Planned Giving

 

Legacy Society

The Riverfront Legacy Society recognizes those who have included Riverfront Recapture in their estate plans. Our friends who join this group want to ensure that the Riverfront stays open and accessible to future generations. Members are recognized in the Annual Report (unless otherwise requested) and often receive special invitations to events.

If you are thinking of including Riverfront Recapture in any of your planned giving vehicles (bequests, Life Insurance, IRA, charitable trust), or if you have already done so, please contact Deborah Baker via email or call 860.713.3131 ext. 326.

Before or after a conversation with us, we strongly encourage you to work with your attorney or financial advisors to develop the best options for you and your loved ones.

Riverfront is a participant in Leave a Legacy Connecticut, a statewide public awareness effort to promote charitable giving through wills and estate plans.

Bequests

Including Riverfront Recapture as a beneficiary of your estate might result in benefits to your loved ones, as the charitable contribution removes a portion of your taxable estate. You might wish to consider:

  • Specific Bequest: Describe exactly what you want to leave to Riverfront, such as a specific dollar amount or percentage, or a particular item (such as an antique or collector’s item). For example, your will could state: “I leave my diamond engagement ring to my granddaughter, Samantha. I also leave my stocks and bonds, in their entirety (or state specific stocks or bonds) to Riverfront Recapture, Inc.”
  • Residuary Bequest: This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid. For example, your will could state: “I give all the rest, residue, and remainder of my real and personal estate to Riverfront Recapture, Inc.”
  • Contingent Bequest: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent designation. For example, your will could state: “I give all the rest, residue, and remainder of my real and personal estate to my husband, Bob, if he survives me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to Riverfront Recapture, Inc., Hartford, CT.”

Riverfront Recapture advises you to consult with your attorney or tax advisor when considering a bequest.

We also ask you to contact us to inquire about planned giving that might be most suitable to your situation or to let us know that you have included us in your will by contacting Deborah Baker via email or phone at 860.713.3131 ext. 326.

Gifts of Life Insurance

You may also wish to designate Riverfront Recapture as a beneficiary of all or a portion of a life insurance policy. Please let us know if you have questions about how to do so, or if you have already taken this step, so that we can add you to our Legacy Society, by contacting Deborah Baker via email or phone at 860.713.3131 ext. 326.

Gifts of IRA

You may also wish to designate Riverfront Recapture as a beneficiary of all or a portion of your IRA. Please let us know if you have questions about how to do so, or if have already taken this step, so that we can add you to our Legacy Society, by contacting Deborah Baker via email or phone at 860.713.3131 ext. 326.