Make an Impact on the Future:
What will the Royal River look like in fifty years? Will there be fish? Will there be forests along the banks? Beaver slides or deer prints in the spring mud? Investing in the future of the Royal River Conservation Trust through planned giving is a wonderful way to leave a legacy and assure that lands, farms, open space and trails will continue to exist in this region forever. You have the power to make a lasting impact. Consider including the Royal River Conservation Trust in your estate plans, and leaving a gift that will continue give far into the future.
Whether you are just starting the process of planning your estate or are updating it, Royal River Conservation Trust can help you acheive long term charitable giving goals. Planned gifts come in many shapes and sizes. Each can make a lasting impact. Below are some ways to plan your giving. Consult your estate attorney or financial advisor to decide which option is best for you.
A bequest is one common way to make a planned gift. Through your will, you can donate a specific dollar amount or a percentage of your estate, or make a donation of land or personal property to Royal River Conservation Trust. Almost any kind of asset may be bequeathed, including cash, securities, real estate or a portion or remainder of an IRA, tax sheltered annuity, qualified pension or profit sharing plan.
A charitable bequest reduces the value of an estate and therefore reduces both federal and state estate taxes. An attorney can best advise about applicable federal and state laws.
RRCT as a Beneficiary
You can make Royal River Conservation Trust a beneficiary of an insurance policy and/or retirement fund. Often times, the benefits of donating life insurance are overlooked. If you are carrying more coverage than needed for personal and family obligations, there are life insurance gift options.
- Make RRCT the owner and beneficiary of a paid-up whole life insurance policy. Because it is paid in full, the value for RRCT’s gift crediting and accounting purposes is the policy’s replacement value. A donor in this case will received an income tax charitable deduction in an amount approximating the policy’s replacement value.
2. Designate RRCT as the beneficiary of a retirement account (401K or IRA) . This is a great way for a donor to support RRCT while reducing estate and income tax liabilities. Ask a retirement plan administrator for a beneficiary designation form. Use this form to identify RRCT and other charities for designation, and identify the amount or percentage allocated to each. If personal circumstances change, the amount or percentage left to RRCT can also be changed by completing a new form. Personal withdrawals from the retirement account(s) continue to be permissible during the donor’s lifetime. To complete this option, you simply need to know RRCT’s legal name: Royal River Conservation Trust, and our Tax Identification number: 01-0472430
Consult your attorney, tax advisor or financial planner to see if leaving RRCT as a beneficiary is best for you.
Life Income Gift
With a life income gift, you donate cash, appreciated securities, or other assets, such as real estate, to Royal River Conservation Trust. In exchange, RRCT will pay you or another beneficiary income for life or a fixed term of years. Income may be fixed or variable.
Below are two life income gift options:
Charitable gift annuities are ideal for older donors who seek increase income and secure fixed payments.
Charitable Remainder Trust- Donate real estate, securities, or other assets and receive variable or fixed payments for life or a specified number of years- a highly flexible income gift option.
Consultation with an attorney or your financial advisor is the best way to understand if a “life income gift” is best for you and your estate planning. An attorney will know the federal and state tax laws that affect your giving and can help you reach your charitable giving goals while giving you the tax benefits that you deserve.
Royal River Conservation Trust can use the gift of real estate to further its mission of protecting the natural, recreational, scenic, agricultural and historic resources of the Royal River region for current and future generations. If you would like to donate land through your will, we encourage you to consider giving it to us with the flexibility to accept the property without restrictions.
Land that qualifies for permanent protection
When you donate land that is suitable for conservation, RRCT will place permanent, appropriate conservation easements on the property. This will give you peace of mind that your land will be preserved in perpetuity for future generations.
Real Estate that is not suited for conservation
If you donate real estate that is not suited for conservation, RRCT can sell the property and the proceeds will support conservation in the Royal River region.
Whether you give now or in your will, please contact us to dicuss the donation of land that is suitable for permanent protection as well as real estate that is not suited for conservation purposes.