A Gift in your Will or Living Trust
Leave a lasting legacy for Skagit Fisheries with a gift in your will or living trust. You keep full control while you live and can change your plans at any time.
These gifts can be made of a specified dollar amount, a percentage of your estate, or of the specified property. Any reference to Skagit Fisheries in your will should use our full name “Skagit Fisheries Enhancement Group”. Skagit Fisheries is a nonprofit corporation, incorporated in the state of Washington, with offices in the town of Mount Vernon, Washington 98273. Skagit Fisheries tax identification number 94-3165939.
For simple bequests, suggested wording is:
“I give, devise, and bequeath to Skagit Fisheries Enhancement Group, a nonprofit corporation, organized and existing under the laws of Washington State, with offices in the town of Mount Vernon Washington, tax identification number 94-3165939, ___________________________ [specific asset, lump sum, or residual percentage] to be used for its general purposes of habitat restoration, education or general opperating (or describe a specific program, fund or use).”
Questions?
We’re happy to answer questions and provide the information your plan administrator needs. Please reach out to Rose Sandell, Development Coordinator at rsandell(at)skagitfisheries.org with questions or to inform us of your plans.
Make a Legacy Gift from Your IRA or Retirement Plan
Naming Skagit Fisheries Enhancement Group as a beneficiary of your IRA or retirement plan is one of the simplest ways to make a lasting gift. It costs you nothing during your lifetime, and you keep full control of your account while you’re living.
Why it’s a smart way to give
Retirement accounts are among the most heavily taxed assets to leave to family, because heirs owe income tax on what they withdraw. As a qualified nonprofit, we receive your gift tax-free, so more of it goes to work for salmon and healthy rivers. Many donors choose to leave their retirement account to charity and other assets, like real estate or investments, to loved ones.
How to name us as a beneficiary
- Request a beneficiary form. Contact your IRA or retirement plan administrator. Most offer an online form or a paper one.
- Enter our information. Please use our full legal name and EIN so your gift reaches the right organization: Skagit Fisheries Enhancement Group, EIN [XX-XXXXXXX],
[Mailing address] - Choose your share. You can name us as the sole beneficiary or split your account between charity and family.
Good to know
- A beneficiary designation overrides your will, so it’s important to keep the form current. You can update it anytime, and it’s worth reviewing after major life events.
- You’re welcome to let us know about your plans. We’d love to thank you, and we’ll make sure your wishes are honored. Telling us is entirely optional.
Skagit Fisheries Enhancement Group does not provide legal or tax advice. Please consult your attorney, financial advisor, or tax professional about how this applies to your situation.
Questions?
We’re happy to answer questions and provide the information your plan administrator needs. Please reach out to Rose Sandell, Development Coordinator at rsandell(at)skagitfisheries.org with questions or to inform us of your plans.
A Gift of Life Insurance
If you have a life insurance policy you no longer need, donating it to Skagit Fisheries can result in tax benefits and allow you to make a bigger gift than you would be able to otherwise. If you donate a fully paid-for policy to Skagit Fisheries, you will obtain a tax deduction for your gift. Another way to do this is to designate Skagit Fisheries as your beneficiary under the policy.
Questions? Contact Us
Please direct your questions and seek advice from your tax advisor, attorney, and/or financial planner first.
If you have already included Skagit Fisheries in your estate plans or would like additional information, please let us know by contacting Rose Sandell.
Rose Sandell, Development Coordinator, Skagit Fisheries Enhancement Group
1202 S Second Street, Suite C, PO Box 2497, Mount Vernon, WA 98273
The material presented on this website is intended as general educational information on the topics discussed and should not be interpreted as legal, financial, or tax advice. Please seek the specific advice of your tax advisor, attorney, and/or financial planner to discuss the application of these topics to your individual situation.
