Tip of the Mitt Watershed Council
Planned Giving Opportunities
Endowment Fund
The Tip of the Mitt Watershed Council's Endowment Fund was created in 1990. Since the Fund's creation, assets have grown to over $1.1 million. Charitable gifts received can be placed in the Endowment Fund or designated for any of the Watershed Council's program areas. If placed in the Endowment Fund, only the earnings from the investments are used by the Watershed Council for operations; the principal remains in the Fund as financial protection for the future.
Bequests
A bequest to the Watershed Council can take the form of cash, securities, real estate, or other assets. Any size bequest is greatly appreciated by the Watershed Council and helps further our work. The Watershed Council has sample language for inclusion in your will to make the gift simple for you. A bequest reduces the size of your taxable estate. Therefore, the cost of your bequest may be offset by a reduction in state and federal death taxes.
Gifts in Kind
Many types of assets other than cash can be donated to the
Watershed Council, including:
- appreciated securities
- real estate
- tangible personal property such as art work, jewelry and the like
- life insurance
Gifts of the above, during your lifetime, qualify you for immediate income tax deductions, and also reduce the size of your estate thus avoiding estate taxes. Gifts In Kind are converted to cash by the Watershed Council to further our water quality protection programming.
Charitable Gift Annuities
It is possible to give a gift to the Tip of the Mitt Watershed Council with a simple contractual agreement that will allow you to support water resource protection programs and receive guaranteed lifetime payments for yourself or your designated beneficiary or beneficiaries. Gift annuities can be in the form of income, securities, or real estate, which provide potential tax advantages such as:
- An immediate charitable income tax deduction
- Payments that are partially tax-free or taxed at lower rates
- Reduction in estate taxes
- Reduction in capital gains taxes for appreciated securities that are gifted