Gifts for the Future
Bequests: Wills or Living Trusts
A bequest can be made by naming Douglas Land Conservancy as a charitable beneficiary. You may not need to rewrite your current documents. You may be able to simply add an amendment, called a codicil, to your will or living trust, or it can be included when establishing a new will or living trust. Your bequest is entirely under your control during your life and becomes irrevocable only at death. Douglas Land Conservancy’s EIN is 84-1076613
“I give, devise and bequeath to Douglas Land Conservancy of, Castle Rock, Colorado, EIN is 84-1076613, (the sum of $____) or (assets having a value equal __% of my gross estate) as an unrestricted gift to be used at the discretion of its Board of Directors who may determine how best to apply such gift towards the mission of the Douglas Land Conservancy.”
A contingent bequest provides for the disposition of the estate if one or more of the named beneficiaries fails to survive the donor. The following is language for you and your attorney to consider:
A gift of real estate can also be bequeathed to DLC to possibly reduce or eliminate the estate tax on your estate.
“If any of the above-named beneficiaries should predecease me, I hereby bequeath his or her share to Douglas Land Conservancy of, Castle Rock, Colorado, EIN is 84-1076613, as an unrestricted gift to be used at the discretion of its Board of Directors who may determine how best to apply such gift towards the mission of the Douglas Land Conservancy.”
Title or “retitle” a brokerage account: Transfer on Death (TOD) to Douglas Land Conservancy, tax ID/EIN is 84-1076613
Title or “retitle” a bank CD, checking or savings account”: Payable on Death (POD) to Douglas Land Conservancy, tax ID/EIN is 84-1076613
Traditional IRAs and qualifying 401(k) or 403(b) Plans
Your plan allows you to simply fill in the blanks (online or on paperwork they supply) to name Douglas Land Conservancy as a primary or contingent beneficiary for all or a portion/percentage of your 401(k) or 403(b) plan: Douglas Land Conservancy, tax ID/EIN is 84-1076613
Life Insurance Policies or Commercial Annuities
Simply fill in the blanks on the beneficiary designation form provided by the insurance company: Douglas Land Conservancy, tax ID/EIN is 84-1076613 as a beneficiary for all or a portion/percentage of the amount. When you irrevocably sign over ownership of your policy to DLC, you may receive an immediate charitable deduction (usually very close to the policy’s cash value). This may be an easy way to make a sizable gift you may not have thought possible.
Charitable Remainder Trust
Providing for loved ones and fulfilling your philanthropic goals does not have to be an “either/or” proposition. Charitable remainder trusts provide for and maintain two sets of beneficiaries. The first is the income beneficiaries who receive income from the trust for life, or a term of years. This can be anyone – you, your spouse, a child, a sibling, etc…. The second could be Douglas Land Conservancy.
Depending upon your age and other factors, you may be able to make a substantial tax-free transfer from a traditional IRA directly to a qualified charity. While you may not be able to claim a charitable deduction for such a transfer, the distribution from your IRA may count towards your required minimum distribution and provide additional benefits from an estate planning perspective. Consult your financial advisor for more details.
Gifts of Assets
Douglas Land Conservancy may accept gifts of real estate. This is a gift that can be given during life or bequeathed to DLC and may potentially reduce the taxable value of your estate.
A gift of cash is the quickest and simplest way to support conservation. Use your simplest asset to make your donation—no appraisal or acceptance requirements as with gifts of appreciated property. Deliver a gift that DLC can use immediately. Depending on your tax situation, you may receive a charitable deduction.
An in-kind donation is a non-cash gift made to a nonprofit organization, including goods, services, time, and expertise. Individuals, corporations, and businesses can all make in-kind donations.
Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Personal property can be intangible, as in the case of stocks and bonds
Gifts of long-term appreciated securities are an easy way to make a lasting contribution to Douglas Land Conservancy, while also taking advantage of charitable giving tax benefits, such as:
Capital Gain Tax Savings
By donating securities to Douglas Land Conservancy that you have held for one year or longer, you may be able to avoid capital gain taxes that you would have incurred had you sold the securities yourself.
Income Tax Savings
You may be able to take an income tax deduction for the full amount of the gift.
Please instruct your broker to notify the DLC office at (303) 688-8025 prior to making a transfer. In addition to assuring that your gift will be handled expeditiously and properly acknowledged for tax purposes, this advance notice alerts our money managers to expect an incoming transfer. Our tax ID/EIN is 84-1076613
Tools and Resources
Your relationship with your clients is built on trust and respect. DLC’s gift planning program is also based on a tradition of trust. We pay close attention to our supporters’ conservation interests and philanthropic goals, as well as their unique financial circumstances. We urge our donors to consult professional advisors before making any planned gift and strongly encourage them to consider how their gifts fit into their overall financial plan.
We welcome the opportunity to work with you and your clients to create a well-crafted estate or philanthropic plan—one that provides your clients with financial resources and tax advantages, achieves their philanthropic goals and helps to protect the natural world.
What is an estate plan?
Every adult, no matter your age or your net worth, needs an estate plan. An estate plan ensures your wishes are honored in regards to who will pay your final expenses and who will receive your assets, such as your financial accounts, stocks, life insurance policies, personal property and real estate. It is comprised of one or more documents such as a will, trust and/or beneficiary designation form.
Estate plans ensure that your wishes are honored. Creating an estate plan will ensure that your assets go to the people and places you choose. If you do not have an estate plan, you risk state law determining who will receive your assets.
When you start to plan your estate, you need to consider your assets, beneficiaries and goals. You should then consult an attorney who can advise you on ways to save money and taxes and ensure that your will or trust legally provides for your beneficiaries in the manner you direct.
If you’ve recently had an important life event—marriage, birth of a child or grandchild, divorce, death of a beneficiary, an inheritance, purchase of a new asset—you’ll want to be sure to update your estate plan accordingly.
Douglas Land Conservancy is accredited by the national Land Trust Alliance and certified by the state of Colorado. It is a registered 501 c3 nonprofit.
PO Box 462, Castle Rock, CO 80104
TAX ID: 84-1076613
The very brief information provided here is intended to be general and educational in nature. It isn’t a substitute for legal or tax advice. Please consult an independent legal, tax and/or financial planning advisor for specific advice, and the suitability of any of these approaches, for your individual situation.