Individuals have used many different methods to designate the Blue Ridge Conservancy in their estate planning. What they share is a commitment to support continued conservation of ecologically and culturally significant mountain lands.
Deferred Gifts. Often referred to as “a painless way of giving,” deferred gifts provide many donors an opportunity to make an even greater contribution to Blue Ridge Conservancy. Types of deferred gifts include the following:
Bequests. You may name Blue Ridge Conservancy in your will in any one of a number of simple ways. An outright gift of cash, either a designated dollar amount or percentage of your estate, could be specified. Gifts of securities, bonds, real estate, or other property may be specified. Blue Ridge Conservancy also could be named as a remainder beneficiary to receive funds only after specific sums have been paid to individuals. You can easily add Blue Ridge Conservancy to your will through an amendment called a codicil.
Life Insurance. A tax-deductible gift of whole or universal life insurance can be made by naming Blue Ridge Conservancy as owner and beneficiary. You could purchase a new policy or donate a policy that you currently own but no longer need.
IRA, 401(k) or Pension Plan. You can avoid both income and estate tax on the remainder left in your retirement plan if you make Blue Ridge Conservancy the beneficiary.
Charitable Gift Annuities. You can guarantee a fixed income for your life (and your spouse’s life) simply by transferring cash or appreciated securities in exchange for a charitable gift annuity. A gift annuity offers two benefits: an immediate and substantial income tax deduction and income for life.
Charitable Remainder Trusts. You can fund a charitable remainder trust with cash or property and receive income from the assets for your lifetime, while qualifying for a charitable deduction, and reduce potential capital gains and estate taxes. Upon your death and/or that of a loved one, the trust assets will be distributed outright to Blue Ridge Conservancy.
Charitable Lead Trust. You can transfer assets to a trust that makes payments to the Blue Ridge Conservancy for a specified number of years, after which time the assets are transferred to your heirs, with little or no estate and gift taxes. This arrangement can make good sense for anyone in the top estate and gift tax brackets.
All donations of $5,000 or more are honored by your inclusion in Blue Ridge Conservancy’s Founders Society.
Every family’s financial situation is unique and it is important that you work with your attorney or financial advisor to find the most suitable gift arrangement for you and your family. Blue Ridge Conservancy does not give tax or legal advice.