Legacy Giving

Leave a Lasting Legacy for Future Generations

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Legacy giving to the Ventura Hillsides Conservancy is the perfect way to protect the wilderness and wildlife in Ventura for future generations! Individuals have used many different methods to designate the Ventura Hillsides Conservancy in their estate planning; what they share is a commitment to support continued preservation and protection of the open space in Ventura and the surrounding region.

Charitable giving is not only for the wealthy! Gifts large and small are important. Inspire and influence others by letting us know about your planned gift today.

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“There are so many wonderful things about living in Ventura – the unspoiled hillsides, beautiful beaches and strong sense of community. When our kids were growing up, our family shared many adventures exploring the wild lands surrounding our town. We have named the Ventura Hillsides Conservancy in our trust so that future generations can experience the same joy that our children had while exploring nature.”  - The Abing Family

Deferred Gifts

Often referred to as "a painless way of giving," deferred gifts provide many donors the opportunity to make an even greater contribution to the Ventura Hillsides Conservancy than they are able to do during their lifetimes. Types of deferred gifts include the following:

Bequests

This is the most popular form of planned giving because it is relatively simple and straight-forward. All you have to do is make a simple designation in your will or trust. Making a bequest costs nothing during your lifetime and is easily revocable if your situation changes.

You can name the Ventura Hillsides Conservancy in your will in any one of a number of simple ways: an outright gift of cash- either a designated dollar amount or percentage of your estate; gifts of securities, bonds, real estate, or other property; VHC can be named as a “remainder beneficiary” to receive funds only after specific sums have been paid to individuals; you can make a “lifetime bequest” which is a combination of a gift or pledge now plus an estate gift later to facilitate and maximize the impact of your gift. The Ventura Hillsides Conservancy can easily be added to your will through an amendment called a codicil.

Life Insurance

A tax-deductible gift of whole or universal life insurance can be made by naming the Ventura Hillsides Conservancy as owner and beneficiary of your insurance policy. You can purchase a new policy or donate a policy that you currently own but no longer need.

IRA, 401(k) or Pension Plan

Retirement funds paid to your children at your passing may be subject to income and estate taxes, but are tax-free to the Ventura Hillsides Conservancy. Funds left to children may be subject to income and estate tax of 70% or more. You can avoid both income and estate tax on the remainder left in your retirement plan if you make the Ventura Hillsides Conservancy the beneficiary.

Charitable Gift Annuities

You can guarantee a fixed income for your life (and your spouse's life) simply by transferring cash or appreciated securities in exchange for a charitable gift annuity. A gift annuity offers two benefits: an immediate and substantial income tax deduction and income for life.

Charitable Remainder Trusts

You can fund a charitable remainder trust with cash or property and receive income from the assets for your lifetime, while qualifying for a charitable deduction, and reduce potential capital gains and estate taxes. Upon your death and/or that of a loved one, the trust assets will be distributed outright to the Ventura Hillsides Conservancy.

Charitable Lead Trust

You can transfer assets to a trust that makes payments to the Ventura Hillsides Conservancy for a specified number of years, after which time the assets are transferred to your heirs, with little or no estate and gift taxes. This arrangement can make good sense for anyone in the top estate and gift tax brackets.

Cash

Gifts of cash are fully deductible up to 50% of your adjusted gross income; any excess maybe carried over and deducted for as many as 5 subsequent years.

Gifts of Stock

A gift of stock owned one year or longer generally offers two benefits: You receive an income tax deduction for the fair market value of the stock, and you avoid paying capital gains tax if the stock has appreciated in value.

Gifts of Real Estate

You may own a residence, vacation home, acreage or vacant lot that has no particular conservation value, but that has appreciated over the years and therefore, selling it would mean a sizeable capital gains tax. By donating such land, you may avoid capital gains tax and may also receive a charitable deduction for the fair market value of the property.

Contact- For more information, please contact Derek Poultney, VHC Executive Director, at (805) 643-8044 or by email derek@venturahillsides.org.

Ask a trusted advisor for assistance in completing a deferred gift. For example, your attorney may assist you with your will; your financial planner, broker or insurance agent may assist you with naming the Ventura Hillsides Conservancy as beneficiary of your retirement account, IRA or insurance policy, as appropriate. (The Ventura Hillsides Conservancy cannot provide legal or tax advice.)

 

 


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