Plan to Leave a Lasting Legacy

Perhaps the easiest and most common way to make a planned gift is through a bequest in a will.  Bequests generally take the form of a set amount of money, a percentage of an estate, or a specific asset such as real estate.  A bequest can be included in a new will or added to an existing will or living trust through a simple codicil. If your estate will be subject to taxes, a deductible charitable bequest can reduce your tax burden.

Naming Osprey Wilds as a contingent or primary beneficiary of a life insurance policy, IRA, 401K, or other financial account is as easy as filling out a beneficiary form, which your financial institution will provide online or on request. Because account proceeds go directly to charity, they are not subject to capital gain or estate taxes. Beneficiary gifts are flexible: you can change your beneficiaries whenever you wish, and you can name multiple beneficiaries to receive a portion of the account remainder.

A life income agreement could allow you to leave a substantial gift to Osprey Wilds while providing income for yourself or others for the remainder of your life, their lives, or a fixed number of years. Two common life income gifts are the charitable gift annuity and the charitable remainder trust. Both the gift annuity and the remainder trust, as well as other life income options, offer tax advantages, such as a charitable deduction and possible reduction of estate or capital gains taxes

Planned gifts often require the assistance of professionals, such as an accountant, attorney, or financial planner. One resource at your disposal is the St. Paul and Minnesota Foundation (SPMF). Because of Osprey Wild’s affiliation with SPMF, their expertise and services are available to our constituents at no charge and without obligation. You can learn more at their website about how their expert team will partner with you and your financial advisors to create a giving plan that’s right for you.