There are many ways to make a planned gift, and we invite you to explore some suggestions provided below. We recommend that you discuss these or other options with your estate or financial planner to help choose the plan that works best for you.
A Charitable Bequest within Your Last Will and Testament
By including The Merwin Conservancy in your Will or Living Trust, you create a gift today that we will receive when your estate is settled. Bequests are the most commonly used option to provide a legacy gift to benefit future generations. Several types of Bequests are available, among them:
- As a Percentage of Your Estate: As your estate appreciates, today’s bequest will have greater impact in the future.
- A Specific Dollar Amount or Specific Assets: You determine an exact dollar amount or asset to be provided in your bequest.
One of the legacy gifts you can make involves IRAs and retirement plans. You can name The Merwin Conservancy as a beneficiary of all, or a portion, of your retirement accounts.
You can also name The Merwin Conservancy as the beneficiary of a new or existing life insurance policy. This gives you the flexibility to change your mind at any time in the future should your needs change.
Retained Life Estate
Donate your personal home or residence, and retain the right to occupy it for the rest of your life, but receive tax benefits today. Real Estate other than your personal residence may also be donated as a legacy gift.
Charitable Gift Annuity
Make a gift today and you (and another person, if desired) will receive fixed payments for life, which you can never outlive. The payments can begin now or at a later date that you choose. The rates are attractive and you will be eligible for tax benefits, too.
Charitable Remainder Trust
In the right situation, a charitable remainder trust can provide powerful financial, tax, and estate planning benefits. You donate assets into your trust for the eventual benefit of The Merwin Conservancy. In the interim, the trust pays income to you and/or your designated income beneficiaries. You receive tax benefits, too.
Charitable Lead Trust
A charitable lead trust can provide support for The Merwin Conservancy for a period of time you determine. You donate assets into your trust. After the trust’s term is over, it transfers assets to your heirs with little or no estate or gift tax.
IRA Charitable Rollover Giving
The IRA Charitable Rollover was first enacted on August 17, 2006, as part of the Pension Protection Act of 2006, and has been reinstated.
Please keep in mind:
- Taxpayers age 70 years, 6 months and older are required to make annual distributions from their IRAs which are then included in the taxpayer’s adjusted gross income (AGI) and subject to taxes. The IRA Charitable Rollover permits those taxpayers to make donations directly to charitable organizations from their IRAs without counting them as part of their AGI and, consequently, without paying taxes on them.
- A donor’s total combined charitable IRA rollover contributions cannot exceed $100,000 in any one year.
- Charitable contributions from an IRA must go directly to a public charity that is not a supporting organization. Contributions to donor-advised funds and private foundations, except in narrow circumstances, do not qualify for tax-free IRA rollover contributions.
- Distributions can only be made from traditional individual Retirement Accounts or Roth IRA’s. Charitable donations from 403(b) plans, 401(k) plans, pension plans and other retirement plans are ineligible for the tax-free treatment.
- Distributions must be made directly from the IRA trustee payable to the public charity.
- Donors cannot receive any goods or services in return for charitable IRA rollover contributions in order to qualify for tax-free treatment.
- In order to benefit from the tax-free treatment, donors must obtain written substantiation of each IRA rollover contribution from each recipient charity.
Join The Merwin Legacy Circle Today!
Your support today plays a crucial role in sustaining the vision and life’s work of W.S. Merwin, and expanding The Merwin Conservancy’s education and community engagement programs. You can be an integral part of The Merwin Conservancy’s future by including a charitable gift within your overall estate and financial plans.
With a little planning, you can leave a legacy that will ensure the Merwin Palm Collection and its living treasure house of palm DNA is an accessible gift to future generations. Although cash contributions are always appreciated, the creative and flexible options for Legacy Giving can help you meet your estate planning goals while supporting the vision of W.S. Merwin and the future The Merwin Conservancy.
A Legacy Gift can also help you achieve the following financial objectives:
- Bypass capital gains
- Increase current income
- Reduce current income taxes
- Reduce federal estate taxes
- Conserve future assets for heirs
PLEDGE TODAY! Call 808-579-8876 or email Jason Denhart, our Executive Director, at firstname.lastname@example.org.
The Merwin Conservancy does not offer legal or tax advice but encourages supporters to consult their own legal and financial advisors to participate in structuring a gift plan that achieves the donor’s philanthropic needs and long term financial goals.