Alachua Conservation TrustAlachua Conservation Trust

ACT protects the natural, historic, scenic and recreational resources in and around Alachua County, Florida

7204 SE County Road 234 :: Gainesville, Florida 32641 :: Phone 352.373.1078

Planned Giving Helps Protect Our Special Places

Incorporating Alachua Conservation Trust in your estate plan will allow future generations to explore and enjoy the unique character of our natural and historic landscapes. Making a planned gift is also an important way for you to maximize the financial rewards of your philanthropy. There is a wide range of tax and income incentives the federal law provides to encourage your generous support of ACT.

Listed below are some of the most common bequest and trust arrangements. This is basic information and ACT recommends you consult your attorney and your tax or financial advisers to establish an estate plan specific to your interests and needs.

Wills & Bequests
A will enables you to:
    • direct the distribution of your assets
    • provide for your heirs in the way you choose rather than as state and federal laws dictate
    • possibly reduce or eliminate certain estate taxes and court costs, and
    • designate a portion of your assets as a gift to your favorite charity.

Testamentary gifts to ACT or other charities can take many forms, either through a new will, or through a ‘codicil’ - an amendment to your existing will.
Cash Bequest
ACT receives a specified dollar amount.

Specific Bequest or Devise of Property
ACT receives specified assets, such as securities, an interest in real estate (such as a residence or land), or tangible personal property.

Residuary Bequest or Devise
ACT receives all or a percentage of the remainder of your estate after specific legacies, debts, taxes, and estate expenses have been paid.

Contingent Bequest or Devise
ACT receives a gift according to the language of the bequest. There are a wide variety of conditions that you could place on such a bequest. For example, if you outlive other named beneficiaries, then part or all of your estate would benefit ACT.


Examples of Testamentary Language
The following are examples of language that can be included in your will or trust and tailored to address your specific interests:

Unrestricted Bequest
I give and bequeath to Alachua Conservation Trust, a non-profit organization (Tax ID #59-2919630), with a principal business address of 12 West University Ave., Suite 201, Gainesville, FL 32601, for its general purposes, the sum of ____ Dollars ($____) - OR - __% of my residuary estate.
An unrestricted bequest allows your support to be used in the area of greatest need.

Restricted Bequest
I give and bequeath to Alachua Conservation Trust, a non-profit organization (Tax ID # 59-2919630), with a principal business address of 12 West University Ave., Suite 201, Gainesville, FL 32601, the sum of ____ dollars ($___) - OR - __% of my residuary estate to support ______________ (e.g, education, conservation, recreation, historic preservation).
If you have a more specific purpose in mind, please contact us so we can work with you to ensure that your wishes are met.

Bequest of Specific Assets
I give and bequeath to Alachua Conservation Trust, a non-profit organization (Tax ID # 59-2919630), with a principal business address of 12 West University Ave., Suite 201, Gainesville, FL 32601, for its general purposes, ____________________.
Include specific details, such as the address of a vacation home or the title and artist of any piece of art.


Tax Benefits
Your bequest to ACT may qualify your estate for a charitable deduction equal to the entire amount of the bequest. Consult your tax or financial adviser for further information.


Charitable Remainder Trusts & Charitable Lead Trusts
As an alternative to an outright bequest, consider establishing either a charitable remainder trust or a charitable lead trust during your lifetime or through your estate plan.

Charitable Remainder Trust
One or more named beneficiaries receive income for life or for a specified term of years, after which time the assets pass to ACT. Through this arrangement, you can provide income to family members or friends, realize significant tax savings, and ensure important benefits to ACT after the trust’s termination.

Charitable Lead Trust
Income from the trust is paid to ACT for a period of years, after which time the assets pass to your heirs, usually your grandchildren, at a reduced estate tax cost. By substantially reducing estate and other transfer taxes, this arrangement allows you to preserve a larger portion of your estate for your beneficiaries.


Retirement Plans
IRAs, 401(k)s, 403(b)s, Keoghs, and other retirement plan assets make up an increasingly large part of many estates. When left to your heirs, these assets can be subject to income, estate, and other transfer taxes. Naming ACT as a beneficiary or contingent beneficiary of all or a percentage of your plan assets may reduce or eliminate both income and estate taxes. Note that designating a specific dollar amount, rather than a specified percentage, may result in the inclusion of these funds in your gross estate for tax purposes.

To designate ACT as the beneficiary of some or all of your retirement plan funds, please use the following language on the retirement plan forms:

To the Alachua Conservation Trust, a non-profit organization (Tax ID # 59-2919630), with a principal business address of 12 West University Ave., Suite 201, Gainesville, FL 32601, for its general purposes - OR - to support _________________ (e.g., conservation, recreation, education, historic preservation).

Retirement plan assets can also be placed in a testamentary charitable remainder trust to provide income to your heirs for life or a specified term of years with the remainder interest passing to ACT.


Life Insurance
Life insurance is another asset that could be used to support ACT, especially when a policy no longer serves its original purpose. Such gifts often provide certain tax benefits as well. To designate ACT as the primary or contingent beneficiary of some or all of your life insurance policy, use the same language that is suggested above for use in designating retirement plan assets.


Additional Guidance
To find out more about planned giving options, please consult your attorney and your tax or financial advisers. You can also ask your attorney or financial adviser to contact us. Inquires are confidential.

If you have included ACT in your will or estate plan, please let us know. The details are your planned gift are not necessary, we simply want to thank you and recognize your generosity and support of our mission.

Thank you for considering ACT in your planned giving