Photo by Teresa GypinMaking a Planned Gift to Capitol Land Trust is one of the best ways to create a personal conservation legacy. Planned gifts provide Capitol Land Trust with the resources and staff to plan for the future and continue protecting our region’s natural areas and working lands.
Bequests, Estate Plans & Wills
A charitable bequest is an outright gift of cash, securities, bonds, real estate, or other assets specified in a will, either as a designated dollar amount or as a percentage of an estate. Capitol Land Trust could also be named as a remainder beneficiary to receive funds only after specific sums have been paid to individuals.
Sample Language
I give, devise and bequeath ______________ (insert dollar amount or item of property to be donated) to Capitol Land Trust, a non-profit organization (Tax ID #91-1413484) as described in section 170 (c) of the Internal Revenue Code, with a principal business address of 4405 7th Avenue SE Suite 306, Lacey, WA, 98503, for its general purposes.
Bank, Brokerage and Other Accounts
You can pass an asset directly to Capitol Land Trust after your lifetime by naming Capitol Land Trust as the beneficiary of an account (such as a bank or brokerage account or a certificate of deposit).
Gifts of Stock, Bonds or Mutual Funds
You can make a gift of appreciated securities—publicly traded stocks, bonds and mutual fund shares—to Capitol Land Trust while avoiding capital gains tax. You will also receive the benefit of an immediate income tax deduction for the fair market value (average high and low prices on the day of the transfer).
Please note that the securities you use to make your gift must have been held by you for more than one year to be fully deductible, and always be sure to first consult with your financial advisor.
For instructions on how to donate securities to Capitol Land Trust, click here.
Personal Property or Real Estate
Donating a gift of tangible personal property (such as a vehicle) or real estate is another way to support Capitol Land Trust that may reduce capital gains tax, income tax, or estate tax. You may be able to continue to use your property for the remainder of your lifetime.
Retirement Plan or Life Insurance Policy
Naming Capitol Land Trust as a beneficiary or contingent beneficiary of all or a portion of your retirement plan or life insurance policy is an easy way to support the Trust that does not require a change to your will. Your fund manager or human resources department can provide you with the appropriate forms. After your lifetime, the benefits from your policy pass to the Trust free of federal estate tax.
Charitable Remainder Trust or Charitable Gift Annuity
These gifts are funded with cash or property and provide income from the assets for the lifetime of the donor while qualifying for a charitable deduction, reducing potential capital gains and estate taxes. Upon the donor’s death and / or that of a loved one, the assets are distributed outright to Capitol Land Trust.
Additional Guidance
If you would like to obtain more information about planned giving options please consult your attorney and your tax or financial advisors, or feel free to contact us at (360) 943-3012, info@capitollandtrust.org. You can also ask your attorney or financial advisor to contact us. Inquiries are confidential.
If you have chosen to include Capitol Land Trust in your estate plans, please let us know so we recognize your generosity and thank you in your lifetime. Unless you specify otherwise, we will not publish your name or provide this information to anyone.
Excellence – Trust – Permanence
Capitol Land Trust is accredited by the Land Trust Association Accreditation Commission. This accreditation affirms Capitol Land Trust meets the national quality standards outlined in the Land Trust Standards and Practices of:
- Sound Finances
- Strong Transactions
- Excellent Land and Easement Stewardship
- Effective Governance