70½? Think Ahead for Year-end Giving, Consider IRA Charitable Rollover
The IRA Charitable Rollover allows individuals who are age 70½ or older to donate up to $100,000 to charitable organizations directly from their IRA, without treating the distribution as taxable income and counts towards their yearly Minimum Required Distribution (MRD). To qualify, contributions must be made from a traditional IRA or Roth IRA and go directly to a public charity.
The tax benefits of the IRA Charitable Rollover are available to taxpayers regardless of whether they itemize their returns. This particularly helps older Americans who no longer file itemized federal tax returns. The mandatory distribution from their IRA would otherwise trigger a tax burden, even if they ultimately donate the money to charity. The IRA rollover removes these negative tax consequences and encourages Americans to give back to their communities during their lifetime.
For more information about this or other tax-advantaged ways to give, contact Anne Truslow at (603) 224-9945 or at email@example.com.
What It Means to Give
For more than a century, the Forest Society has accomplished great things through the generous support – financial and otherwise – of dedicated members and friends who cherish and appreciate the intrinsic values of New Hampshire’s landscapes and natural and renewable resources. When you choose to include the Forest Society in your estate plan, you enter into a unique partnership to help ensure future generations are able to enjoy the New Hampshire we all love.
We are deeply grateful for your partnership in protection.
Ways to Give
At the Forest Society, unrestricted charitable gifts provide the greatest flexibility in strategically funding the top priorities supporting our mission. If you have a more specific purpose in mind, please contact us to ensure we can meet your wishes.
For detailed information about ways to structure a gift, or about any of the giving options outlined here, or to discuss your particular philanthropic and/financial goals, contact Anne Truslow at (603) 224-9945 or by email at firstname.lastname@example.org to arrange for a confidential conversation and no-obligation proposal.
Gifts you make today:
Gifts that pay you income:
- Charitable Gift Annuities
- Charitable Remainder Trusts
Gifts that make a difference after your lifetime:
A gift to the Forest Society by will offers you the greatest flexibility and control during your lifetime as a bequest is relatively easy to modify to accommodate changing goals. Through a Bequest, you can provide for the future of the Forest Society; possibly reduce the tax burden on your estate; and/or, permanently link your name to the Forest Society by the creation of an endowed fund or by another naming opportunity. The following are different ways you can name the Forest Society in your will or trust.
- A General Bequest is when you designate a specified dollar amount. The suggested language is:
“I give, bequeath and devise the sum of [dollar amount] to the Society for the Protection of New Hampshire Forests, a non-profit organization, with its office at 54 Portsmouth Street, in Concord, NH, to be used for its general use and purposes.”
- If you wish to designate your Bequest to a specific purpose, please contact Anne Truslow (email@example.com), 603-224-9945) to ensure we can honor your wishes and for suggested language.
- A Residual Bequest is when one leaves all or a portion of the remainder of their estate to a designated beneficiary after all the specific bequests has been satisfied. The suggested language is:
“I give, bequeath and devise all [or a percentage] of the rest, residue and remainder of my estate to the Society for the Protection of New Hampshire Forests, a non-profit organization, with its offices at 54 Portsmouth Street, Concord, NH, to be used for its general use and purposes.”
- A Contingent Bequest provides for distribution of an estate if one or more of the named beneficiaries does not survive the donor. The suggested language is:
“If [name the individual/s] predeceases me or disclaims any interest in [my will or trust] I hereby bequeath [his/ her/their] share, the sum of [dollar amount or percentage interest] to the Society for the Protection of New Hampshire Forests, a non-profit organization, with its offices at 54 Portsmouth Street, Concord, NH, to be used for its general use and purposes.”
- A Devise of Real Estate with high conservation value may be added to the Forest Society’s reservation system or sold with a conservation easement in place so that it will be permanently protected. The Forest Society also accepts devises of non-conservation real estate (homes, cottages, etc.). The proceeds from the sale of non-conservation real estate will be used to conserve land and care for the land and easements we own according to the terms of the Assets to Acres Program. We strongly urge individuals considering planned gifts of real estate to contact Anne Truslow at firstname.lastname@example.org, at 603-224-9945 to discuss the terms of the gift and appropriate language.
- Beneficiary Designations
- IRA and Retirement plans
- Life Insurance policies
- Insurance annuities
- What you can give after your lifetime
- Retirement Plan Assets
- Savings Bonds
- Life Insurance Death Benefits
- Real Estate
- Tangible Personal Property
Please consider sharing your plans with us – we would like to thank you and welcome you to our legacy society, Partners in Protection.