Planned Giving includes a number of ways you can contribute and help us preserve our Island’s open spaces and unique habitats.
This covers charitable gifts such as bequests, life estate agreements, gifts of life insurance policies, beneficiary designations, charitable gift annuities, and charitable remainder trusts which allow you to leave a legacy that will continue far beyond your lifetime.
Bequests:
A bequest is an easy and simple way to give a gift of cash, securities or personal property that does not affect the donor’s income or estate during their lifetime. There are several types of bequests, and donors are urged to discuss their plans with an attorney or financial advisor before any decisions are made.
- An unrestricted bequest is a gift for our general fund, to be used at the discretion of our governing board. A gift like this—without conditions attached—is frequently the most useful, as it allows us to determine the wisest and most pressing need for the funds at the time of receipt.
- A restricted bequest allows you to specify how the funds are to be used. If you have a special purpose or project in mind, please consult with us before you make your bequest to be certain your intent can be carried out.
- An endowed bequest allows you to restrict the principal of your gift, requiring us to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift can continue giving indefinitely.
Beneficiary Designations
- A gift of life insurance policy is an excellent method to make a larger contribution than you could otherwise provide with an outright gift of cash or stock during your lifetime. If you own a life insurance policy and the original beneficiary no longer needs the protection, the policy may be transferred to NCF as both owner and beneficiary.
- Individual Retirement Accounts (IRAs), company-sponsored pensions, profit-sharing plans and other methods of saving for retirement may be appealing as sources for charitable gifts. If you are over age 59 ½ and find that you have more than adequate resources set aside for retirement, you may choose to use a portion of your retirement funds to make charitable gifts which may reduce your estate and income taxes.