Gifts That Reduce Your Taxes

Doug Day  
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Gifts That Reduce Your Taxes

You can leave all or part of your financial accounts – such as retirement accounts, commercial annuities, life insurance policies, bank and brokerage accounts, and other assets — directly to the National Wildlife Federation. With this option, you impact our work for years to come and possibly ease burdensome estate and income taxes for your loved ones in the future.

When you designate the National Wildlife Federation as a beneficiary of your retirement plan, it costs you nothing now, and benefits wildlife and habitat preservation. That’s why more and more supporters are choosing this kind of gift.

Benefits:

  • Remove highly taxable assets from your estate by direct beneficiary designation
  • Avoid probate fees
  • No cost to you now to give
  • Create your conservation legacy with the National Wildlife Federation

Please contact your plan administrator to request the beneficiary designation form to name the Federation as a beneficiary on your retirement plan.

Many donors feel that the direct transfer of funds from an IRA to the National Wildlife Federation is an effective way to reduce taxable income. Here’s how it works:

At age 70 ½, IRA owners must begin withdrawing Required Mandatory Distributions. If this is additional income, donors can make a gift to NWF by requesting a direct a transfer from their financial institution to the NWF. Gifts can be made up to $100,000 for individuals and $200,000 for couples which can be a significant tax savings and a meaningful way to support creating a brighter future for wildlife.

If you’re interested in this popular way to support the National Wildlife Federation, download a sample letter for your IRA administrator here.

Many people have a life insurance policy that has outlasted its original purpose. If you do, you can use it to reduce your taxes while establishing a gift for the National Wildlife Federation. Your gift will help with the recovery and restoration of wildlife and their habitats.

Benefits:

  • May receive a deduction in taxes
  • See firsthand how your gift supports our work if the National Wildlife Federation cashes in the policy
  • Create your conservation legacy. If the National Wildlife Federation retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the National Wildlife Federation

You can use stocks, bonds, and mutual funds that have appreciated in value to create your legacy with the National Wildlife Federation. Listing the National Wildlife Federation as a beneficiary of any investment vehicle may reduce income and estate taxes that would otherwise be passed on to designated individual.

When you redeem savings bonds, you will owe income tax on the appreciation. With a simple title change, you can direct that the National Wildlife Federation can receive these highly appreciated taxable assets. Because the National Wildlife Federation is tax exempt, 100% of your gift will be used to support the future of wildlife and the places they call home.

Benefits:

  • Simple title change will direct your highly appreciated asset to the National Wildlife Federation.
  • Reduces income tax and estate taxes for your loved ones when passed to the Federation.
  • Creates your conservation legacy with the National Wildlife Federation.

To help ensure a brighter future for wildlife, please contact the Gift Planning Office, at 1-800-332-4949 or NWFLegacy@nwf.org.

This information is not intended as legal, accounting or other professional advice. For assistance in planning your legacy gift, please consult an estate planning attorney and/or financial advisor for professional advice.