MAKE A CHARITABLE BEQUEST

A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Truckee Donner Land Trust.

I hereby give, devise, and bequeath_________ and No/100dollars ($DOLLARS) to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID #68-0245327, for Truckee Donner Land Trust's general use and purpose.

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID #68-0245327, for Truckee Donner Land Trust's general use and purpose.

I hereby give, devise and bequeath all the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID #68-0245327, for Truckee Donner Land Trust’s general use and purpose.

Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Truckee Donner Land Trust.

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID #68-0245327, for Truckee Donner Land Trust’s general use and purpose.

A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Truckee Donner Land Trust.

I hereby give, devise and bequeath ____ percent (___%) to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID #68-0245327, for Truckee Donner Land Trust's general use and purpose.

A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home could transfer to the Truckee Donner Land Trust as a secondary beneficiary.

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Truckee Donner Land Trust, a nonprofit organization located at P.O. Box 8816, Truckee, CA, 96162, Federal Tax ID # 68-0245327, DESCRIPTION OF PROPERTY to be used for Truckee Donner Land Trust's general use and purpose.

You can designate the Truckee Donner Land Trust as a full, partial or contingent beneficiary of your retirement account – an IRA, 401(k), 403(b), pension or another tax-deferred plan. You leave your retirement assets to benefit our organization when you pass away, and your children can save on income tax.

Retirement assets are not always great assets to leave to children or other heirs. If you have a taxable estate, these assets may be subject to estate taxes. Your heirs will also have to pay income tax on the inherited value of the IRA. For that reason, many people leave stock, bonds, and real estate to their heirs and give their IRA or other retirement assets to an organization like Truckee Donner Land Trust.

These changes to your beneficiary usually don’t require lawyers and can help you avoid a capital gains tax by donating directly to charity. Your retirement plan administrator can help you add Truckee Donner Land Trust as a beneficiary, and often, you can do it yourself through your account online.

Please ask your plan administrator to give the Truckee Donner Land Trust a copy of your beneficiary form for our records.

You can name Truckee Donner Land Trust as a beneficiary of your life insurance policy, or as contingent beneficiary, should your other beneficiaries not survive you. The benefits include receiving an estate tax charitable deduction, reducing the burden of taxes on your family, and leaving a legacy to charity.

Designating the Truckee Donner Land Trust as a beneficiary of your life insurance policy is an easy gift for you and your family to make. You can usually make the change to a beneficiary at any time, not just during your policy renewal period. At death the benefits pass to the Land Trust free of federal estate tax and are applied to the mission of the organization, or specific program(s) you designate. This life insurance gift may also be given outright.