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Life Income and Bequest Gifts
In addition to outright gifts of cash, appreciated stock, real estate, and other assets, there are several charitable planning vehicles available, which will enable you to make a long-term gift to the Monadnock Conservancy. The following brief descriptions are for informational purposes only.
You should engage other family members and seek the advice of your own attorney, financial planner, or tax specialist before deciding on a course of action. Your circumstances will dictate the best way for you to make a lasting impact with your donation and take advantage of favorable tax deductions. Within each broad category, there are several options for you to consider.
Retirement Plans or Life Insurance: Consider naming the Monadnock Conservancy as the beneficiary of retirement plans (including IRAs) or life insurance policies. You might also want to consider transferring mandatory retirement withdrawals directly to the Conservancy. By doing so, you may be able to avoid paying taxes on the withdrawal. (This benefit is part of the 2006 Pension Bill and may expire December 31, 2007.)
Annuities: Charitable gift annuities are a simple contract whereby you donate assets (cash or publicly-traded securities) in exchange for the promise of a specified amount of income paid annually to you and/or another person you designate. Significant tax advantages are possible with regard to capital gains, charitable donations, and estate taxes.
Charitable Remainder Trusts: Charitable remainder trusts are legal entities funded with any number of different types of assets. Over your lifetime (or a set number of years, not to exceed 20 years), you receive a steady stream of income from the trust. At the end of the trust’s term, the remaining assets are transferred to the Conservancy, according to the terms initially specified when the trust was created. Several tax advantages are possible with regard to capital gains, charitable donations, and estate taxes.
Bequests: One very straightforward way to pass assets to the Conservancy is to include them in your will or trust, bequeathing them to the organization on your death. Property, money, personal belongings, or other assets may be gifted to the Conservancy through your will or trust document.
For more information, contact Richard Ober, Monadnock Conservancy executive director, at (603) 357-0600.
The New Hampshire Charitable Foundation is also available for guidance and gift planning at no cost to you. Please contact Lisa Foley, Director of Gift Planning, or Beth Healy, Senior Foundation Officer-Monadnock Region, at (603) 225-6641 or (800) 464-6641.
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