Give a gift that lasts a lifetime. When you give through your will or estate, you become part of our family. A gift to Central Coast State Parks Association in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations.
How it Works
- Include a gift to Central Coast Parks Association in your will or trust.
- Make your bequest unrestricted or direct it to a specific purpose.
- Indicate a specific amount or a percentage of the balance remaining in your estate or trust.
- Tell us about your gift so we may celebrate your generosity now.
Benefits
- Your assets remain in your control during your lifetime.
- You can modify your gift to address changing circumstances.
- You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
- Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Please let us know if you have already included Central Coast State Parks Association in your estate plan or if you are considering doing so. We would love to hear from you!
Sample Gift Language for your Will or Revocable Living Trust
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Central Coast State Parks Association (Tax ID #51-0198869), located in San Luis Obispo, CA, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Specific Gift Language
Naming Central Coast State Parks Association as a beneficiary of a specific amount from your estate is easy:
I give and devise to Central Coast State Parks Association (Tax ID #51-0198869), located in San Luis Obispo, CA, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).
Contingent Gift Language.
Retirement Plan Beneficiary Language
You may name Central Coast State Parks Association (Tax ID #51-0198869) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming Central Coast State Parks Association as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Central Coast State Parks Association as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support Central Coast State Parks Association free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Central Coast State Parks Association. We can also assist you with the proper language for your beneficiary designation to Central Coast State Parks Association.
Customized Language
If you or your attorney would like Central Coast State Parks Association to provide you with customized beneficiary language that is specific to your goal and interest, please contact Kristin Howland, Executive Director by email ed@centralcoastparks.org or by phone (805) 548-0391.
Every individual has unique needs and goals. Your legal, financial and/or tax professionals can advise you on which solution is best for your situation. We are not engaged in legal or tax advisory service and cannot provide legal or tax advice.
Contingent Gift Language
The Central Coast State Parks Association can be named as a contingent beneficiary in your will or living trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to the Central Coast State Parks Association (Tax ID #51-0198869), located in San Luis Obispo, CA, the sum of $ _______ (or all, or a percentage, or the residue of my estate) to be used for its general support (or for the support of a specific fund or program).
Beth and Tom are revising their will. They value the programing the docents in their local state parks have provided and want to give a lasting gift to support programming for future generations. They decide to leave a portion of their estate to be used for School Groups Transportation funding. They contact their estate lawyer and ask them to include the following language in their will. “I give and devise to Central Coast State Parks Association (Tax ID #51-0198869), located in San Luis Obispo, CA, the sum of $15,000 to be used to help fund the School Groups Transportation Grant.”