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Preserve Land For Future Generations - Leave a Legacy of Conservation
You can help protect our land, our water, and our way of life - forever. The Chelan-Douglas Land Trust has pledged to care in perpetuity for the land that you as a member are helping to conserve today. Including the Land Trust in your estate plans is a great way to provide lasting support for the protection of these special places.
Here is an introduction to the most common options for giving and the advantages they offer. We can help you explore the options for making your gift simple and advantageous, both for your family and CDLT. Please contact Gordon Congdon at cdlt@cdlandtrust.org or (509) 667-9708.
Ways of Giving:
Stocks, bonds, and mutual funds are easily donated, and can often provide you with exceptional tax savings. When you donate appreciated securities to CDLT, you will usually receive an income tax deduction, and your gift will be exempt from capital gains tax.
Gifts of Real Estate. The Land Trust is delighted to accept gifts of land, both with and without conservation value. If the property has conservation value, you will receive a tax deduction for its unrestricted value, maximizing your charitable income tax deduction, and CDLT will place a conservation easement on the land before it is sold.
Giving Land While Continuing to Live On It is known as a gift of remainder interest. After you die, full title of the property automatically transfers to CDLT. In most cases, the Land Trust will sell the land after protecting it with a permanent conservation easement. A remainder interest gift usually entitles you to an income tax deduction for the “present value” of CDLT’s remainder interest. Also, the land is not subject to later estate taxation.
Life income gifts. A life income gift, such as a charitable remainder trust or a charitable gift annuity, can provide you and/or your beneficiary with income for life, while creating significant income tax and estate tax benefits and providing a major benefit to the Land Trust.
Retirement Accounts and Life Insurance. Many people today discover that passing these assets on to their heirs can burden the beneficiaries with significant income and estate taxes. Naming CDLT as the beneficiary of a portion of your retirement accounts or life insurance policy can help you to make a significant future contribution, and maintain your current financial security.
Bequests. We ask you to consider the opportunity to make a lasting gift to conservation through a bequest in your will or living trust. Such gifts are fully deductible for estate tax purposes. You have the option to designate the use of funds from your bequest.
To make sure your goals are achieved, let us discuss your gift with you. Please contact Gordon Congdon at cdlt@cdlandtrust.org or (509) 667-9708. We also recommend that you discuss any planned gift with your attorney, accountant and/or other financial advisors.
