Make a Bequest
"Not marble, nor the gilded monuments
Of princes, shall outlive this powerful rhyme."
It is precisely because poetry is more lasting than monuments that the Academy of American Poets has been a necessary organization for more than four generations, and a central place for people who love poetry and literature to remember others in perpetuity.
Please take a moment today to ensure future generations have access to American poetry by pledging to leave a gift to the Academy of American Poets in your estate plans. Individuals who designate a gift to us in their will and inform us of their doing so, become a part of the Marie Bullock Society, named for our founder.
This special group of individuals receives mention in our annual report. If you are looking for bequest language, we recommend the following:
“I give, devise, and bequeath to the Academy of American Poets, 75 Maiden Lane, Suite 901, New York, NY 10025, the sum of $________ (or property described) for its general purposes. Their tax identification number is 13-1879953.”
We also welcome a myriad of planned gifts opportunities as outlined below. Please consult with your financial, tax, and legal advisors to help you decide which of these giving opportunities is best for you:
Please name the Academy of American Poets as a beneficiary of your donor advised fund, retirement plan, IRA, or life insurance policy. Simply fill out a beneficiary designation form from your plan.
The gift of your home is a deeply meaningful way to support the Academy of American Poets. It's possible to make a transformational pledge during your lifetime—without affecting your lifestyle—through a "retained life estate." You may prefer to use real estate to fund a charitable remainder trust or a charitable lead trust.
CHARITABLE REMAINDER TRUSTS
Such arrangements may be tailored to meet your financial needs and can provide either a fixed or variable income for the life of the beneficiaries or for a set number of years. The donated assets (often cash, securities, and/or real estate) are irrevocably transferred to a Trustee. Upon termination of the trust, the remaining assets pass to the Academy of American Poets. A portion of your contribution may be tax-deductible in the year you make the gift.
• A charitable remainder annuity trust pays income as a fixed dollar amount that remains constant for the term of the trust.
• A charitable remainder unitrust pays income that varies from year to year.
CHARITABLE LEAD TRUSTS
Such an arrangement provides income to the the Academy of American Poets for a specified period of time, after which the trust property passes to the donor's heirs.
• Often stock or income-generating real estate are irrevocably transferred to a trust at a minimum amount.
• The Academy of American Poets receives income from the trust for a specified period of time, after which the property in the trust is transferred to the heirs without further taxation.
• An immediate charitable deduction on one’s gift tax return is available for the present value of the total income stream the Academy of American Poets will receive during the trust term.
• This gift can reduce or eliminate the gift and/or estate tax that would normally be payable on the transfer of these assets to your heirs.