Planned Giving for Your Future and Ours
The League offers ideas and arrangements through which individuals can provide for the League in their financial and estate plans. A few of the possibilities are listed below. To receive copies of our free planning brochures, click here.
Tax-Free Through Your
IRA
If you’re an IRA owner age
70½ or older, here’s a great opportunity to
support the conservation programs you care
about: Through the end of 2011, you can
make tax-free distributions of up to $100,000
from an IRA to qualified charitable
organizations, such as the League! Here
are the details:
- Donors must be age 70½ or older on the date of the distribution
- A maximum of $100,000 per year per taxpayer may be distributed to qualified charitable organizations (Couples with separate IRAs can each gift up to $100,000 per year)
- Distributions must be transmitted directly from your IRA's plan administrator to the charity before the end of 2011
- Distributions to charity can be applied to satisfy required minimum distribution (RMD)
- Receipt from the charity is required for a donor to substantiate a charitable IRA distribution
- Opportunity for IRAs only – this does not apply to other forms of retirement plans such as 401(k), 403(b), etc.
- Because no income is reported on the donor's tax return, donors do not receive a charitable income tax deduction for the distribution
How to Make a Gift: Tell your IRA manager to distribute funds directly to The Izaak Walton League of America. You’ll need our Employee Identification Number (EIN): 36-1930035.
Don’t forget to tell us of your charitable intentions, so we can properly acknowledge your wonderful generosity! Please also remember that in considering the tax implications of any charitable gift, you should always contact your tax advisor.
For more information, or to hold a
confidential discussion, please
contact:
Nathan Truitt
Director of
Development
Izaak Walton League of
America
(301) 548-0150 x 230
ntruitt@iwla.org
A Gift Through Your
Will
One of the simplest ways to
make a gift to the League is through your will.
Bequests can take the form of cash, securities,
life insurance, land or buildings. You may
designate the League as a direct beneficiary to
receive all or a portion of the residual of
your estate, or just simply to be the
contingent beneficiary in the case that your
named family or friends do not survive you. Click here
to request a free brochure on giving through
your will.
The following language can be used to provide for the League in your will:
"I hereby give and bequeath ______ to the Izaak Walton League of America (IWLA), a nonprofit membership organization incorporated by the laws of the State of Illinois, having as its principal address 707 Conservation Lane, Gaithersburg, Maryland 20878-2983, for the IWL Trust."
Gifts of Stock
You can
donate stock to the League. This will help save
on capital gains taxes on appreciated
investments and provide a charitable income tax
deduction.
Life Insurance
Gifts
Giving a life insurance
policy is a way to donate a large sum at
relatively little cost to you. You can donate
an existing policy that no longer is necessary
for a family's financial security, making
future premiums on the policy tax-deductible.
Click
here to request a free brochure on giving
through your life insurance.
Gifts of Real
Estate
Almost any type of real
property, whether a personal residence, farm,
vacation home, commercial building or
undeveloped parcel of land, can be contributed
to the League. This type of gift provides
substantial tax savings. You can also arrange
to live in your personal residence, farm, or
vacation home for the remainder of your life
and spouse's life.
PLEASE NOTE: We recommend that you contact your attorney or financial advisor when considering such donations. The League cannot serve as an executor of a donor's estate.