Have you made a plan that reflects your values and leaves the legacy you desire for the people and things you care about most?
One of the most important things you can do for yourself and those you care about is to plan your legacy thoughtfully. That is what estate planning is all about. It is a statement that affirms not only how your estate will be distributed, but also what kind of legacy you will leave behind and the impact it will have for generations to come.
If you believe in the mission of Leach Botanical Garden, please consider including the Garden in your estate planning. Bequests and other planned gifts, large and small, are important to ensure that Leach Botanical Garden will continue to serve and delight generations to come.
There are many ways to support the future of Leach Botanical Garden through planned gifts. Some of them are described here. Click on the type of gift for more information.
Include language in your will that names Leach Botanical Garden as a beneficiary of your estate for a specific dollar amount, a percentage of your estate, or another type of provision, and receive potential tax savings for your estate. Gifts for Leach Garden Friends' general charitable purposes are the most helpful in that they give Leach Garden leaders the flexibility to apply the funds where needed most. It also is possible to designate your gift for a particular purpose or program. Such designations should be discussed with Leach Garden Friends in advance.
Charitable Gift Annuity
To establish a charitable gift annuity, a donor makes a gift of cash or appreciated securities to Leach Garden Friends. In exchange, the donor is eligible to receive a charitable income tax deduction and receives annual (or quarterly, or semiannual) payments for life. Payment amounts may be made to the donor or to another person and are based on the age of the person receiving the payments. Leach Garden's Charitable Gift Annuities are administered by the Oregon Community Foundation.
Charitable Remainder Trust
A charitable remainder trust is established when cash or securities or another asset are transferred to a trust. The donor or another person receives payments from the trust for life or for a term of years (not to exceed 20). At the end of the lifetime or term of years, the trust terminates and the assets pass to the named charity.
Charitable Lead Trust
A charitable lead trust is established when cash or securities or another asset are transferred to a trust. The donor arranges for one or more charities to receive payments from the trust. At the end of the trust term, the assets pass to the donor or family members.
Outright gifts of appreciated securities (stocks, bonds, mutual fund shares) are tax deductible at full fair-market value if you have owned them for at least 12 months. To avoid capital gains taxes, you must provide the securities themselves, not the proceeds from their sale.
You can name Leach Garden Friends as beneficiary of all or a percentage of a fully paid life insurance policy, and you may receive a charitable estate tax deduction for the portion you designate for charity.
Retirement Plan Assets
You can name Leach Garden Friends as a percentage beneficiary of your retirement plan assets, and your estate will receive the appropriate charitable estate tax deduction.
Gifts of savings bonds have tax consequences when transferred to individuals but may be bequeathed to charities with fewer tax penalties.
Please note: This information is not intended to provide specific advice about your estate plan or to recommend a specific course of action. It is important to consult your professional advisers before taking any action.
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