If you would like to protect land in and around Davidson — and thereby protect clean water, clean air, wildlife habitat, local food sources, historic landscapes and scenic beauty — please consider a planned gift to the Davidson Lands Conservancy. The DLC would be very grateful to be a beneficiary of any planned giving strategy you choose to pursue. The strategies outlined below are mere sketches designed to suggest some giving possibilities. Please contact Roy Alexander, the Executive Director of the DLC, to discuss these and other options.
The Davidson Lands Conservancy is a 501(c) 3 tax-exempt non-profit organization. Donations are tax deductible to the full extent of the law.
Please consult financial and legal advisors to ensure your giving decisions are appropriate means to achieve your goals given your individual circumstance. Rest assured that we will work your advisors to ensure that your giving decisions match your financial needs and your land conservation preferences.
Gift of Stock
In general, if you own stock or other financial assets that have appreciated significantly in value, please consider donating that asset directly to the DLC rather than selling the asset and donating the resulting funds. If you sell the asset, then you will pay tax on the gain in value and earn a charitable deduction that only equals that after-tax value. By donating the asset directly to the DLC you avoid paying tax and you also earn a charitable deduction equal to the asset’s full appreciated value.
Gift of Assets
If you own land or other assets, you may want to donate those assets directly to the DLC rather than selling them and donating the proceeds. As with gifts of stock, there are implications for your taxes and the charitable value of your gift if you donate that asset directly to the DLC. We will work with you to help you maximize their value to our conservation efforts.
Gift of Land Retaining a Life Estate
It is possible to donate your land, farm, or residence to the DLC while continuing to live and to work there through your lifetime. This life estate allows you to enjoy the land and the life you lead as well as to have the security of knowing what the conservation benefits of your land will be.
As relatively simple estate plans you can make the DLC a beneficiary of your will, life insurance policy, or retirement plan. You can create both a charitable donation to the DLC and a fixed income for you and your spouse with a charitable gift annuity. You can also develop more trust instruments that have the income flow to the DLC until the asset pass to your heirs or trust instruments that have the income flow to you or to your loved ones until the assets pass to the DLC. The more sophisticated your financial needs, the more important it is for you to seek professional advice as you plan estate.