A planned gift to Toxic-Free Future is a powerful and thoughtful way to share your dedication to Washington’s environmental health with future generations.
One of the easiest ways to protect our environment is to leave a charitable bequest to Toxic-Free Future. A bequest is a gift to an individual, institution or charity from an individual’s estate after the group has been named as a beneficiary in his or her will.
A bequest to Toxic-Free Future is free from federal and state taxes. The amount of the bequest is deducted from your estate total, offering substantial savings by decreasing the value of the estate subject to taxation. There is no limit to the amount of your estate that can be left to charitable organizations.
For gifts that take effect after your lifetime, we suggest you name Toxic-Free Future as follows: “…Toxic-Free Future, a nonprofit membership organization, incorporated by the laws of the State of Washington, having as its principal address 4649 Sunnyside Avenue North, Suite 540, Seattle, WA 98103.”
You can name Toxic-Free Future as a beneficiary of your 401(k), IRA, or other retirement accounts. Gifts from pension plans are issued free of federal taxes.
Life insurance policies allow several ways to give. You can donate a paid policy that you no longer need (smaller policies are often set up during child-raising years to provide support for spouses) by naming Toxic-Free Future as the beneficiary and policy owner. In return, you will receive an immediate tax deduction based on your cost basis in the policy, and it will reduce the value of your estate by the full face value of the policy, potentially reducing estate taxes. Upon your death, the life insurance proceeds will be passed on to Toxic-Free Future.
We suggest that you involve a legal advisor in making changes to your estate. If you have any questions about how these gifts are accepted or used at Toxic-Free Future, please contact our outreach director at email@example.com or (206) 632-1545 x117. Thank you!