Your planned gift is your legacy for a better world.
You can make one of the most powerful and lasting contributions to protect Gold Butte National monument for future generations.
Planned giving really helps Friends of Gold Butte by helping secure our future and that of Gold Butte National Monument.
But, planned giving also benefits you! Here’s how:
- You can create a legacy for yourself or your family, making a lasting impact on a cause that’s important to you.
- You can secure the tax benefits of planned giving for yourself and your heirs.
- Planned giving lets you decide how your gifts are spent.
Learn more about how you can participate in planned giving and support the place you love, Gold Butte!
Please note: Information provided here is meant as general information only. Friends of Gold Butte strongly advises you to seek legal and financial counsel when planning a legacy gift. Friends of Gold Butte is not in the business of estate or tax planning and cannot provide any legal or financial services or advice.
- Planned Giving represents your opportunity to leave a major gift that may not have been possible in your lifetime due to financial constraints. Such a gift can have a huge impact on the future of public lands across the West.
- Charitable Gifts are often exempt from Estate Tax, meaning more of your gift would go directly to the organization.
- You can avoid capital gains taxes when you transfer assets as part of a Planned Gift, again maximizing the contribution to charity.
A Special Opportunity for Those 70½ Years Old and Older: You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as CLF without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. In 2023 new laws include retirement changes, known collectively as “Secure 2.0,” that may even make it easier for you to make a difference at organizations you care about.
Friends of Gold Butte
12 W. Mesquite Blvd, Ste 106
Mesquite, NV 89027
Mission: Our mission is to promote the responsible enjoyment of the Gold Butte National Monument through education, stewardship, advocacy, and preservation of natural and cultural resources.
- Gifts that provide income to you and/or your beneficiary: Charitable gift annuities are contracts between a donor and a nonprofit in which the donor gives a significant amount of money or assets in exchange for the nonprofit’s promise to pay the donor a fixed amount for life, or some other period of time. Once the pay period ends, the nonprofit keeps any remaining funds.
- You and/or your beneficiary receive fixed annual payments for life at an attractive rate based on the age of the beneficiaries. Current rates can be found on the website of the American Council on Gift Annuities: https://www.acga-web.org/current-gift-annuity-rates
- You can begin receiving payments immediately (if you are 50 or older) or defer payments for a year or more (most people choose to start receiving income around retirement age).
- You are eligible for an immediate tax deduction. If you donate appreciated assets, you may save on capital gains taxes as well.
- The remainder passes to Friends of Gold Butte after your lifetime.
- Trusts operate on the basic principle that recipients get a certain amount of money from the trust until the donor dies or a specified term ends. There are two main categories of trusts: Charitable Remainder Trusts and Charitable Lead Trusts.
- a) Charitable Remainder Trusts pay a specified annual amount to the recipient for life, or a specified term. At the end of the term, the remaining funds go to the Friends of Gold Bute.
- b) Charitable Lead Trusts are similar, but the annual payments go to the Friends of Gold Butte (rather than the donor), and the principal goes to the donor or their beneficiaries at the end of the term.
- Making a gift of real estate to Friends of Gold Butte: Such a generous gift helps us continue our work for years to come, and a gift of real estate also helps you. When you give us property you have held longer than one year, you qualify for a federal income tax charitable deduction and eliminates capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance. Please consult with your tax advisor and contact Friends of Gold Butte for more information.
As the pandemic has made the state’s lengthy probate process even longer, legacy donors caring for their loved ones may be better off keeping their property out of probate altogether. And they can do this by creating a revocable living trust instead of a traditional will.
A revocable living trust is a legal mechanism that allows the trust’s creator, or “grantor,” to transfer almost any type of asset into the trust, which is then managed on behalf of the designated beneficiary.
Please let us know!
If you choose to include Friends of Gold Butte in your estate plans, please let us know. We would like to thank you and welcome you to our Legacy Circle and celebrate your generosity with you now. We also understand if you prefer not to let us know, and offer you our deepest gratitude.