There are numerous ways to to support the long-term success of Fairchild Tropical Botanic Garden. Below are a few examples of gift structures that may work for you.
Bequests are the simplest of Planned Gifts. You may choose to include Fairchild in your will or trust as recipient of a specific value or percentage of your estate. This may potentially lower your estate taxes. Your gift may be restricted towards a particular program that you identify with. If you would like to restrict your gift, please contact us so that we may help align your gift in the best possible way.
Sample Bequest Language
I give, devise and bequeath to Fairchild Tropical Botanic Garden, for the support of Fairchild Tropical Botanic Garden in Coral Gables, Florida, the sum of $_____________; OR, ___________% of the residue of my estate; OR, my interest in (describe property and exact location of specific property).
Cash donations to Fairchild’s endowment help secure the long-term success of the garden while securing, in most cases, an income tax charitable deduction for the full value of the gift. Cash gifts are one of the simplest gifts to make.
Charitable lead trusts are established when you allocate assets to a trust. One or more charities, as designated by the donor, receive payment dispersals from this trust. When the trust’s lifetime is reached, the assets then pass to the donor or designated individuals.
Charitable remainder trusts are established when you allocate assets to a trust. Payments from the trust are distributed to the Donor (or other individuals) for life or for a term of years. When the end of the trust’s lifetime is reached, the remainder of the trust is passed on to Fairchild.
Real estate You may choose to give Fairchild a gift of Real property. If you deed your property to Fairchild, you may choose to remain in your home for life. This is called a retained life estate and will create an income and federal tax deduction for you.
Life insurance If you own a fully paid life insurance policy that you may no longer need you may choose to name Fairchild as a beneficiary to all (or a percentage) of policy. You may receive a charitable estate tax deduction for the portion you designate to Fairchild.
Retirement plan assets Choose to name Fairchild as a beneficiary of your retirement plan assets and receive the appropriate charitable estate tax deduction.
Savings bonds There are fewer tax consequences in transferring savings bonds to Fairchild than to individuals.
For more information about ways to give, please contact:
Mr. Leslie Bowe, Director of Corporate and External Affairs, 305.663.8067, firstname.lastname@example.org.