Friends of Fort Clinch - Ways To Give

LEGACY GIVING

Leaving a legacy gift in your will or trust can make a lasting difference to Fort Clinch State Park. The Florida Department of Environmental Protection does not directly accept donations or bequeaths to support Fort Clinch State Park. That’s where the Friends of Fort Clinch, Inc. comes in as the official citizen support organization of Fort Clinch State Park. We serve the purpose, among others, of accepting private funds and utilizing them for the purpose designated.

Your legacy gift should be thoughtfully planned. Many gifts cost nothing now, there is no minimum contribution, and you are not locked into a decision you make today. Many good planning techniques are available, and you should choose the type of legacy gift that best suits your personal objectives.

The Friends of Fort Clinch, Inc. encourages donors to consult with their financial and tax advisors before making a legacy gift.

Benefits

Assets remain in your control during your lifetime
Modify your bequest to address changing circumstances
Direct your bequest to a particular purpose
No upper limit on the estate tax deduction

Some donors prefer to bequeath a certain percentage of the remainder of their estate — the amount that remains after paying all debts, costs, and other prior legacies. Some bequests can be a stated dollar amount, or you can bequeath specific property to the Friends.

Whichever form you prefer, you can direct that your bequest be used for the general support of our work or for a specific purpose supporting Fort Clinch State Park.

Estate Planning

Most legacy giving supporters make unrestricted gifts that allow us to use their funds for Fort Clinch State Park's most pressing needs. We are happy to discuss specific ideas you may have for your gift. To make an unrestricted bequest, consider using the following language in your estate plan:

“I bequeath $_________ or _____ percent of my residuary estate to the Friends of Fort Clinch, Inc. a 501(c)(3) not-for-profit organization, organized and existing under the laws of the State of Florida (Federal tax identification number 59-3126070, for its ongoing conservation and educational purposes.” [If you’d like to restrict your bequest for a specific purpose, please let us know.]

Individuals making legacy gifts via their estate plans are vital to our efforts supporting Fort Clinch State Park. If you plan to include the Friends of Fort Clinch, Inc. in your estate plans or already have done so, please let us know!

IRA Gift

It’s easy to designate the Friends of Fort Clinch, Inc. as a beneficiary of all or part of your 401k IRA or other qualified plan. You can obtain a Designation of Beneficiary Form from your retirement plan administrator and complete as directed.

Those, age 70-1/2 and older, with a traditional IRA, must take a mandatory minimum distribution. Donors can transfer funds from their IRA accounts directly to the charities of their choice without first having to recognize the distribution as income. Sometimes called an “IRA Rollover” or a Qualified Charitable Distribution (QCD), a gift made directly from your qualified IRA can lower your taxable income. Because distributions from retirement plans may be subject to income tax, it can be a good strategy to use these for charitable bequests and leave other assets to heirs.

Stocks Gift

Gifts of stocks, bonds or mutual funds can save on taxes. These types of securities gifted to the Friends of Fort Clinch, Inc. are typically sold and the proceeds used for its programs. You receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.

tangible Property

Some donors give land or other real estate or other valuable personal property such as vehicles, boats, antiques or jewelry. Let us turn those assets into a legacy. Typically, the Friends would sell the real estate or other tangible property and use the proceeds to fund our programs.

Friends of Fort Clinch - 2601 Atlantic Avenue - Fernandina Beach, Florida 32034

Friends of Fort Clinch, Inc., established in 1992, is a Florida Not For Profit corporation (EIN 59-3126070) and has been approved by the Internal Revenue Service as a 501(c)(3) tax-exempt, charitable organization. All or part of your gift may be tax-deductible as a charitable contribution. Please check with your tax advisor. A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling toll-free 800-435-7352 within the state. Registration does not imply endorsement, approval, or recommendation by the state.

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