Bequests

Your bequest to Central Park Conservancy will qualify your estate for a charitable deduction equal to the entire amount of the bequest. A bequest can be in the form of a dollar amount, specified asset, and/or a percentage of property remaining in your estate. It also can be made as part of your will in the form of a testamentary charitable remainder trust, providing income for life for someone you wish to remember by directing that it be used to establish a testamentary charitable remainder trust. The one or two beneficiaries you name will receive income for life, or for a specified term of years, after which the bequest will pass to the Conservancy.

Unrestricted Bequest
An unrestricted bequest for the general purposes of the Conservancy is the simplest and most useful kind of bequest. Since the Park is living, growing, and changing, an unrestricted bequest permits the Conservancy to decide the most valuable use of your gift at that time.

The following language is suggested for use in making an unrestricted bequest:
"I give (the sum of ____ dollars), (all or ____ percent of the residuary of my estate) to Central Park Conservancy, Inc., New York, New York, for its general corporate purposes."

Restricted Bequest
To make a restricted bequest, for a specific purpose, the following language is suggested:
"I give (the sum of ___ dollars), (all or ___ percent of the residuary of my estate) to Central Park Conservancy, Inc., New York, New York, to create an endowed fund, the income and accumulated gain from which, subject to the Conservancy's then current spending policy, are to be used for the following purpose: (state the purpose)."

Inclusion of the following language allows for flexibility in the event your designation is no longer applicable to Central Park's needs:
"If at any time in the judgement of the Trustees of Central Park Conservancy the designated use of this bequest is no longer practicable or appropriate, then the Trustees shall use the bequest to further the general purposes of the Conservancy, giving consideration, where possible, to my special interest as described above."

For more information, call Office of Planned Giving at 212-310-6645, or e-mail .