A GIFT THAT COSTS YOU NOTHING IN YOUR LIFETIME
plAN YOUR LEGACY
A planned gift to the Southeast Alaska Land Trust can be an especially meaningful way to help us conserve open space, preserve wildlife habitats, maintain access to recreation lands, and more.
No matter your financial circumstances and charitable goals, there are giving options that benefit your community in Southeast Alaska, and the Earth, too.
GIVE FROM YOUR WILL OR LIVING TRUST
The most popular and easiest method of leaving a legacy gift is to include the Southeast Alaska Land Trust in your will or living trust. It takes only a simple designation and does not affect cash flow during your lifetime. You can modify your bequest at any time. This offers you great flexibility as you plan for the legacy you want to leave behind.
HOW:
1. Include a bequest to SEALT in your will or trust.
2. Make your bequest unrestricted, or direct it to a specific purpose at SEALT (e.g. a specific property or fund).
3. Choose a specific amount or percentage of your balance to donate.
We are happy to work with you in planning a bequest.
GIVE FROM YOUR RETIREMENT PLAN.
Another easy and meaningful option to make a planned gift. With an IRA, you can readily name any beneficiaries you want, including friends, family members, a trust, or a charity like the Southeast Alaska Land Trust.
For a 401(k) or another workplace plan, you must get your spouse’s written permission to leave it to anyone else. You can change a beneficiary at any time.
A charitable designation to the Southeast Alaska Land Trust through your retirement accounts may provide the greatest tax benefit for your heirs while helping secure the future of Alaska’s most special land and waterways.
OUTRIGHT GIVING
An IRA Rollover, or Qualified Charitable Distribution, is a gift made directly from your qualified IRA that can lower your taxable income.
This gift may only be made by donors age 70.5 and older, from qualified IRA accounts
Charitable giving (up to $100,000 per tax year) counts towards your Required Minimum Distribution
Pay no income tax on the amount withdrawn for your gift
Give above your deductible charitable limit of 50% of adjusted gross income
NAMING SEALT AS A BENEFICIARY
Name SEALT as a beneficiary of your IRA, 401(K) or other qualified plan, and designate SEALT to receive all or a portion of the balance of your plan through your plan administrator.
The balance in your plan reverts to SEALT after your lifetime
Your gift to SEALT is not taxed for income or the estate because SEALT is a tax-exempt organization
Your may continue to take regular lifetime withdrawals and may remove SEALT as a beneficiary if your circumstances change
othER PATHS FOR PLANNED GIFTS
⸙ Existing or Employer-Provided Policy | Name SEALT as a full, partial, or contingent beneficiary
⸙ New Policy | You can fund a future gift for SEALT and deduct premium payments
⸙ Paid-Up Policy | Gift SEALT a policy for which you no longer need coverage
⸙ A donor agrees to irrevocably transfer money or property to SEALT, and SEALT agrees to make regular fixed annuity payments to one or two specified beneficiaries for life.
⸙ If SEALT agrees to accept property, then it might sell the land subject to a conservation easement to generate the proceeds needed to make the annuity payments.
⸙ Gifts usually qualifies for a charitable income tax deduction at the time of the gift, based on the value of the assets less the expected value of the annuity payments.
⸙ A donor irrevocably transfers money, property, or both to a financial trust with the stipulation that funds in the trust will go to SEALT at the end of a specified term.
⸙ If the property has conservation value, then an easement can be conveyed before being put into the charitable remainder unitrust.
⸙ The trustee (financial trust) sells the land and invests the proceeds from the sale.
⸙ One or more beneficiaries specified receive annual payments based on a percentage for a fixed term or for life, then the trustee turns the remaining funds in the trust over to SEALT.
⸙ Gifts qualify for a charitable income tax deduction when the assets are put in the trust based on the value of the assets less the expected value of the payments.
⸙ Operates conversely to a charitable remainder unitrust by providing a stream of income for a specified period of time to SEALT.
⸙ A donor transfers money, property or both to an irrevocable trust managed by a financial professional—payments are made to SEALT for a term or for life.
⸙ At the end of the term, the assets in the trust either revert to the donor or pass to the donor’s beneficiaries.
⸙ A charitable lead trust can provide both gift and estate tax deduction, and offer savings of capital gains taxes when the trust sells appreciated assets.
⸙ Transfer appreciated stocks, bonds, or mutual fund shares you have owned for one year or more to SEALT
⸙ SEALT sells your securities and uses the proceeds to support our conservation work or a specific program designated by you
⸙ You receive an immediate income-tax deduction for the fair market value of the securities on the date or transfer, no matter what you originally paid for them, and you pay no capital gains tax on the transfer
⸙ A donor transfers money or securities to SEALT, which are pooled with similar gifts from other donors, then invested.
⸙ Each donor receives a pro rata share of the income fund’s dividends and interest earnings every year for life. The income is taxed as ordinary income to the beneficiaries.
⸙ When a beneficiary dies, SEALT removes assets from the fund equal to the beneficiary’s share of the fund and uses them for conservation purposes.
hAVE QUESTIONS?
We would love to talk to you about your planned giving options. Please contact us by phone or email at: (907) 586-3100 or info@sealt.org.
The Southeast Alaska Land Trust is a 501(c)3 nonprofit. Contributions are 100% tax-deductible to the fullest extent of the law.
The Southeast Alaska Land Trust’s tax identification number is: 92-0156402.
The Southeast Alaska Land Trust does not provide legal or tax advice. The foregoing general information is not intended and cannot be used by any person for the purpose of avoiding tax penalties that may be imposed with respect to the matters addressed. You should seek advice based on your particular circumstances from an independent tax advisor.