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Philanthropy

What makes Peconic Landing so exceptional, so vastly different from other lifecare retirement communities?

The answer to that question is Peconic Landing’s combination of a unique equity-based structure, long list of achievements and breathtaking waterfront location. Taken altogether, it’s a dynamic community that embraces a healthy, active lifestyle infused with a sense of exploration, creativity and generosity of spirit.

Our Giving Program offers several different gifting options. Each one is a way to have a positive effect on the lives of others while providing substantial benefits to the donor. We invite you to explore the available opportunities and discuss which options would be most beneficial to you. For more information please email dradigan@peconiclanding.com.

Charitable Gift Annuities

Charitable Gift Annuities involve a basic agreement in which the charity accepts a gift of cash, securities or property and agrees to pay a fixed, defined dollar amount to the donor or another beneficiary. The set payment amount, established by the American Council on Gift Annuities, is based on the annuitant’s age. Since the gift is irrevocable, the charity maintains control of the gift and becomes accountable for paying income for the lifetime of each annuitant.  When a donor creates a Charitable Gift Annuity, he or she generates an income tax deduction, defers or avoids capital gains tax and creates a fixed income stream, partially tax free, for life.

Lifetime Trusts

A lifetime trust is a written legal document that substitutes for a will as your primary estate planning. The creator, or grantor, transfers his/her assets – home, financial accounts and personal property – to the trust. The grantor specifies a person or charity to be the recipient of these assets once the grantor has died.

Bequests

Bequests are transfers of wealth that occur upon a donor’s death and are 100% tax deductible from estate taxes. These planned gifts can take many forms – specific (certain amount), general (property similar to all items distributed, usually cash), percentage (stated percent of estate), or residual (all or part of an estate’s remains after other bequests are allocated). Bequests can also be trusts designed to benefit charitable organizations during or after your lifetime, or to name a nonprofit as a beneficiary of an insurance policy or retirement fund recipient.

Matching Gifts

A matching gift is a charitable donation to a nonprofit organization – by a company or an individual – under the condition that the original donor is making a gift to that organization. It is usually a 1:1 ratio, with the matched gift equal to the amount contributed by the original donor. Some corporate matching gift programs are extended to company retirees, spouses of company employees, etc.

Please check with your employer or former employer to find out about the company policy regarding matching gifts.