Gift of stock or securities
Investments such as stocks and bonds may be given as a charitable gift. You receive an income tax deduction for the full fair market value, and ADK receives the immediate use of your gift. Contact the ADK Development Department by email at Catherine@adk.org or by phone at 800-395-8080 Ext. 23 for transfer information.
Many ADKers have chosen to support our work by including a charitable bequest to the Club in their will. A will is critical if you wish to make a bequest to the Adirondack Mountain Club, Inc. (our full legal name), and the involvement of an attorney may ensure that your wishes are properly conveyed.
Such bequests can be directed to support specific programs, services, or facilities. They can also be directed to support ADK’s special or capital projects. Unless you specify a purpose for your gift, bequests become part of ADK’s Grow ADK Fund. Bequests to a qualified charitable organization such as the Adirondack Mountain Club are not generally included in the value of your estate, and this may lower certain estate-tax liabilities.
A donor who has accumulated funds in a retirement plan or IRA beyond his or her needs for a comfortable retirement may make a gift from such an account. This gift can lower estate taxes.
Gifts through Life Insurance
If you find yourself no longer in need of the life insurance policy you own, please keep in mind that this, too, can be a charitable gift. Paid-up policies may be deductible for their approximate replacement value when given as a donation. Income tax deductions may also be available, while you still pay premiums, when ADK is named as both owner and beneficiary.
Life Income Gifts
There are many life-income gift options from which to choose. Among other options, a gift made through a Charitable Gift Annuity or Charitable Remainder Trust can provide a life income to the donor as well as an income-tax deduction. Gifts can be made to ADK in the form of cash, securities, or real estate. For information on these types of gifts, please consult your attorney and/or accountant.