Estate and Planned Giving
By naming Amigos Bravos, Inc. as a beneficiary of your estate plans through a will, trust, retirement plan, or insurance policy, you leave a conservation legacy for generations of New Mexicans to come. We can help you prepare to meet with your attorney and carry out your personal objectives for your estate.
More and more supporters appreciate this unique way of creating a legacy for protecting New Mexico waters, as it costs you nothing now to give. You can make this gift without affecting your current lifestyle or your family’s security. Yet, your generosity has a lasting impact for generations to come.
Please let us know if you have included a gift to Amigos Bravos in your will, trust, or by beneficiary designation, as providing us with documentation will ensure your gift is used in the way you intend.
Here are some examples of ways you can leave a gift in your will to Amigos Bravos:
A residuary gift in your will designates a fraction or percentage of your estate after all specific bequests, debts, and expenses have been paid.
- A general gift in your will leaves a gift of a stated sum of money in your will or living trust.
- A specific gift in your will bequeaths Amigos Bravos a particular asset referring to any non-cash items such as shares, property, or other valuables.
- A contingent gift in your will leaves Amigos Bravos a stated share of your estate only if a stated future event occurs, such as the passing of a beneficiary.
Sample language for your Will or Trust:
Following is sample bequest language you could consider if you would like to include Amigos Bravos in your will or estate plans. For specific advice about your financial situation and the tax effects of a charitable plan, please consult a qualified professional advisor:
“I hereby give, devise, and bequeath to Amigos Bravos, Inc., a non-profit organization with principal business address of
P.O. Box 238, Taos, NM 87571 [specific dollar amount, percentage or remainder] to be used for its general operating purposes.”
“If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Amigos Bravos, Inc., a non-profit organization with principal business address of P.O. Box 238, Taos, NM 87571 [specific dollar amount, percentage or remainder] to be used for its general operating purposes.”
To learn more about your planned giving options call the Amigos Bravos office at: 575.758.3874
Beneficiary Designation Information:
Amigos Bravos, Inc
P.O. Box 238
Taos, NM 87571
Federal Tax ID #: 85-0363268
FAQ’S about Estate and Planned Giving:
FAQs Regarding Legacies and Planned Gifts
Q. What is a Legacy gift?
A. A legacy is something that is given in order to benefit future generations. In charitable terms, legacies are usually established by bequest or other planned giving methods to provide support for a specific nonprofit program. The support and name of the donor continue to be associated with the program, providing a form of remembrance.
Q. What are the benefits to a donor of planned gifts?
A. Planned gifts offer a donor many of the same benefits that an outright gift to a charity provides, such as:
- Charitable tax deduction;
- Avoidance of capital gains tax on appreciated property, securities
- Removal of assets from potential estate taxation;
- Control of where the estate’s “social capital”
- Personal satisfaction in supporting a worthy cause; and
- Recognition for your charitable support while living.
These benefits are possible because Amigos Bravos, Inc. is a 501 (c)(3) organization. It enjoys this tax-exempt status by using its resources to support charitable activities that benefit the public good.
Q. What are the advantages to the charity of receiving a planned gift rather
than a conventional donation?
A. Amigos Bravos benefits from a donor’s planned gift in several distinct ways:
- Planned gifts allow Amigos Bravos to highlight the benevolence of
the donor in public forums and in printed media. This has the power to influence and stimulate others to consider the establishment of a planned
- Planned gifts allow Amigos Bravos to recognize the donor for his or her gift while living.
- Planned gifts allow an opportunity for dialogue with each donor about gift wishes so that Amigos Bravos can become a better steward of the gift.
- Planned gifts are usually larger than outright gifts, which in turn enable Amigos Bravos to do more work that is charitable.
Q. Can you provide a few examples of planned gifts?
A. There are numerous ways to creatively structure a planned gift. A donor’s attorney and/or financial adviser should be consulted to assure that the optimum benefits are realized for the estate and charity.
- The most common form of planned giving is leaving a bequest in one’s will. Charitable bequests reduce the size of the estate and reduce estate taxation.
- Remainder charitable trusts, such as charitable gift annuities or unitrusts are usually established during a donor’s lifetime, providing an immediate tax-deduction, avoidance of capital gains taxation, reduced estate tax at death, and creation of a source of income for the donor and/or other family members for life or for a specified period of time. Ultimately, the trust’s residual assets pass to Amigos Bravos for the purpose outlined by the donor.
- Charitable lead trusts provide a number of unique benefits. These types of trusts are generally used when a donor has assets that are likely to appreciate and the donor wishes to pass these assets to family members with reduced gift and estate tax consequences. Lead trusts are established for a specified period, often ten years. During this period, the charity receives regular distributions from the trust, either a fixed amount (charitable lead annuity) or fluctuating amount (charitable lead unitrust) and the donor pays income taxes on the earnings of the trust, which may be tax deductible. A charitable income tax deduction may also be available when the trust is established.