Testamentary gifts

Bequests

A bequest in your will would enable you to make a gift in support of Western Reserve Land Conservancy or, more specifically, one of the Land Conservancy’s programs.  Here is an example of the language you could use for this:  “I give and bequeath to Western Reserve Land Conservancy, Moreland Hills, Ohio, the sum of ($         or         %) to support its exempt purposes (or insert name of program, such as farmland preservation, stewardship or Thriving Communities Institute).”

Life insurance

There are several ways to make a gift to Western Reserve Land Conservancy with life insurance. If you donate a paid-up life insurance policy to the Land Conservancy, you can deduct the cash value of the policy at the time of the gift. You could also purchase a new life insurance policy and then transfer ownership to Western Reserve Land Conservancy.  If there are still premium payments due, you could make annual gifts to the Land Conservancy to help cover the cost of those premiums, which also would be tax-deductible to you.

Retirement plan assets

Designating Western Reserve Land Conservancy as a beneficiary in a retirement plan can offer you substantial value.  Family members usually receive only 25 percent to 30 percent of the value of an IRA or retirement plan once applicable estate and income taxes are paid.  Much of this tax can be avoided if the assets are instead used to fund a bequest to the Land Conservancy.

Return to Ways to Give

Contact us

We are happy to work with you to find the giving opportunities that best fit your needs and those of your family.  The gift options included here represent some of the most common means of charitable giving, but there are others you may want to consider.  We encourage you to discuss your giving options with your financial advisor.  In addition, please feel free to ask your financial advisor to contact us at Western Reserve Land Conservancy for more information.