Planned Giving

Gift Through Your Will or Estate Plan

1. Designate a particular asset or a percentage of your estate to FOR by including a bequest provision in your will or revocable trust. You can do this while creating your will or trust, or you can amend an existing one. 
2. Notify FOR of your commitment, to help plan and ensure your wishes can be fulfilled. This is especially important for; gifts of real estate, business interest or other specialized property and if your bequest is restricted to a designated area or program.
3. FOR will receive the gift after your lifetime and apply it to the purpose(s) you specified or other top projects if charitable gift is unrestricted.

How It Benefits You

• Your distribution is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. 
• Your gift costs you nothing now
• You can change your mind or modify your gift if circumstances change.
• Your gift may provide tax savings or help reduce the tax burden for your heirs.
• Your legacy will be as someone who loves the Rappahannock River, cares for the health of generations to come and inspires action for our river community and planet.

Life Insurance Policy

Retirement Plan Beneficiary Designation Donation

1. Tell your retirement plan provider you want to name FOR as a beneficiary on your qualifying retirement plan. They will ensure those assets will not be included in your taxable estate. FOR’s EIN number is, 54-1381671
2. After your lifetime, the residue of your plan passes to FOR tax-free and to any other named heirs

How It Benefits You

• You may be able to avoid both income AND estate taxes levied on the residue left in your retirement account. As a non-profit, FOR won’t pay income tax on the distribution, nor will the gift be subject to estate tax. Thus maximizing your gift and reducing you and your heir’s estate tax
• It will continue take withdraws during your lifetime, with no extra steps from you 
• Ability to change the beneficiary if your circumstance changes
• Support the future of the river!

Use Your IRA to Support a Healthy River

If you’re 70 ½ or older, you can make a tax-free distribution from your traditional or Roth IRA to the future of our river. This can be a one-time or recurring gift.

How It Works

1. Direct distributions, in the amount of your choosing, from your traditional or Roth IRA to Friends of the Rappahannock. 
2. The distributions go directly to FOR and are not subject to federal income tax.
3. To make sure your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. Please contact us at (540) 373-3448 or elisabeth.heras@riverfriends.org to let us know to expect your donation. Friends of the Rappahannoock, attn: Lis Heras 3219 Fall Hill Ave Fredericksburg, VA 22401

Is a Gift through your IRA right for you?

• You are over age 70½.
• You are over age 72 and do not need the additional income from your required minimum distributions (RMD).
• You are no longer working and making contributions to a retirement plan. 
• You want to see your gift go directly towards supporting the future of your community, river health, and education!