Thank you for your interest in learning about creative ways to support the Greater Yellowstone Coalition. Planned gifts are a great way to leave assets to an organization that provides current and future benefits for both the Coalition and you.
What To Give
You can support the Greater Yellowstone Coalition’s conservation mission far into the future by adding a bequest to your will or living trust. This type of gift will not alter your current lifestyle, and is fully deductible for estate tax purposes.
Following is an example of language you can use:
“To the Greater Yellowstone Coalition, a not-for-profit, tax-exempt organization incorporated in the state of Montana in 1983, having as its principal address 215 South Wallace Avenue, Bozeman, MT 59715, and tax identification number EIN: 81-0414042 I, [name], of [city, state ZIP] hereby give and bequeath the sum of $______ or _____percent of my estate to be used as determined by GYC for the general purposes of “GYC.”
Did you know you can name the Greater Yellowstone Coalition as beneficiary of your retirement funds and the entire designated amount passes to GYC tax-free? And that your gift is fully deductible for estate tax purposes? Alternatively, retirement accounts like IRAs, Keoghs, and 401(k) plans are taxed as income to your heirs, and may be subject to estate tax. You may designate:
• Your entire retirement account;
• A set dollar amount;
• A percentage of your total retirement funds;
• An amount contingent on other conditions being met, such as having a loved one predecease you.
Consult your financial advisor or your employer’s human resource department to get the simple form to designate the Greater Yellowstone Coalition (tax identification number EIN: 81-0414042) as a beneficiary of your retirement account.
Are you 70 ½ or older? If so, the IRS requires you to take required minimum distributions (RMDs) annually from your tax-deferred retirement accounts. This additional taxable income may push you into a higher tax bracket and reduce your eligibility for certain tax credits and deductions. To reduce or eliminate the impact of RMD income, you can make a qualified charitable distribution (QCD) to the Greater Yellowstone Coalition. Amounts given as a QCD count toward satisfying your RMD and can be excluded from your taxable income.
To make a distribution from your IRA account to GYC you need to notify your plan administrator. View a sample transfer letter here.
Please note that the Greater Yellowstone Coalition cannot render tax or legal advice and we urge you to consult with your professional advisor about your situation before making a charitable gift.
LET US KNOW YOUR PLANS
If you have included the Greater Yellowstone Coalition in your estate plans, please let us know by calling our development office at 406.556.2834. We would like to thank you for your generous commitment to the Greater Yellowstone Coalition.
OTHER TYPES OF PLANNED GIFTS
There are a variety of other types of planned gifts that are of great help to us and that can also help you create wealth and leave a lasting charitable legacy. These include Charitable Gift Annuities, Deferred Payment Gift Annuities, Charitable Remainder Trusts, IRA Rollover Gifts, and others. Please contact us or your financial planner to see if these types of gifts are right for you. In the right situation, planned gifts can help you save on your taxes, avoid capital gains tax on the sale of appreciated assets, and plan and save for the future.
GIFTS OF STOCK
All gifts of stock and marketable securities should be sent to our brokerage firm:
PO Box 1103, Valley Forge, PA 19482
Physical Address: 400 Devon Park Drive
Wayne, PA 19087
GYC Tax ID: 81-0414042
*Please note, it is extremely important that the donor’s name be included with the transaction sent to Vanguard.
All wires should be sent to the following location:
Bank: American Bank
Routing Code: 092901227
Account #: 711006237
GYC Tax ID: 81-0414042
Banner photo courtesy of Tom Murphy.