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Have you ever wished you could help? But thought you couldn’t afford to give? Perhaps you are concerned that giving may affect your cash flow or your family’s financial security. There is good news! You can support our mission without impacting yourself or your family. Planned giving, sometimes referred to as gift planning, could be a tax-beneficial method of supporting the Bisbee’s Fish & Wildlife Conservation Fund that enables philanthropic individuals or donors to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to you the donor, other donors use estate and tax planning techniques that maximize the gift and/or minimize its impact on the donor’s estate. What are some types of planned gifts? • Outright gifts that use assets as a substitute for cash; • Gifts that return income or other financial benefits to the donor in return for the contribution; • Gifts given upon the donor’s death. What are the tax benefits of planned gifts? • Donors may contribute appreciated property, like securities or real estate, and may receive a charitable deduction for the full market value of the asset, and may not pay no capital gains tax on the transfer. • Donors who establish a life-income gift could receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they may pay no upfront capital gains tax on the transfer. • Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax. Gifts ANYONE Can Afford Different gifts may benefit you in different ways. Find the perfect plan that meets your financial needs and fulfills your charitable interests. Bequests Naming us as a beneficiary in your will or trust is one of the easiest ways to help our cause. A bequest offers you flexibility. For example, you may make a gift to us only if you outlive your spouse or others you wish to support. And your gift may be changed at any time. You make a bequest of: • fixed amount, such as $10,000 • A specific asset • A percentage, such as 15% of your assets • What is left of your estate after specific bequests have been made Beneficiary Designations There are some assets that are easier to give to the BF&WCF, and these gifts don’t require a visit to your attorney to draft a will or codicil. For example, you can name us as a beneficiary of your retirement plan, investment account or life insurance policy. Many plan administrators and financial services companies include forms online, which makes it easy for you to complete a change of beneficiary. There are many easy, affordable ways to give back and make a difference. Call or e-mail us and talk with your attorney or advisors to learn more about the ways you can help your favorite charitable causes. Current Gifts A current gift is a gift that you make today with immediate benefits. There are several different ways for you to make a current gift to us. For more information visit our web site for specific information on Planned Giving: https://www.bisbeesconservationfund. org/PlannedGiving BISBEE’S CONSERVATION JOURNAL Q1/Q2 • 2016 89


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