“Planned giving” or “legacy giving” - through your will or other financial instrument - is a way to give that helps ensure that ERI’s mission to protect people and environment continues into the future. With a bit of thoughtful consideration and planning, you can make a contribution to ERI that not only provides us with a stable, long-term source of support but that can also offer benefits to you and your loved ones. Consider building a charitable purpose into your overall financial, tax and estate planning goals as a way to:
- Make a larger gift than you may have thought possible while maintaining your current living standard.
- Make gifts that actually "give back", potentially providing extra income in retirement years or to meet the needs of loved ones.
- Add meaning to your gift by making it in honor of a special friend or loved one as a way to support the causes they believe in for years to come.
Below are some of the planned giving options available to you – to learn more contact your financial or tax advisor, or attorney, or our Managing Director, Marie Soveroski - at (202) 466-5788 ext. 104 or [email protected] - who can also explain how your gift will be used to support our work
Declare EarthRights through a bequest in your will:
To name ERI through a bequest, please use our official name “EarthRights International, Inc” and our Federal Tax-ID #: 04-3265555. Use the following sample language to designate EarthRights as a beneficiary in your will:
“I hereby give, devise and bequeath to EarthRights International, Inc. with offices at 1612 K St NW, Suite 401, Washington DC 20006, Federal tax ID number 04-3265555, or its successors in interest, the sum of $ for its most urgent needs as determined by its Board of Directors.”
You may also add a bequest through a codicil, a separate document consisting of an amendment to an existing will. All charitable bequests are fully deductible from your gross estate, and may significantly reduce taxes on the balance of your estate.
Declare EarthRights in your 401(k) or retirement plan:
Another easy way to make a legacy donation is through your retirement plan. In exchange for your contribution, you may receive an immediate income tax deduction, reduction in capital gains, or other potential benefit.
Charitable Gift Annuities:
A charitable gift annuity allows you to pay a fixed amount to ERI for life, or for a number of years, depending on your preference. You may then transfer the income-producing assets to loved ones and greatly reduce your gift and estate taxes. The annuity provides a fixed, guaranteed income to you, and/or your beneficiary if you choose one. The older you are at the time of your gift, the higher your rate of return. Your beneficiary receives all income-producing assets, and after your lifetime, the remaining principal becomes a gift to ERI. The income generated from the annuity could be partially tax-free, and if you contribute appreciated securities you may be able to avoid capital gains tax.
Donate real estate:
An outright gift of real estate (a vacant lot, residence, vacation home, farm or commercial property) that has been held for more than one year qualifies you for an income tax deduction for its full fair-market value, and allows you to avoid capital gains tax on the appreciated portion. Alternatively, you can give real estate and receive a lifetime income (charitable remainder trust) or give the property while retaining lifetime use (donating your home or farm reserving lifetime use).
The information above is given as indicative of how these various planned giving instruments function, and should not to be considered legal or tax advice.