Planned Gifts Take Many Forms
Many choose to live on Bainbridge Island because the land inspires them. Those of you who have lived here for generations may feel connected to place through a specific hiking trail, view, shoreline, or forest.
As you think about the past and ponder your vision for the future, you may be considering how to make a significant difference in conserving what makes Bainbridge Island so special—its land and natural setting.
While planned gifts take many forms, they are the result of careful thought and reflection. Such gifts might include bequests made in a will, naming the Bainbridge Island Land Trust as a life insurance beneficiary, or using tax-wise giving options such as a required minimum distribution (see box below), or charitable gift annuities or remainder trusts. Proceeds from planned gifts enable the Land Trust to continue preserving properties for the benefit of current and future Islanders, and may also support the ongoing stewardship and care-taking of lands we’ve already helped to protect.
What planned gift options are available to me?
Bequests are one of the easiest ways to make a gift to the Bainbridge Island Land Trust. A bequest is a provision in a will or living trust that directs money or other property to individuals or organizations at the end of life. An advantage of a bequest is that it allows you to change your mind at any time. Property left to the Bainbridge Island Land Trust is deductible from your taxable estate and may result in substantial tax savings. Bequests can also be used to help you achieve a particular preservation or stewardship goal, or to place a conservation easement on your land after your death. Learn more about types of bequests and sample language for your will.
As you consider including the Bainbridge Island Land Trust in your will, please talk to an attorney who has experience in wills and estates. The Bainbridge Island Land Trust can supply a list of local attorneys for you to interview.
Other possibilities include:
Remainder Interest in Land
Charitable Gift Annuities
Charitable Remainder Trust
Charitable Lead Trust
Required Minimum Distribution (see box below)
Want More Information?
If you would like to discuss ways to preserve the natural lands of Bainbridge Island by remembering the Land Trust in your future plans, please contact the Land Trust’s executive director, Jane Stone, at 206-842-1216.
The Bainbridge Island Land Trust will be holding a series of get-togethers for those who are interested in the possibility of making a legacy gift of some type, but want to learn more. If you would like to be notified about these gatherings, please call our office at 206-842-1216.