Friends of the Apostle Islands National Lakeshore
Planned Giving
|
|
Friends of the Apostle Islands National Lakeshore Planned Giving |
|
 |
 |
 |
 |
 |
||
 |
 |
 |
 |
 |
|
Friends of the Apostle Islands Planned Giving Program
The term “planned
giving” refers to charitable gifts that require some planning Planned gifts are popular because they can provide valuable tax benefits and/or income for life. Potential Benefits of Planned Gifts: • Make significant donations to a charity that is important to the donor • Increase current income for the donor or others • Reduce the donor’s income tax • Pass assets to family at a reduced tax cost Many gift options are available, and the purpose of the Friends of the Apostle Island’s Planned Giving Program is to assist donors in carrying out their wishes by providing appropriate information. Gifts of Cash - An outright gift of cash to the Friend’s provides an immediate tax deduction for the donor and allows the Friend’s to immediately invest the gift to support current and future projects. Gifts of Appreciated Securities- A gift of appreciated securities provides great tax benefits without affecting current cash flow, and also provides the donor with a dual tax incentive. When securities that have been owned for more than a year and have appreciated in value since purchase are donated, the giver is usually entitled to an income tax deduction for the full current value of the asset, not just the cost basis. The donor also bypasses any capital gains tax that would have been due had the property been sold. Bequest through a will - Many gifts by will are made by persons who first provide for their loved ones and then choose to leave the remainder of their assets to charitable interests that have been an important part of their lives, such as the Apostle Islands National Lakeshore. Even a small portion of a typical estate can be a very meaningful gift when received. The donor’s estate will receive a charitable estate tax deduction upon the donor’s death. Many donors simply designate a percentage of their estate to go to the charitable organization of their choice. Others name a specific dollar amount. Still others choose to leave whatever remains (residuary bequest) in the estate after other heirs are provided for. Characteristic language used for a bequest through a will is as follows: SPECIFIC BEQUEST: “I give, devise and bequeath to the Friends of the Apostle Islands National Lakeshore, Inc. Federal Tax ID 20-0079065 a 501( c) (3) nonprofit organization headquartered in Bayfield, WI 54814, $_________(or a specific asset) to be used for its general use and purposes.” For more information about how Friends of the Apostle Islands National Lakeshore may fit into your existing gifting, financial or estate plans, or to arrange for a gift by check, wire transfer, electronic transfer of stock or other marketable securities, physical stock certificates, or mutual funds please contact our representative. We will work with your advisors to accomplish your gift of privately held securities, real estate, and life insurance and retirement assets. All contributions are tax deductible to extent allowed by law. The Friends of the Apostle Island’s planned giving representative does not offer legal or tax advice or interfere with a donor’s own financial or professional advisors. Please see the Friends of the Apostle Islands National Lakeshore Donor Bill of Rights.
|