| In addition to our annual
membership program and sponsorship of McHenry
County Conservation Foundation, Planned Giving
enables gifts that leave a legacy for continued
work of the Foundation. |
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| Planned
Giving Strategies: |
|
Honorary and Memorial Gifts |
| Honor Your Loved Ones! Honorary
and memorial gifts to McHenry County
Conservation Foundation (MCCF) are a wonderful
and meaningful way to celebrate loved ones who
cherish the natural beauty and open spaces of
McHenry County. |
|
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. A charitable
donation through a bequest in a will also
enables the donor to take advantage of
tax-saving opportunities that preserve as much
of the estate as possible by lowering estate
taxes that must be paid by heirs. 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. |
| Life Estate
Agreement |
| Entering into a Life Estate Agreement is
another way to donate land or a residence for
those donors who want to continue to enjoy and
use their property throughout their life. While
the actual transfer of the future interest in
the property is made to the Foundation now, you
may continue to live in the home or on the
property for the rest of your life. A
substantial income tax deduction may be allowed. |
| Stock Donations |
| Donations of stock can also be accepted by
the McHenry County Conservation Foundation. This
type of donation has the added advantage of
saving the donor capital gains tax. |
| Gift of Life
Insurance Policy |
| A gift of a 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 the
Foundation as both owner and beneficiary. By
doing so you are then entitled to an income tax
deduction for the lower of the policy’s value or
your cost basis in it at the time of the
transfer. If you continue to pay the premiums
on the policy, they are also deductible. |
| Giving IRAs or other
Retirement Plans |
| Individual Retirement Accounts (IRAs),
company-sponsored pension and profit-sharing
plans, and other methods of saving for
retirement may be appealing 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. |
| Charitable Gift
Annuities |
| Through a charitable gift annuity, you can
make a gift to the Foundation and receive fixed
annual payments as well as income and estate tax
benefits. A gift annuity is a simple,
contractual agreement between a donor and the
McHenry County Conservation Foundation in which
you give assets to us in exchange for our
promise to pay you a fixed sum for life. |
| Charitable Remainder
Trusts |
| When you create a charitable remainder
trust, you give money, securities or other
assets to a trust you create that will then pay
you an income for life or for a period of years
(not to exceed 20). If you wish, the trust also
can pay an income to other beneficiaries of your
choice. At the death of the final beneficiary,
the remaining balance in the trust goes to the
Foundation. |
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