Planned Giving/Bequests

 

Give a Planned Gift to California Trout

Water and native species are the natural heritage of all Californians. California Trout works every day to protect our state’s water and key stream habitats and to empower local communities to safeguard the wildness and health of native trout and steelhead waters.

By including California Trout in your estate plans, you are providing important future support that will enable us to restore and protect our state’s coldwater fisheries and watersheds for decades to come. With your help, we will ensure that the natural legacy of California will be protected for the enjoyment of our children and their children. Thank you for your generous involvement in our work.

Bequests

One of the simplest ways to make a gift to California Trout is through your will. You can designate a gift or portion of your estate and, in some cases, receive a substantial reduction in federal gift and estate taxes. Bequests work particularly well for those who are unable to make an outright gift, but would like to help California Trout in its future work. We suggest the following language for simple bequests:

“I give $______ or ___% ___________ (or describe the real or personal property, including exact location.) to California Trout, Inc., a California nonprofit corporation, currently located at 870 Market Street, Suite 528, San Francisco, California 94102.”

Life Income Gifts

A life income gift, commonly in the form of a Charitable Remainder Trust or a Charitable Lead Trust, allows you to transfer assets to California Trout now, yet still receive annual income from the assets for your lifetime or the lifetime of a named beneficiary. A life income gift can allow you to: 1) increase your income for life; 2) receive a generous charitable contribution deduction now; and 3) avoid any capital gains tax on the appreciation of the asset.

Retirement Plans

You can name California Trout as a beneficiary of all or part of your Individual Retirement Plan (IRA), Keogh plan, 401(k), 403(b), or other qualified pension plan. The proceeds of these plans are entirely free from federal estate tax. Many retirement plans distribute assets at the death of the plan owner, and these can have special significance for a charitable group like California Trout. Your estate or beneficiaries may well have to pay taxes on your retirement assets. But if they're given to California Trout, your estate will be entitled to a full charitable deduction for the value of the assets transferred.

Gifts of Life Insurance

You can name California Trout as both the owner and beneficiary of a life insurance policy that is no longer needed. If the policy has a cash value, you can take an immediate charitable deduction equal to its cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them, those premiums will become tax deductible next year.

Legal and Tax Advice

California Trout cannot render tax or legal advice, and this information is not intended as such. We recommend that you work with qualified financial and legal advisors who specialize in estate planning and consul an attorney when preparing legal documents.

California Trout is incorporated under section 501(c)(3) of the Internal Revenue Code. Our tax identification number is: 23-7097680.

For More Information

If you would like additional information about planned gifts, please contact CalTrout’s Executive Director, Jeff Thompson at 415.392.8887 extension 109 or jthompson@caltrout.org.

Copyright © 2011 California Trout, Inc. • All Rights Reserved
360 Pine Street, 4th Floor, San Francisco, CA 94104 | Phone (415) 392-8887