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IN THIS ISSUE

 

May 2001

Page 4
Bequests/Gifts to HFA

Many charitable organizations are now emphasizing "planned giving", which focuses on bequests by will and sizeable gifts during one's lifetime offering tax advantages. We urge you to consider HFA as a beneficiary if you are planning charitable gifts and/or bequests, especially if you are making or revising your will. Gifts and bequests both cut estate taxes by reducing your taxable assets, and gifts provide an immediate income tax deduction as well. Your gifts and bequests can help HFA maintain and expand its various programs, such as maintenance and promotion of historic family sites, genealogical research and records maintenance, family-related historical research, scholarships, and fostering Huguenot heritage and ideals.

Gifts and bequests sometimes have restrictions based on the particular priorities of the donor. These are usually acceptable to HFA, but we would urge donors to consult with us beforehand. For instance, at present we would prefer not to have additional funds restricted to the Abraham Hasbrouck House since Helene Anderson's generous bequest has provided well for that one purpose. Our greatest need is for other preservation purposes and unrestricted gifts, which can
be used where most needed. We would be happy to discuss any ideas you might have for potential gifts/bequests and help to structure them to the optimal satisfaction of you and HFA. Please contact any HFA officer or our office if you are interested, either now or in the future.

Other Hasbrouck Sites in New Paltz

The Hasbrouck houses on Huguenot Street are not the only Hasbrouck sites in New Paltz. At the northwest edge of the SUNY campus is four-acre Jean Hasbrouck Memorial Park. It has a baseball field on one side and a children's playground on the other.

The land there was owned by Jean Hasbrouck, the Patentee, and was passed through the generations to Jacob, Jacob Jr., Josiah (the builder of Locust Lawn), Levi, and finally to sixth-generation Josiah, who, having no male heir, willed it to his sister, Laura Hasbrouck Varick. In 1923 she gave it to the Village of New Paltz as a park in memory of her father, Levi (1791-1861).

The Village made an agreement with the State to maintain it for joint use by the two entities. The park is bordered on the south by Mohonk Avenue and on the north by Hasbrouck Avenue, which is also named for Jean, the Patentee.

The other New Paltz site is one-block-long Hasbrouck Place, which is just south of the tennis courts at the Middle School and accessed from Orchard Lane. It is named for Stanley Hasbrouck, Sr., a builder who once owned this area and built the houses which are there now. He also built the original firehouse in New Paltz. His son, Stanley, Jr., specialized in historic restorations and did extensive work for current owner Richard Relyea Hasbrouck on the Major Jacob Hasbrouck House, which was featured in the February newsletter.


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