Gifts through Estate Planning

Creating a Conservation Legacy

After we’ve moved on, the land remains. But what will it look like? Will the land we cherish on the Kenai Peninsula still support clean waterways, intact ecosystems, healthy wildlife populations, and ample outdoor recreation opportunities? Will future generations thank us for our foresight?

Estate planning enables each of us to make a lasting statement about what is ultimately important to us. Making a planned gift to Kachemak Heritage Land Trust makes the preservation of important conservation land on Alaska’s Kenai Peninsula part of your legacy, and ensures that the next generation will enjoy those places with special natural, recreational, and cultural values.

Donations of land and conservation easements are the most visible type of planned gift that we receive. But there are also many other types of planned gifts that can advance KHLT’s mission and be part of your conservation legacy.

WILLS AND BEQUESTS

A will enables you to designate all or a portion of your assets as a gift to one or more charities. Such gifts can be made through a new will or through an amendment to your existing will.

Specific Bequest or Devise of Property
You specify the exact amount of cash, property (real estate or tangible personal property), or other assets such as securities that you wish Kachemak Heritage Land Trust to receive.

Residuary Bequest or Devise
A residuary bequest allows you to leave all or a percentage of the remainder of your estate to KHLT after specific bequests, debts, taxes, and estate expenses have been paid.

Contingent Bequest or Devise
You may leave part or all of your estate to KHLT contingent on certain conditions, such as other named beneficiaries not surviving you.

EXAMPLES OF TESTAMENTARY LANGUAGE

Unrestricted Bequest
I give and bequeath to Kachemak Heritage Land Trust, a non-profit organization (Tax ID # 94-3104608), with a principal business address of 315 Klondike Ave, Homer, AK 99603, for its general purposes, the sum of ____ Dollars ($____) - OR - __% of my residuary estate.
An unrestricted bequest allows your donation to be used where it is most needed.

Restricted Bequest
I give and bequeath to Kachemak Heritage Land Trust, a non-profit organization (Tax ID # 94-3104608), with a principal business address of 315 Klondike Ave, Homer, AK 99603, the sum of ____ dollars ($___) - OR - __% of my residuary estate to support ______________ (e.g. land acquisition, trail maintenance, historic preservation).

Bequest of Specific Assets
I give and bequeath to Kachemak Heritage Land Trust, a non-profit organization (Tax ID # 94-3104608), with a principal business address of 315 Klondike Ave, Homer, AK 99603, for its general purposes, ____________________ (e.g. a home, acreage, stocks, jewelry, artwork).

Include specific details about the assets for clear identification.

OTHER PLANNED GIFTS

Retirement Plans
You can name Kachemak Heritage Land Trust as a beneficiary or contingent beneficiary of your retirement plan.

Life Insurance
You can designate Kachemak Heritage Land Trust as the owner or beneficiary of a life insurance policy.

TAX BENEFITS

Charitable giving through an estate plan involves a number of important decisions, many of which may be based on tax incentives as well as family considerations and philanthropic goals. KHLT is unable to offer tax or other legal advice. For more information about planned giving options, we strongly recommend that you consult your attorney and your tax or financial advisors.

With careful planning, you can maximize your family’s financial benefits while creating a meaningful legacy through Kachemak Heritage Land Trust, preserving significant conservation land in perpetuity.

If you would like to make a planned gift to KHLT, please contact our Executive Director.