"You must give up the life you planned in order to have the life that is waiting for you." by Joseph Campbell
The Planned Giving Initiative is a new promotion for the Friends of the New Hanover County Arboretum in its efforts to develop new opportunities for supporters to contribute larger and more lasting charitable contributions to the Arboretum. There are several packages available to you to choose from.
Options include the following:
Download a document for future reference.
| Planning Your Estate?What You Need to Know Consider ensuring the future of the Arboretum "Those who are happiest are those who do the most for others." by Booker T. Washington |
IRA RMD Charitable Rollover
You may be looking for a way to make a big difference to help further our mission. If you are 70 ½ or older, an IRA RMD charitable rollover is a way you can help continue our work and benefit this year.
Action: Donor directs IRA custodian to make an IRA charitable rollover gift to the Friends of the Arboretum.
BENEFITS OF AN IRA RMD CHARITABLE ROLLOVER
- Avoid taxes on transfers of up to $100,000 from your IRA to our organization
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
HOW AN IRA RMD CHARITABLE ROLLOVER GIFT WORKS
- Contact your IRA plan administrator to make a gift from your IRA to us. You may need to provide the FOA tax ID number so please contact us and we can provide.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
- Download a document for future reference.
CONTACT US
If you have any questions about an IRA RMD charitable rollover gift, please contact us (910-798-7660). We would be happy to assist you and answer any questions you might have.
"Planned change is good. It is being the best, giving your best, and doing your best - on purpose." by Darren L. Johnson
Bequest and Beneficiary Designation Gifts
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to the Arboretum that will make a lasting impact.
Action: Donor leaves assets through a Will or Trust to the Friends of the Arboretum.
BENEFITS OF A BEQUEST
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
HOW A BEQUEST WORKS
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or the friends of the Arboretum as part of your estate plan, or you can make a bequest using a beneficiary designation form.
HERE ARE SOME OF THE WAYS TO LEAVE A BEQUEST
- Include a bequest to the Friends of the Arboretum in your will or revocable trust.
- Designate the Friends of the Arboretum as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension).
- Name the Friends of the Arboretum as a beneficiary of your life insurance policy.
- Download a document for future reference.
A BEQUEST MAY BE MADE IN SEVERAL WAYS
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
CONTACT US
If you have any questions about leaving a bequest to us, please contact us (910-798-7660). We would be happy to assist you. If you have been so generous as to include a bequest to the Friends of the Arboretum as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
ADDITIONAL INFORMATION
The method used to make a bequest will depend on the kind of gift you choose to leave to the Friends of the Arboretum.
Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to the Friends of the Arboretum. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.
Appreciated Stock Donation
For investors who are charitably inclined, one giving option is making their donations using shares of appreciated securities. Whether using shares of individual stocks, ETFs or mutual funds, this can be a good strategy for financial advisers to discuss with their clients who hold appreciated securities inside taxable accounts.
Donating appreciated securities allows investors to contribute the market value of the security while eliminating any capital gains taxes that would be due if they were sold and the investor then donated the cash proceeds. This makes using appreciated securities a tax-efficient approach to charitable giving.
Action: Donor works with financial advisor or custodian to make arrangements.
BENEFITS OF A STOCK DONATION
- Avoid capital gains on appreciated value of stock
- Reduce tax liability for donor
- If you normally take the standard deduction, you can make one large donation one year and itemize that particular year.
- Download a document for future reference.
HOW A BEQUEST WORKS
With the help of your financial advisor/wealth manager or the custodian of your stocks, you complete the paperwork to transfer the stock to the friends of the arboretum. They can also advise you on the tax treatment of the transaction.
CONTACT US
If you have any questions the donation of stock, please contact us (910-798-7660). We would be happy to assist you.
Donor Advised Fund
Many individuals have started using donor advised funds as their mechanism for donations to charities. With changes in the standard deductions for taxes, this is a popular mechanism.
HOW TO GIVE FROM YOUR DONOR ADVISED FUND
Many are donor advised funds have portals that assist their clients with making charitable donations from their fund. We are listed as Friends of the New Hanover County Arboretum in the available funds and if it doesn’t show, most have a mechanism to add a non-profit. You can also speak to your financial advisor/wealth manager or the custodian of your account for assistance.
Download a document for future reference.
CONTACT US
If you have any questions the donation of stock, please contact us (910-798-7660). We would be happy to assist you.
Memorial Donations in Lieu of Flowers
It is common now for people to request donations to a charity in lieu of flowers. This is an excellent way to remember someone with a gift to the Friends of the arboretum.
HOW DONATION “IN LIEU OF FLOWERS” WORKS
- Family can include language in the obituary announcement; “The family requests those who wish to express sympathy to consider making a donation to the Friends of the New Hanover County Arboretum in (deceased individual's name) name.”
- The notice may include the address which is 6206 Oleander Drive, Wilmington, North Carolina 28403.
- It is important for the donor to include the name and address of the next of kin. The FOA will acknowledge the donation to the donor and will also notify the next of kin of the kind donation.
- Donations can also be made through the friends of the arboretum website: friends-nhcarboretum.org/Donate
- This will also give the donor the option to donate a memorial paver in the persons honor.
- Download a document for future reference.
"The true meaning of life is to plant trees, under whose shade you do not expect to sit." by Nelson Henderson