Planned Giving - Chesapeake Bay Trust Skip to main content

Plan ahead for maximum impact and for a cleaner, greener Bay in perpetuity.

 

Your planned gift can honor loved ones, celebrate your most cherished moments near the water, reflect a life’s work, and provide significant immediate and long-term benefits for you and your descendants. Through careful gift planning, you may enjoy substantial income tax savings, reduce or eliminate estate taxes, and reduce capital gains taxes on appreciated assets, all while empowering communities to restore nature. Your planned gift will likely allow you to make a larger contribution to the Chesapeake Bay Trust than would otherwise be possible.

Have you already included us in your estate plans? Please let us know so we can acknowledge and recognize your commitment!

CHARITABLE BEQUEST

Designate the Chesapeake Bay Trust as the or one of several beneficiaries of your estate. You may want to consult with your estate attorney to explore the bequest methods most advantageous to you and your heirs.

DONOR ADVISED FUND

Your financial advisor or fund manager can help you recommend a grant to the Chesapeake Bay Trust.

GIFTS FROM YOUR IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. Please contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

LIFE INSURANCE BENEFICIARY

You can leave a significant legacy by donating a paid-up policy you may have outgrown, or by naming the Chesapeake Bay Trust as a beneficiary of an insurance policy. Life insurance paid to a charity is not subject to federal estate tax and you may be able to receive an income tax deduction for your premium payments.

DONOR ADVISED FUND BENEFICIARY

To support Bay restoration efforts through your DAF in perpetuity, you may name the Chesapeake Bay Trust as the successor beneficiary or designate us to receive a portion of the funds as you leave the balance to your descendants and other loved ones.

RETIREMENT PLAN BENEFICIARY

By naming the Chesapeake Bay Trust as a beneficiary of your retirement plan (401K, 403B, IRA), the assets (which may be taxed much more heavily than other estate assets) may avoid estate and income tax. Recent changes to tax laws also make lifetime gifts of retirement assets attractive in certain cases. Contact your plan administrator, as a simple form is required.

Contact Suzanne Armstrong, Vice President of Development, for more information or to share your estate plans with the Chesapeake Bay Trust.

 

Disclaimer: The information provided on this site is not intended to be legal or tax advice. Please consult with your financial and legal advisors in developing an estate plan that is right for your circumstances and those of your heirs.

For reference, the Chesapeake Bay Trust’s Tax Identification Number is 52-1454182
VEIW THE CHESAPEAKE BAY TRUST'S INVESTMENT AND GIFT POLICIES
Close Menu