What are some other planned giving options?

Please note: Information provided here is meant as general information only. Conservation Lands Foundation (CLF) strongly advises you to seek legal and financial counsel when planning a legacy gift, particularly regarding the following options.

• Gifts that provide income to you and/or your beneficiary: Charitable gift annuities are contracts between a donor and a nonprofit in which the donor gives a significant amount of money or assets in exchange for the nonprofit’s promise to pay the donor a fixed amount for life, or some other period of time. Once the pay period ends, the nonprofit keeps any remaining funds.

  • You and/or your beneficiary receive fixed annual payments for life at an attractive rate based on the age of the beneficiaries. Current rates can be found on the website of the American Council on Gift Annuities: https://www.acga-web.org/current-gift-annuity-rates

  • You can begin receiving payments immediately (if you are 50 or older) or defer payments for a year or more (most people choose to start receiving income around retirement age).

  • You are eligible for an immediate tax deduction. If you donate appreciated assets, you may save on capital gains taxes as well.

  • The remainder passes to CLF after your lifetime.

• Trusts operate on the basic principle that recipients get a certain amount of money from the trust until the donor dies or a specified term ends. There are two main categories of trusts: Charitable Remainder Trusts and Charitable Lead Trusts.

  • a) Charitable Remainder Trusts pay a specified annual amount to the recipient for life, or a specified term. At the end of the term, the remaining funds go to the nonprofit.

  • b) Charitable Lead Trusts are similar, but the annual payments go to the nonprofit (rather than the donor), and the principal goes to the donor or their beneficiaries at the end of the term.

• Making a gift of real estate to CLF: Such a generous gift helps us continue our work for years to come, and a gift of real estate also helps you. When you give us property you have held longer than one year, you qualify for a federal income tax charitable deduction and eliminates capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes or insurance. Please consult with your tax advisor and contact CLF for more information.