Schor Oak Tree
Illustrations by Roberta Wilson

GIFT PLANNING – A LASTING LEGACY

A Lasting Legacy-Planned Giving and Estate Planning

Since 1986, the Columbia Land Conservancy has been working to conserve the farmland, forests, wildlife habitat and rural character of Columbia County, strengthening connections between people and the land. Our goal is to ensure that Columbia County will be a strong and vibrant rural community, where agriculture plays a central role in the economy, where development respects historic traditions and natural resources, and where there are accessible open spaces and abundant, healthy natural lands and wildlife habitats.

If you share this vision, you can make the conservation of Columbia County’s exceptionally scenic landscapes and rich ecological resources a vital part of your own legacy by making a planned gift to CLC. A planned gift is a good way to ensure that future generations will continue to enjoy the unique character of Columbia County. It is also an important way for you to maximize the financial rewards of your philanthropy. These gifts are structured to help you realize the full range of the tax and income incentives provided by law to encourage your charitable giving.
Oak Leaf and Acorn

Jonathan Schor Society

Jonathan Schor was a long time trustee and devoted CLC supporter. He was passionately committed to our conservation mission. Jon made several generous gifts to CLC in his lifetime, and when he passed away in 2004 he made a substantial bequest, which included Schor Conservation Area. Columbia County will forever benefit from Jon’s deep and abiding love of the land, nature, and community work.

If we don’t act now, there won’t be much to talk about.

Jon Schor

CLC would like to recognize other dedicated supporters who have chosen to leave a legacy for the future of Columbia County by welcoming them to the Jonathan Schor Society. Schor Society members enjoy a unique relationship with the organization, and are invited to attend special events and programs that provide an opportunity to become more intimately involved in our work.

If you have already made a provision for CLC in your estate plan, please let us know so that we may acknowledge your gift and include you as a member of the Jonathan Schor Society. Thank you! However you choose to give to CLC, we are grateful for your investment in Columbia County’s future. Your planning today helps ensure that its special qualities will be protected for future generations.

Your gift will truly be a lasting legacy.

Looking Forward

The development staff at CLC can help you plan for tomorrow and receive maximum benefits today. If you have questions about planned giving options, or if you would like to make a gift to the CLC, please contact Peter R. Paden at 518.392.5252 ext. 213 or peterpaden@clctrust.org. CLC strongly recommends that you consult with your attorney, accountant and/or financial advisor in evaluating which options might be appropriate for you and in implementing a planned gift.

Ways to Give

Gift TypeDescriptionConservation BenefitPossible Benefits to You
Charitable IRA RolloverIndividuals who are at least 70 ½ years old may transfer up to $100,000 from a traditional or Roth IRA to a 501(c)3 public charity.Funds assist CLC with meeting immediate conservation and programmatic priorities.In December 2012, Congress extended tax-free distributions from Individual Retirement Accounts for charitable contributions through 2013. Annual tax-free distributions to charity from an IRA, up to $100,000 per taxpayer are allowed.
Cash GiftsOutright giftGift is immediately available for ongoing programs and activities.Income tax deduction and potential offset in capital gains tax.
BequestsLeave certain assets to CLC in your willBequests enable CLC to plan for future conservation projects and activities. Bequests of land allow CLC to create a public conservation area on your property or to protect your property with an easement and sell it to generate valuable income. Anyone considering such a gift should consult with CLC staff before finalizing arrangements.Retain ownership and management of assets during your lifetime. In certain instances, Section 2031(c) of the Internal Revenue Code allows beneficiaries to exclude up to 40 percent of the otherwise taxable value of land (not structures) that is permanently protected with a qualifying conservation easement from the estate. There are a number of criteria that must be satisfied to qualify for this exclusion, and therefore individuals interested in Section 2031(c) should work with their tax advisors or estate planners to explore this option in more detail.
Tangible Personal PropertyGifts of personal property such as automobiles or jewelryProceeds from sale of personal property benefit conservation programs.Full value of items can be deducted from donor’s taxable income.
Marketable SecuritiesGifts of securities such as stocks, bonds, and mutual fund sharesProceeds from sale of securities benefit conservation programs.Tax deduction based on the mean between the lowest and the highest share price on the day of the transfer.
Charitable Remainder TrustYou place assets in a trust, managed by an outside trustee. The trust pays you income during your lifetime, after which the remaining assets are donated to CLC.Trust proceeds support CLC and enable CLC to incorporate donation into land protection planning.Receive income; part of gift is tax-deductible; avoid capital gains on appreciated assets donated to trust; flexible term (lifetime or set number of years); opportunity to diversify assets; and potentially increased income.
Charitable Lead TrustAnnual income from a trust is paid to CLC during your lifetime, after which the remaining principle is given to a non-charitable beneficiary (or beneficiaries) such as children.Annual payments from the trust support conservation programs.Reduced income, gift, or estate tax; family and/or beneficiaries retain ownership of the assets.
Retained Life EstateYou make a gift of real estate and retain the right to live on the property for life or a set number of years.Allows CLC and donor to plan for the appropriate use of the land donation and support conservation in Columbia County.Property removed from taxable estate; income tax deduction; avoidance of capital gains on transfer of property; retained use of property.

Note: This information is intended as general information, not specific legal or financial advice. You should consult your financial and/or legal adviser as to which options may be most beneficial for you.