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DonatingThere are many creative ways to support SKLT. Gifts of Cash - You can make your donation through Paypal, or you can send SKLT a check. If you itemize, such outright gifts are generally deductible in full up to 50% of your adjusted gross income. Please choose your Donation amount after clicking the Donate button.
Gifts of Stock - A gift of stock that you have owned for a number of years can be beneficial not just to South Kingstown Land Trust but to the donor as well. By donating stock to SKLT, you not only qualify for a deduction equal to the value of the stock, but also avoid capital gains tax on its appreciated value. Gifts of Real Estate - A gift of vacant land, a farm, or a residence may make tax sense. By donating property, you avoid capital gains tax and receive a charitable deduction based on its full market value. Bequests - Naming South Kingstown Land Trust in your will is an easy way to make an ongoing impact on our community. You can bequeath specific assets, or a specific amount or percentage of your estate. Bequests are simple, revocable, and can be written to suit your needs and interests. With planning, a bequest may save on estate taxes and it allows you to leave a legacy without giving up current assets Living Trusts - Creating a living trust allows you to retain control over your assets during your lifetime as these assets are revocable and can be changed or terminated by you at any time. During your lifetime, you may select some income beneficiaries (you and/or others), and you choose the ultimate beneficiary of the trust assets that remain at the end of your life. Assets in a living trust bypass probate, so privacy is maintained. You may choose South Kingstown Land Trust as a beneficiary of trust funds during and/or after your lifetime. Charitable Remainder Trusts - A charitable remainder trust is a legal entity you establish and fund to manage assets for a named beneficiary. By irrevocably transferring assets to a charitable remainder trust to benefit South Kingstown Land Trust, you may obtain tax benefits. You will receive income (a pre-determined amount or a set percentage annually) for the rest of your life and, if you wish, the life of a designated beneficiary. After your lifetime, the trust remainder would support SKLT. Charitable Lead Trusts - A charitable lead trust can be established to pay either a fixed or a percentage amount to SKLT annually. At the end of your life, the remaining principal in the trust is left to your heirs. Through use of a charitable lead trust, you may receive an income tax reduction, reduce estate tax liability, and maximize inheritance for your beneficiaries. Life Insurance - You can donate a life insurance policy that you no longer need to secure your family's future. At death, policy proceeds will go to the South Kingstown Land Trust and your estate may benefit from reduced taxes. A different tax-saving device would be to donate stock to SKLT because of tax advantages and then purchase life insurance to benefit your family in the amount they would have received had you left them the stock. Retirement Assets - Qualified retirement plans may be subject to heavy estate taxes. If you do
not need the income from your plan, naming South Kingtown Land Trust as a beneficiary of the
plan may provide you with an income tax deduction and SKLT would benefit as well.
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