The Edisto Island Open Land Trust’s ability to protect an ever-growing network of lands largely depends on the foresight and generosity of today’s visionaries—our supporters—who are willing to consider new ways to make gifts that will have a lasting impact on keeping Edisto Island scenic, natural and rural. If you are interested in discussing your support of the land trust, please feel free to call or email our Executive Director, John Girault at 843-869-9004, or firstname.lastname@example.org.
Bequests in Wills and Living Trusts
You can name the Land Trust as a beneficiary in your will or living trust. A bequest can be a specific sum, a percentage of your estate, or the remainder of your estate after expenses and gifts to loved ones. Bequests can include cash, securities, real estate, houses, and personal property. The terms of a bequest made through a living trust can be put into effect immediately upon your death, bypassing probate and keeping the terms private.
Gifts of Insurance
You can name the Land Trust as a beneficiary of a life insurance policy or annuity for death proceeds. You can set up the policy so that 100 percent of the benefit comes to us or divide the benefit so that we are one of two or more people or charities benefiting from your thoughtfulness. You are free to change beneficiaries at any time. You own the policy and make payments directly to the insurance company. Proceeds that come to the Land Trust will not be subject to an estate tax.
You can transfer ownership of an existing policy to the Land Trust. Many people choose this option if they have a life insurance policy that contains a benefit they no longer want or need. We would continue paying any ongoing premiums necessary to fund the policy or surrender the policy for its cash value. You receive an income tax deduction for the gift of the policy up to the cash basis or what you paid for it. This method allows you to create a legacy out of a life policy and remove proceeds from your taxable estate.
Gifts of Cash or Marketable Securities
Gifts may be applied to the Land Trust’s general purposes or restricted to a designated purpose—for example, gifts to the Acquisition Fund or Stewardship Fund.
Name the Land Trust as a beneficiary of your IRA or other qualified retirement plan. You will continue to receive benefits during your lifetime. After your lifetime, the balance in your plan passes on to the Land Trust.
You can help charities by taking advantage of deductions for donations of office furniture, desks, tables and other furniture.
For more information on these and other ways of supporting the Land Trust, call our Executivie Director, John Girault at 843-869-9004 and ask for information or our account number for marketable securities. We encourage you to consult with your financial advisor to determine which planned giving strategy best suits you and your family.
Benefits of Planned Giving
- Lifetime Membership to EIOLT
- Recognition in our Spring Newsletter
- The great feeling that you are a part of preserving Edisto's future.
- A complimentary subscription to the Edisto Island Open Land Trust newsletter
- Special invitations to community, members' and educational events
- Reduced ticket prices for EIOLT's annual Oyster Roast.
- All or part of your gift may be deductible as a charitable contribution. Please check with your tax advisor.