charities.

On the form list us as:

The Nicholas Center 
382 Main Street
Port Washington, NY 11050

EIN: 45-2022370

Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. Your gift could be doubled if your company participates. Check with your employer’s HR or community relations department.