Creating Your Legacy With Outdoor School
Your planned gift will create an enduring legacy that reflects your values during your lifetime. Imagine students, generations into the future, exploring the Northwest's forests, streams, and skies discovering the wonders of nature, friendship, and themselves because of you.
A planned gift is any gift usually realized at a later date, such as at your death. Planned gifts can establish your legacy, support Outdoor School students, and help you and your family avoid capital gains and inheritance taxes.
You may make a planned gift to Friends of Outdoor School in a variety of ways for a variety of purposes. Your planned gift may be an unrestricted gift that will support the general purposes of Outdoor School or you may designate your gift to a specific purpose, such as sending students to Outdoor School, Student Leader Scholarships, or endowing staff positions. Examples of planned gifts include:
Bequests
A charitable bequest is a gift to a charity made at death through a will or trust. 90% of planned gifts are simple bequests. You may bequest cash, securities, or property. Designating Friends of Outdoor School in your will may reduce estate taxes owed by your heirs while creating your legacy. Next steps
Retirement Plan Assets
Retirement plan assets include PERS benefits, IRAs, 401(k) and 403(b) plans, Keogh plans, and other qualified retirement plans. Withdrawing assets from your retirement plan may result in significant current taxes, and estate taxes may consume a substantial portion of your retirement plans after your death. If you do not need the income from your retirement account, you can avoid capital gains and income taxes by donating income you must draw from your account. Designating Friends of Outdoor School as a full or partial beneficiary of your retirement plan assets may also allow you to accomplish your personal goals while reducing or eliminating estate taxes. Your retirement plan administrator will provide you with the appropriate forms. Next steps
Life Insurance
You may own a life insurance policy that was purchased when your family's needs were different, and this safety net may not be as important to you now. Or you, may be looking to make a significant future gift with a small investment now. By designating Friends of Outdoor School as the beneficiary of your life insurance, you may be able to deduct the annual premiums, and you can make a larger impact on Outdoor School than you ever thought possible. Your insurance company will provide you with the appropriate forms. Next steps
Real Property
You can leave your real property to Friends of Outdoor School or you might prefer to give Friends of Outdoor School ultimate ownership of your home, land, vacation home, or other real property, while retaining life use for yourself. By deeding the property to Friends of Outdoor School you can receive a substantial current income tax deduction, avoid capital gains taxes, and you (or someone you choose as a survivor) can use your the property for life. You tax advisor can guide you on this and other real property options, so that you can meet your needs today while fulfilling your dreams for Outdoor School in the future. Next steps
Income Gifts
There are a variety of income-generating gifts options that can provide you with income, but also benefit Outdoor School. Your professional advisor can help you create a trust or annuity. These income gift options will provide you with the income you need today and create your enduring legacy. Next steps
To Discuss your estate gift, please contact::
Kim Silva
Friends of Outdoor School
(503) 257-1774
Kim@FriendsOfOutdoorSchool.org
This information is intended to share general information. For legal, tax, or other professional advice, please consult your professional advisor.
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Friends of Outdoor School is a program of the E2 Foundation.
