Donating

There are many creative ways to support SKLT.

Gifts of Cash - Most donations to SKLT are made by check. If you itemize, such outright gifts
are generally deductible up to 50 percent of your adjusted gross income.

Gifts of Stock - A gift of stock that you have owned for a number of years can be beneficial. 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.

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 bequest 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 Trust - A living trust allows you to continue your assets as these trusts 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 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 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.

The SKLT would be happy to discuss these options with you and your financial advisors.