The most familiar planned gift is the bequest in a will. It is a simple transfer of funds or property directly through the administration of your estate. While surprisingly many people do not take time to create a will, creating a will and bequest is fairly easy to do. If you plan to create a will, or already have a will and wish to benefit Florida Wildlife Federation via an amendment (known as a codicil), we recommend the following language:
“I bequeath to the Florida Wildlife Federation, a non-for-profit organization (EIN 59-1398265) located in Tallahassee, Florida the sum of $_____________ (alternatively: “_________% of my residuary estate) for the unrestricted purposes of the organization.”
Other ways to give include making the Florida Wildlife Federation the beneficiary of your retirement account, life insurance policy, or appreciated investments. Many people no longer have use of their insurance policies, and once again the process to turn them into a gift to Florida Wildlife Federation is simple. Simply contact your agent and change the beneficiary to Florida Wildlife Federation.
There are even more ways to customize your legacy gift to the Florida Wildlife Federation. Both Charitable Gift Annuities and Charitable Trusts may be used and may carry significant tax benefits. Please discuss these options with your financial advisor.