The generosity of our donors safeguards ASA’s vital efforts to conserve farmland for future generations.
Legacy gifts allow donors to earmark various types of assets for philanthropic purposes. Because some gifts provide tax benefits to the donor and/or beneficiaries, we recommend talking to a financial advisor or estate planner when structuring a donation strategy.
Legacy gifts, also known as planned gifts, offer donors the opportunity to use various types of assets for philanthropic purposes. Certain types of gifts may have tax benefits to the donor and/or to beneficiaries, so it is prudent to talk to a financial advisor or estate planner when making these plans.
Typically, legacy gifts are larger than the contributions made through membership fees and annual appeals. Besides the financial value of the contribution, there is another important benefit: large donations attract positive publicity for ASA and its mission, and likely inspire the generosity of other donors.
Bequest: You can designate ASA in your will as the recipient of cash, real estate, or another asset, such as stock. You can also leave a percentage of your overall estate to ASA.
IRA Rollover: You can make a gift for land conservation directly from an IRA.
Charitable Remainder Trust (CRT): You use assets to fund an irrevocable trust, which then makes annual payments to ASA for a fixed number of years (or your lifetime).
Charitable Lead Trust (CLT): You use assets to fund a trust that makes annual payments to ASA for a fixed number of years (or your lifetime); any remaining assets in the CLT are then distributed to named beneficiaries (usually family members of the donor).
Gift: Gifts of any type of asset, from real estate to a car, may be made during your lifetime. Some gifts may provide tax benefits.
Life Insurance: You can name ASA as the owner and beneficiary of a new or existing policy.
Retained Life Estate: You may deed real estate to ASA subject to one or more individuals retaining a "life interest" in the property. Under this irrevocable arrangement, "life tenants" retain full use of the property, and donors receive a significant income tax deduction.
Gifts of Appreciated Securities: Gifts of stock can be structured to reduce capital gains taxes on stock sales.
Retirement Plan Assets You can name ASA as the beneficiary of an IRA, 401(K), 403(b), or other qualified retirement plan.
For more information about planned giving, please contact Renee Bouplon