Because so much of our land conservation work is about ensuring that the places we save today will be protected forever, legacy gifts (also known as “planned gifts”) are indispensable to both land trusts and the Land Trust Alliance. There is no better way to continue to make a difference for land conservation many years from now.
Your will or living trust is an important way to provide for family and friends, plan the management and disposition of your estate, and ensure a lasting legacy for the causes that have special meaning for you.
Gifts made through wills and living trusts are easy to arrange and can be changed at any time you choose, giving you maximum flexibility in your planning. You will also enjoy peace of mind knowing that your property will be put to good use when you no longer need it, but your cash flow will not be affected today.
You may choose to specify that the Alliance receives a specific dollar amount or asset, a percentage of your estate, a contingent bequest in case you outlive other heirs, or a portion of the residue (remainder) of your estate after provisions for friends and family are paid. A residual gift is only made if there is anything that remains in your estate.
Creating or updating your estate plans calls for careful planning with the help of an estate-planning attorney. Bequest language can vary from state to state, and country to country. Thus, it is always best to use an attorney that understands local estate laws. With that in mind, we suggest that you give the following suggested bequest wording to your attorney:
“I give $_____ [a specific amount, or alternatively, “_____percent of the residuary of my estate’] to the Land Trust Alliance (tax ID # is 04-2751357), a nonprofit corporation incorporated in the Commonwealth of Massachusetts and having its principal offices at 1660 L St. NW, Suite 1100, Washington, DC, 20036-5635, for its general purposes.”
The Land Trust Alliance’s tax ID # is 04-2751357. Be sure to consult with your attorney on the language and tax effect of any charitable bequest.
If you are interested in more information about bequests or other ways to make a planned gift, please don’t hesitate to request one of our free booklets listed below, or contact Sarah McGraw, Donor Operations Specialist by email or phone at (202) 800-2213.
- How to Make a Will That Works
- Giving Through Retirement Plans
- Giving Through Living Trusts
- Giving Through Life Insurance