Planned Giving Program

Sailboat, Apostle Islands - Lake SuperiorThe term "planned giving" refers to charitable gifts that require some planning before they are made. Planned gifts are popular because they can provide valuable tax benefits and/or income for life.

Potential Benefits of Planned Gifts:

• Make significant donations to a charity that is important to the donor
• Increase current income for the donor or others
• Reduce the donor's income tax
• Pass assets to family at a reduced tax cost

Many gift options are available, and the purpose of the Friends of the Apostle Island's Planned Giving Program is to assist donors in carrying out their wishes by providing appropriate information.

Gifts of Cash
An outright gift of cash to the Friend's provides an immediate tax deduction for the donor and allows the Friend's to immediately invest the gift to support current and future projects.

Gifts of Appreciated Securities
A gift of appreciated securities provides great tax benefits without affecting current cash flow, and also provides the donor with a dual tax incentive.

When securities that have been owned for more than a year and have appreciated in value since purchase are donated, the giver is usually entitled to an income tax deduction for the full current value of the asset, not just the cost basis. The donor also bypasses any capital gains tax that would have been due had the property been sold.

Bequest through a will or trust
Many gifts by will are made by persons who first provide for their loved ones and then choose to leave the remainder of their assets to charitable interests that have been an important part of their lives, such as the Apostle Islands National Lakeshore. Even a small portion of a typical estate can be a very meaningful gift to the charity. The donor's estate will receive a charitable estate tax deduction upon the donor's death and may receive an immediate income tax deduction.

In addition to specific bequests charitable trusts may be used to meet the unique needs of the donor. These include Charitable Lead Trusts,which provide an annual gift of income to the charity for a specified period with the remainder going to designated beneficiaries, and Charitable Remainder Trusts, which provide income to the donor during their lifetime with the remainder gifted to the charity.

Steps to take for Planned Giving

The first step is to create a plan that meets your needs and intent and is compliant with all tax and estate laws. There are many charitable options and the tax laws often change. This is a complicated area of law and requires the knowledge and guidance of qualified legal and tax experts to offer advice and prepare necessary legal documents.

For more information about how Friends of the Apostle Islands National Lakeshore may fit into your existing gifting, financial or estate plans, or to arrange for a gift by check, wire transfer, electronic transfer of stock or other marketable securities, physical stock certificates, or mutual funds please contact our representative, Mike Ryan. We will work with your advisors to accomplish your gift of privately held securities, real estate, and life insurance and retirement assets.

All contributions are tax deductible to extent allowed by law.

The Friends of the Apostle Island's planned giving representative does not offer investment, legal or tax advice or interfere with a donor's own financial, tax or legal advisors. We are available to provide information and assist in fulfilling your planned giving goals.

Call our representative, Mike Ryan, at 847-323-1285.