Consider giving a gift to conservation that will stretch far past your lifetime. Some people think they must choose between leaving a gift to their family or their favorite charity. You can do both, and some charitable gifts may even save your family money by decreasing inheritance taxes.
Be sure to discuss any planned gifts with your family and attorney or financial planner. When you speak to your attorney about making a planned gift to the Sierra Nevada Alliance, you’ll need to provide the following information about us:
Sierra Nevada Alliance
P.O. Box 7989
South Lake Tahoe, CA 96158
Tax Identification number: 77-0343881
Tax status: Not-for-profit 501(c)(3) corporation
Contact person: Jenny Hatch, Executive Director
Disclaimer: The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
Will or Trust
There are several ways that you can make a gift through your will or trust:
Specific gift: You describe exactly what kind of gift you want to leave to a specific individual or organization and the designated source. If you want to leave a specific dollar amount from a piece of property, stocks or a collector’s item, etc., this is the type of bequest you would use.
Residuary gift: This type of bequest is honored after all other bequests have been made and all debts, expenses and taxes have been paid.
Contingent gift: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, then you can indicate your next choice through a contingent bequest.
A gift of your retirement assets, such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a planned gift to the Sierra Nevada Alliance. If you are like most people, you probably will not use all of your retirement assets during your lifetime. Why not allocate the remainder to philanthropic giving and help protect the Range of Light for years to come?
Typically, retirement plan balances are subject to both income and estate taxes, but because the Alliance is a nonprofit organization, we won’t pay income tax on the distribution nor will the gift be subject to estate tax. Your retirement assets may be transferred to the Alliance by completing a beneficiary designation form provided by your plan custodian. If you designate the Alliance as a beneficiary, wildlife, forests, ecosystems, watersheds and communities will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate can also benefit from an estate tax charitable deduction for the gift.
You can name the Sierra Nevada Alliance as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to the Alliance, free of federal estate tax. To make this gift, simply contact your insurance carrier and request a beneficiary form.
You can also make an outright gift of a paid-up insurance policy. If the policy has a cash value, the Alliance would have the option of either holding the policy until the maturity date or surrendering the policy to receive the policy’s current cash value.