Planned Giving: Leaving a Legacy

Perhaps you choose to live in northern Michigan or spend time here because the land inspires you. Maybe you feel connected to the land through family memories, a hiking trail, a pristine stretch of river, or your favorite stretch of shoreline.

As you think about the past and ponder your vision for the future, you may be considering how you can make a significant difference in conserving what makes northern Michigan so special — its unparalleled lakes, rolling hardwoods, scenic highways and blue-ribbon trout streams.

While planned gifts take many forms, they are the result of careful planning and an intention to make a lasting gift. These could include bequests made in a will, naming the Little Traverse Conservancy as a life insurance beneficiary, or using tax-wise giving options such as charitable gift annuities or remainder trusts.

Conservancy supporters who have made planned gifts have had an extraordinary impact on our work. Proceeds from planned gifts fund our endowment, ensuring our continued long term success and stability. Planned gifts help ensure that the Little Traverse Conservancy is stable and equipped to steward our many nature preserves, monitor our perpetual conservation easements, and continue to preserve significant natural and scenic lands in northern Michigan

  • Giving during your lifetime allows you to see the benefits of your gift.
  • Giving during your lifetime allows you to personally be involved with the Conservancy, ensuring your gift is used as you see fit.
  • Giving through your estate after your death provides clarity for surviving family members about your charitable intent.
  • Giving through your estate after your death supports the long-term sustainability of the Conservancy.
  • Giving through your estate after your death may reduce estate taxes.
  • A life income gift allows you to gift assets – including cash, securities or real estate – in exchange for a stream of income, with the remainder of the funds supporting the Conservancy.
  • Examples of life income gifts are charitable gift annuities, pooled income funds and charitable remainder trusts.
  • Diversification of your assets without incurring capital gains taxes
  • Lifetime income
  • Immediate income tax benefits
  • Reduction of estate tax
  • Meaningful support of the Conservancy
  • Working with your estate planning attorney or financial advisor, you can simply add an amendment, called a codicil, to your will or living trust.
  • Your bequest intentions  are completely under your control during your lifetime.
If you’ve already included the Conservancy in your estate plans, thank you very much — and please let Ty Ratliff, Director of Donor Relations, know. Sharing your plans with the Conservancy helps us to better assess our long-term financial picture and ensures our records reflect your intentions.  tyratliff@landtrust.org or 231.344.1005.

earllarsonA Meaningful Gift –
A Mindful Investment.

Earl Larson was one of the founding members of the Little Traverse Conservancy, and he has many fond memories of his role helping the organization form and get rolling forward nearly 44 years ago. In 1999 Earl and his wife Barbara retired from their work in Harbor Springs and moved to the tiny town of DeTour Village in the eastern Upper Peninsula. He and Barbara then focused on their philanthropic goals which included a scholarship fund to Lake Superior State University and a Charitable Remainder Annuity Trust to the Little Traverse Conservancy – the first such planned gift ever received by the Conservancy.

I believe that using the annuity as a form of gifting was a three-way “win”. First, the yield is extremely good and gets better as you age. In my case the yield was superior to the stocks I was holding.  The second “win” is for your spouse: the annuity payments continue to them even after your death.  The final “win” is that you are giving funds to a terrific organization that is devoted to protecting the countryside you love – and ensuring that this countryside will be there to be loved and enjoyed by your children and grandchildren.”  ~ Earl Larson

Bequests are very flexible, and like the Larson’s Charitable Remainder Annuity Trust, come in several types and scenarios.  There are many Planned Giving options that can deliver significant benefits to the Little Traverse Conservancy and provide tax benefits to the donor.  You can make a planned gift during your lifetime, or through your will and estate plan. Advanced and thoughtful planning offers you an opportunity to support the Little Traverse Conservancy knowing your gift will further the organization’s mission for years to come.

Please contact us to find out what option might work best for you.
Ty Ratliff, Director of Donor Relations
tyratliff@landtrust.org     231.344.1005

Little Traverse Conservancy, Inc.
A qualified 501 (c) 3 Michigan non-profit organization.
Tax ID # 23-7267810