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A planned gift is an excellent option to help the Texas Land Conservancy carry out its mission while ensuring your own financial needs are met. Planned gifts allow you to take advantage of tax benefits associated with charitable giving. This often allows you to make a larger gift than would otherwise be possible. You can benefit through reduced capital gains, estate and income taxes, and in some cases may receive lifetime income in exchange for a gift.
When considering a Planned Gift to the Texas Land Conservancy, you should be familiar with all the ways that a gift can be made, including bequests, stock gifts, gifts of retirement benefits, and gifts of life insurance. PLEASE NOTE: TLC recommends consulting an attorney when preparing legal documents. TLC cannot render tax or legal advice, and this information is not intended as such. We recommend that you work with qualified financial and legal advisors who specialize in estate planning.
Giving to TLC in any way and any amount has an enormously positive impact on the life of our organization. However, because we have made the promise to our landowners to conserve their land in perpetuity, we must ensure that we are financially robust...forever. Your planned gift will help ensure that we can meet our obligations to our landowners, to the land, and to the future of Texas. For more information about planned giving options please contact us.
BequestsOne of the simplest ways to make an important gift to preserve and protect nature is through your will. You can name Texas Land Conservancy as the direct beneficiary of specific assets, a portion or percentage of your estate, or of your residual estate after payment of other bequests. Charitable giving through your estate can offer both flexibility and estate tax advantages. Two of the most popular forms of bequests are:
1. A fixed amount of money or a designated property (sample language)"I give $_______________________________________(or describe the real or personal property, including exact location.) to TLC, a Texas nonprofit corporation, currently located at PO Box 162481, Austin, TX 78716."
2. A percentage of the estate (sample language)"I give_______________% to TLC, a Texas nonprofit corporation, currently located at PO Box 162481, Austin, TX 78716."
Please let us know if you have planned a gift for TLC. We look forward to welcoming you to our expanding circle of planned giving supporters.
Gifts of Appreciated SecuritiesMake a gift of stocks, bonds or mutual funds to the TLC. Please follow these instructions for making a tax-deductible gift of stock, bonds or mutual fund shares to TLC. Donors will receive a formal acknowledgment and tax substantiation upon successful completion of a gift.
After you have spoken with us, write a letter specifying the above information to:
Mark SteinbachExecutive DirectorTexas Land ConservancyPO Box 162481Austin, TX 78716
Gift of Retirement Plan AssetsSince there are a variety of retirement plans with significant restrictions on how and when transfers and distributions may be made, we highly recommend that members and supporters review their situation with a retirement plan administrator, tax professional or financial advisor.
Most retirement plans are made up of assets that are not taxed so long as the assets remain within the particular retirement plan. While there are a variety of different types of retirement plans, typically distributions from a plan become taxable at the time when they are paid out to the beneficiary or beneficiaries. With the exception of one's surviving spouse, the heirs who receive distributions from a retirement plan could find themselves subject to as many as four different types of taxation; income tax, estate tax, generation skipping transfer tax and possibly excise taxes if the plan has substantial accumulation or makes substantial distributions.
The net result is that the value of the asset can be significantly reduced. However, many retirement plans permit a charity to be named as a beneficiary. Upon the death of the retirement plan participant, the interest passes tax-free to the charity. Naming TLC as a retirement plan beneficiary is an excellent way to ensure a lasting quality of life for future generations. Please check with your plan administrator to see if your retirement plan allows this provision.
Your plan administrator may require the following information:
TLC is a Texas nonprofit corporation, currently located at PO Box 162481, Austin, TX 78716. TLC was incorporated in June 1982 and is classified as tax-exempt under Internal Revenue Code 501(c) 3. Our federal EID is 75-1825883.
Life Insurance OptionsNaming TLC in a life insurance policy that is no longer needed for family support or liquidity may be an excellent vehicle for a gift. Consult your tax advisor to see if this type of planning makes sense for you and your loved ones.There are several ways to give life insurance, including naming TLC as beneficiary of a new or existing policy, assigning TLC as owner of no longer needed paid-up or partially paid policy, or taking out a new policy with TLC as owner.
For more information about these, or other ways to make planned gifts to TLC, contact our office.