John D. Rockefeller 3rd Society
The John D. Rockefeller 3rd Society is an honorary society that recognizes the remarkable commitment and generosity of individuals who have remembered and named Japan Society in their Will, Trust, Savings/Investment Account, or Insurance Policy.
Japan Society invites John D. Rockefeller 3rd Society members to exclusive and special events and, with approval, lists members’ names in our publications and on a designated recognition wall inside Japan Society’s historic building.
Your support and membership secures our future and ensures that future generations will continue to enjoy, learn, engage and build the U.S.-Japan bridge through robust programming that remains a hallmark of Japan Society.
There is no minimum commitment to become a member. We ask that you inform us that you have:
- Named Japan Society as a beneficiary of your Will, Trust, Savings/Investment Accounts, Retirement Plan, or Insurance Policy
Benefits of Membership
As a member of the John D. Rockefeller 3rd Society, you will receive:
- Special recognition reserved just for John D. Rockefeller 3rd Society members
- An invitation to the annual Chairman’s Tea
- Programming and related e-newsletters
- Exclusive invitations to Gallery Openings, Special Exhibitions, and Tours organized exclusively for John D. Rockefeller 3rd Society members
- And with your approval, your name will be listed in our Annual Report
The John D. Rockefeller 3rd Society is named after former Japan Society President John D. Rockefeller 3rd, who helped transform Japan Society through his pioneering vision and remarkable philanthropic commitment. On September 16, 1969, a celebratory groundbreaking took place at what would become 333 East 47th Street, thanks to Mr. Rockefeller, who donated the land on which the Japan Society building now stands.
Information to consider when making a Planned Gift...
Never forget—the support of our members ensures that the treasures, splendors, beauty, import, and influence of Japan will be enjoyed, understood, appreciated, and valued for generations to come.
Remembering Japan Society in Your Will or Living Trust
You can set aside a bequest in your Will or Trust, thereby ensuring Japan Society provides programs that impact our youngest patrons to our life-long members. You can make a general bequest or restrict your support.
Bequest types include, but are not limited to:
Specific Bequest: A specific bequest is a particular dollar amount or a specific property or item. For example: I hereby give, devise and bequeath (dollar amount or description of said personal property) to Japan Society, Inc.
Residuary Bequest: A residuary bequest is a gift of all or part of the property remaining in your estate after debts, and other expenses, along with specific bequests, have been dispersed. For example: I bequeath (%) of the rest, residue and remainder of my property, both real and personal, to Japan Society, Inc.
Information for Your Legal Counsel or Attorney
The legal name of the Japan Society is: Japan Society, Inc. The Society’s legal address is 333 East 47th Street, New York City, NY 10017. Our Federal Tax Identification Number (TIN) is 13-1675082.
A Gift that Guarantees Lifetime Payments
"Life Income" gifts that have the potential to support our programs while providing you or a loved one with lifetime, guaranteed payments, and significant tax benefits, can be arranged through:
Charitable Gift Annuity (CGA):
A charitable gift annuity is a simple contract between you and Japan Society. In exchange for your gift of cash or appreciated securities (minimum $5,000), the Society agrees to pay you and/or a loved one a fixed sum for your lifetime(s). Annuity payments are guaranteed and rates range between 4% and 8%, depending on your age(s). Annuitants must be 65 years or older to receive payments. And part or all of each payment is tax free and upon establishment, you are entitled to a charitable income tax deduction!
And using appreciated securities to fund your Annuity will help you reduce any taxable capital gains. Once the Annuity matures, the Society will memorialize your gift and use the funds in accordance to your wishes.
Charitable Remainder Trust (CRT): A charitable remainder trust provides lifetime income to you and/or loved ones and significant tax advantages. You transfer assets (usually cash, securities or real estate) to a Trustee of your choice through a formal trust agreement. If appreciated property is donated, no capital gains tax is due on the transfer, and your income tax deduction is based on the fair market value of the donated assets. Your Trustee invests the trust assets and makes annual payments to you and/or a loved one, based on the payout rate chosen by you. At the termination of the Trust, the principal is distributed to Japan Society. You may choose a fixed rate of income (Annuity Trust) or a variable rate of income (Unitrust).
Charitable Lead Trust (CLT): A charitable lead trust allows you to transfer assets to your family at a reduced tax while benefiting the Society today. You transfer assets (usually cash or securities) to a trustee of your choice through a formal trust agreement. Your trustee invests the trust assets and makes annual income payments to Japan Society. At termination, the trust distributes all of its assets, including any appreciation, to your heirs.
Make a Gift by Beneficiary Designation
Making a gift to the Society by beneficiary designation from any or all of the following types of TOD (“Transfer on Death”) accounts is a simple and tax-efficient way to fund your gift without the hassles of probate:
Retirement Plans: Retirement plans such as pension funds, 401ks, 403bs, and IRAs left to an individual other than a spouse can be subject to hefty income and estate taxes.
If donated to Japan Society, these assets are shielded from income and estate taxes while reducing the size of your taxable estate.
Life Insurance: If you own a life insurance policy that is no longer needed, why not consider assigning it to Japan Society by naming the Society as the owner and irrevocable beneficiary of the policy? This qualifies you for an income tax deduction for the cash value of the policy; you may also name the Society as the beneficiary of the policy, thereby securing an estate tax deduction equal to the value of the policy.
Financial Accounts: Many people’s primary assets are held in savings, checking, and brokerage accounts. Designation of these assets incurs no cost to you and allows the funds to support Japan Society programs upon your passing.
Completing a Designation
Naming the Society as beneficiary of any of the abovementioned gift types is easy: Contact a representative of the institution that manages your account or policy, and request a “change of beneficiary form.” It’s that simple. And that powerful!
For more information, please contact Gregory Corsico at email@example.com or (212) 715-1242.