Planned Giving

With a planned gift to the Sound Beach Volunteer Fire Department, you can combine your desire to give to charity with your overall financial, tax, and estate planning goals.

Just as donations are sometimes tax-deductible, bequests can sometimes reduce the taxes that may be levied against your estate.

Types of Bequests

Bequests made to the Sound Beach Volunteer Fire Department can be made in a number of different ways. You may arrange for SBVFD to receive:

  • A specific dollar amount
  • Specified assets, such as securities, real estate or tangible personal property, such as art or jewelry
  • Retirement account assets, consisting of any benefits remaining in your retirement plan
  • A residuary bequest, in which SBVFD receives all or a percentage of the remainder of your estate after all other obligations are met
  • A contingent bequest, in which SBVFD becomes the beneficiary only if the named beneficiary is unable to accept the bequest.
  • A bequest can also be structured to fit a variety of your family’s needs, including providing income for your heirs.

Consult with an attorney who is knowledgeable about estate planning and who is familiar with the laws of the state where you reside. The following sample paragraph may be helpful to your attorney:

I bequeath to the Sound Beach Volunteer Fire Department, a not-for-profit organization chartered under the laws of Connecticut, located at 207 Sound Beach Avenue, Old Greenwich, CT 06870, the sum of $____________ (or ____% of my residuary estate) to be used for unrestricted general purposes.

Please Note: This is general information and is not presented as specific legal or tax advice. Donors should, therefore, consult with their personal advisors.

For assistance in making a planned gift to the Sound Beach Volunteer Fire Department, please contact us.