You can play a role in preserving natural land forever. Now is the time to think about your future and the legacy you will leave. There are many ways to remember the Natural Land Institute in your estate plans, helping to create an enduring legacy of natural land in northern Illinois for people, plants and animals.
Remember the Natural Land Institute in your will or living trust.
If it is time to create or review your will or living trust, consider naming the Natural Land Institute as a beneficiary of a set dollar amount, a particular asset, or a percentage of assets in your estate or trust.
Use simple beneficiary designation forms for IRAs, 401(k)s and life insurance policies. These types of assets do not pass through your will. Rather, they pass according to simple beneficiary designation forms. Using these forms, you can name the Natural Land Institute as a beneficiary of an entire plan or policy, or a percentage of assets. And traditional IRAs and qualified retirement plans are considered among the smartest assets to leave to charity from a tax standpoint.
Donate a home or farm now, reserving lifetime use.
In addition to receiving estate tax savings, you will get a substantial tax deduction now for your future gift. And you will continue to enjoy use of the property during your lifetime.
Make a life income gift.
A charitable remainder unitrust would pay you your chosen percentage of the changing value of the trust, as revalued each year. Appreciated securities, real estate, certain business interests, or art or other collectibles that you donate can be sold by the trust without immediate capital gains taxes, with the proceeds reinvested for your benefit. Either type of gift would also provide you with an immediate income tax deduction for a portion of the gift value.
Give conservation land or conservation easement.
You can donate land with conservation value or a conservation easement on the land through your will or living trust. You should talk to our staff to determine if the land qualifies for protection and what restrictions you want placed on its future use. There are special tax laws that apply to gifts of land so you should consult an attorney or tax consultant before making a decision on this type of gift
Natural Land Institute is a tax exempt organization under section 501(c)(3) of the Internal Revenue Code.
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