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Planned
Giving:
Making a Planned Gift to Capitol Land Trust is one of the best ways to create a personal conservation legacy. Planned gifts provide Capitol Land Trust with the resources and staff to plan for the future and continue protecting our region's natural areas and working lands as described in our strategic conservation goals.
The following information is meant as a general guide about ways of giving and potential financial benefits and is not meant to provide tax or legal advice. Before making a gift/bequest, you should consult with your attorney and financial advisor.
Gifts to Capitol Land Trust may be restricted to specific Land Trust funds or they may be unrestricted and used by Capitol Land Trust for its general operating fund and priority needs. Examples of Capitol Land Trust funds and their uses are listed below:
General Operating Fund
This fund is used to meet yearly Capitol Land Trust operating costs and conservation goals.
Stewardship Legal Defense Fund
This fund is used to maintain and legally defend Capitol Land Trust conservation easements and their conservation values.
Rapid-Response Fund
This fund is used to help Capitol Land purchase property and conservation easements that meet Capitol Land Trust strategic plan’s conservation goals.
Endowment Fund
This fund is used to fund Capitol Land Trust programs by providing annual income from the principal invested. (Principal is invested and interest is used to meet annual operating expenses and goals.)
Cash
Cash donations can be made to Capitol Land Trust for annual membership, events, and special fund drives. Cash donations also can be made through your personal estate plan directive to any of the Capitol Land Trust funds listed above. Monthly or other periodic giving plan options are also available (for more information see “Donate Now” in the main menu)
Bequests, Estate Plans, Wills
Bequests
A bequest is an outright gift of cash, securities, bonds, real estate, or other assets specified in a will, either as a designated dollar amount or as a percentage of an estate. Capitol Land Trust could also be named as a remainder beneficiary to receive funds only after specific sums have been paid to individuals.
Bank, Brokerage and Other Accounts
You can pass an asset directly to Capitol Land Trust after your lifetime by naming the Trust as the beneficiary of an account (such as a bank or brokerage account or a certificate of deposit).
Securities
Gifts of long-term appreciated stock, mutual funds or bonds offer a quick, easy and tax-efficient way to make a significant contribution to Capitol Land Trust.
Personal Property
Donating gifts of tangible property is another way to support Capitol Land Trust while potentially reducing your taxable estate.
Real Estate
A gift of real estate offers financial rewards for you and Capitol Land Trust. You may reserve certain use rights if you wish.
Retirement Plan
Naming Capitol Land Trust as one of the beneficiaries or sole beneficiary of your retirement plan is another easy way to support the Trust. Such income would be taxable to your heirs but tax free for Capitol Land Trust.
Life Insurance
If appropriate, you can designate Capitol Land Trust as beneficiary or sole owner of a life insurance policy. After your lifetime, the benefits from your policy pass to the Trust free of federal estate tax.
Wills
To learn more about wills and estate plans, please click here to visit the Washington Bar Association's website.
Other Types of Deferred Gifts
Charitable Remainder Trust
A charitable remainder trust can be funded with cash or property. The donor then receives income from the assets for their lifetime while qualifying for a charitable deduction, and reducing potential capitol gains and estate taxes. Upon the donor’s death and / or that of a loved one, the trust assets are distributed outright to Capitol Land Trust.
Charitable Lead Trust
Assets are transferred to a trust that makes payments to Capitol Land Trust for a specified number of years, after which time the assets are transferred to the donor’s heirs, with little or no estate and gift taxes. This may make good sense for anyone in the top estate and gift-tax bracket.
Charitable Remainder Annuity Trust (or Charitable Gift Annuity)
This gift option can provide the donor or another beneficiary with dependable income for life and it may provide the donor significant tax savings. Donors interested in this gift option should discuss it thoroughly and work with a third-party organization that is qualified to develop such instruments and is registered and in good standing with the Washington State Office of the Insurance Commissioner.
If you would like to obtain more information about planned giving you can contact us at (360) 943-3012, info@capitollandtrust.org. If you have included Capitol Land Trust in your estate plans, please let us know so we can thank you in your lifetime. Unless you specify otherwise, we will not publish your name or provide this information to anyone. |
