The first one hundred acres, that would one day become the 1,300 acres of City Park, were left to the City of New Orleans in a will. The impact of your charitable bequest can start now and help grow City Park for years to come.
THE MCDONOGH SOCIETY
New Orleans City Park was founded 160 years ago in 1854, with a legacy gift from philanthropist John McDonogh. The McDonogh Society acknowledges those who have made a legacy gift to the park. This ensures that:
• Your gift will be celebrated during your lifetime.
• You can help us understand how you would like City Park to use your gift.
• Your generosity will inspire others to make a similar gift.
BENEFITS OF CHARITABLE BEQUESTS
• You are able to make a “gift of a lifetime” to City Park.
• You retain access to your assets during your life while providing for City Park’s future.
• Your estate will be eligible for a tax deduction. Resources that may be taxed can go to charity instead.
• You can give straight to the Park or to an existing endowment.
WAYS TO GIVE THROUGH WILLS AND LIVING TRUSTS
• Specify a dollar amount of your gift to City Park.
• Make a gift of a percentage of your estate which allows your gift to remain in proportion to the size of your estate.
• Provide that City Park receives any amounts remaining in your estate after all other distributions have been made.
• Choose a specific property, such as jewelry, antiques, securities or real estate as your gift.
• Make a contingent gift that only occurs in the event of the prior death of a loved one or other beneficiary.
WHERE TO DESIGNATE YOUR GIFT
Due to the way in which City Park is structured you have several options to make your designation to the Park.
A gift directly to the Park:
• You can make a gift to Friends of City Park, the 501(c)3 non-profit fundraising arm of the park. Friends’ tax identification number is 72-0875507. Friends of City Park supports capital needs throughout the Park and allows us to use the funds in a timely and efficient manner. You may choose to make an unrestricted gift allowing the Park to choose the area of greatest need at the time of the gift or you may choose one of the numerous restricted accounts, for example the Botanical Garden.
• You can make a gift to the City Park Improvement Association, tax identification number 72-6000964.
• You can make a gift to the New Orleans Botanical Garden Foundation, tax identification number 72-1337213
A gift to the Park’s Endowment:
The Park has eight separate endowment accounts held by the Greater New Orleans Foundation: The City Park Endowment Fund, AZBY Pavilion & Conservatory Fund, City Park Playground Fund, Carousel Fund, Botanical Garden Fund, Pump House and Arbor Fund, City Park/Pepsi Tennis Center Fund, and the Matt Savoie Soccer Complex Fund.
There are two ways to direct funds to one of the Park’s endowments:
• You can make a gift to Friends of City Park (Tax identification number 72-0875507), with instructions naming the fund(s) where you want your gift invested. Friends of City Park, in turn, will send a check to the Greater New Orleans Foundation.
• You can make a gift directly to the Greater New Orleans Foundation (Tax identification number 72-0408921) naming the Park endowment(s) you wish the funds to be deposited into. The address is: Greater New Orleans Foundation 1055 St. Charles Avenue, Suite 100 New Orleans, LA 70130.
SAMPLE BEQUEST LANGUAGE
“I give and bequeath to Friends of City Park (or City Park Improvement Association or New Orleans Botanical Garden Foundation), New Orleans, Louisiana [the sum of $____] [____ percent of my residuary estate] [the following property] to be used to support the ___________ (state purpose if there are additional purposes). If, in the opinion of the CEO and the Board of Commissioners, all or part of this bequest cannot be usefully applied to this purpose due to changed circumstances, they may use the bequest for any purpose that in their opinion will most nearly accomplish my wishes and purposes.”
Note: The language given here is only suggested language and is meant to be used with the advice of your attorney.
Please contact Lindsey Loyd, your Major Gifts/Planned Giving Officer, for additional help when planning your gift. 504-483-9407 or email@example.com
To join the McDonogh Society please fill out the form found at the link below: