The term “planned giving” refers to charitable gifts that require some planning before they are made. Planned gifts allow you to make a significant gift to the Franklin Land Trust, and may offer you current income or allow you to retain the asset for personal use during your life. Please consult with your financial, legal and tax advisors before making any planned gift.
If you have made a planned gift to the Franklin Land Trust, or intent to do so in the future, please contact us so that we may include you as a member of our Legacy Society.
When you decide to leave assets in your will to support the work of the Franklin Land Trust, you are making a bequest. You may decide to leave a specific amount or a portion of your residuary estate to the Franklin Land Trust. We are able to provide your attorney with the appropriate language to include in your will. All bequests to the Franklin Land Trust can reduce federal estate taxes, and there is no limitation on the size of the gift. Please consult with your attorney and financial advisor regarding your estate tax circumstances.
I, __________________ give to the Franklin Land Trust, Inc., with its principal offices at 5 Mechanic Street, Shelburne Falls, Massachusetts 01370, the sum of $________________ or ________% of my residuary estate (or an accurate description of securities, real estate or other property given) for its general purposes without restriction.
I, __________________give to the Franklin Land Trust, Inc., with its principal offices at 5 Mechanic Street, Shelburne Falls, Massachusetts 01370, the sum of $________________ or ________% of my residuary estate (or an accurate description of securities, real estate or other property given). This gift shall be used for _____________________ (describe in broad general terms the desired purpose here).
A Charitable Gift Annuity is a contract between you and the Franklin Land Trust. You transfer cash or negotiable securities in exchange for the promise by the Franklin Land Trust to pay a fixed payment for life to you or to a friend or family member as beneficiary. Annuity payment amounts are based on the size of the gift and the age of the beneficiary. You receive an income tax deduction at the time that you make the transfer.
You can also create a Deferred Charitable Gift Annuity to begin payments at least one year and a day after creating the annuity. The longer you defer the initiation of the payments, the more the annuity payments and your income tax deduction increase. Younger donors often prefer Deferred Gift Annuities – they can take a charitable deduction when the annuity is set up, during higher income years, and the annuity payments can begin at retirement, to supplement retirement income.
A Charitable Remainder Trust is an irrevocable trust that pays you or someone you designate either a fixed percentage of the value of the trust (unitrust) or a fixed payment (annuity trust) annually for life or a term of years, after which the assets are given to the Franklin Land Trust. You receive an immediate income tax deduction at the time you transfer assets to the trust. Charitable Remainder Trusts are a good way to provide a stream of income to a family member for a period of years while benefiting the Franklin Land Trust with a significant gift.
A Charitable Lead Trust is an irrevocable trust that pays the Franklin Land Trust a stream of income for your lifetime or for a set number of years, after which the assets revert to you or to someone you designate. The payment can be set as a percentage of the value of the trust or as a fixed annual payment. You receive an immediate income tax deduction upon the transfer of assets to the Charitable Lead Trust. This vehicle is an excellent way to make a gift to the Franklin Land Trust and to transfer assets to your children and grandchildren without having to pay estate taxes on the assets.
Our Legacy Society members are a group of special people who have made a lifelong commitment to FLT by including it in their estate plans. They understand the importance of land conservation and want to do something that will make a real, lasting difference in this region. As a member of this group, you will have made an important decision to include FLT in your plans. Your commitment will have lasting rewards for generations to come.
Please call the Land Trust office at 413-625-9151 and ask to speak to the Executive Director, Rich Hubbard or Development Director, Mary Lynn Sabourin.
The Franklin Land Trust is a 501(c)3 nonprofit organization tax ID#22-2744488.