Planned Giving with Kachemak Heritage Land Trust:
Creating a Conservation Legacy
In celebration of KHLT’s 35th anniversary, we launched our Legacy Giving Circle. We were incredibly grateful to have secured a $25,000 pledge, and with each notification we received that someone put KHLT in their estate plans, $2,500 was donated to KHLT from the pledge. As of July, 2024, we have reached our goal! Big thanks to the 10 individuals who added us to their estate plans and helped us reach out $25,000 goal!
You can still join our Legacy Giving Circle today by letting us know you’ve put us in your will.
How can I make a Legacy Gift?
WILLS AND BEQUESTS
Commonly donated through a will or trust, planned gifts are usually granted when a donor passes away. A will enables you to designate all or a portion of your assets as a gift to Kachemak Heritage Land Trust (KHLT) upon your death. Such gifts can be made through a new will or through an amendment to your existing will.
Specific Bequest or Devise of Property
With a specific bequest, you specify the exact amount of cash, property (real estate or tangible personal property), or other assets such as securities that you wish KHLT to receive.
Residuary Bequest or Devise
A residuary bequest allows you to leave all or a percentage of the remainder of your estate to KHLT after specific bequests, debts, taxes, and estate expenses have been paid.
Contingent Bequest or Devise
You may leave part or all of your estate to KHLT contingent on certain conditions, such as other named beneficiaries not surviving you.
Bequests of Real Estate
If you have real estate of any sort that you would like to bequeath to Kachemak Heritage Land Trust, it is essential that the planned real estate gift be reviewed by KHLT staff ahead of time to ensure that there are no contingencies or potential liabilities that could prevent the land trust from being able to accept the property.
Examples of language in your will:
Unrestricted Bequest
I give and bequeath to Kachemak Heritage Land Trust, a non-profit organization (Tax ID # 94-3104608), with a principal business address of 315 Klondike Ave, Homer, AK 99603, for its general purposes, the sum of ____ Dollars ($____) - 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.
Please contact your attorney to discuss specifics if you would like to make a bequest to Kachemak Heritage Land Trust.
Commonly donated through a will or trust, planned gifts are usually granted when a donor passes away. A will enables you to designate all or a portion of your assets as a gift to Kachemak Heritage Land Trust (KHLT) upon your death. Such gifts can be made through a new will or through an amendment to your existing will.
Specific Bequest or Devise of Property
With a specific bequest, you specify the exact amount of cash, property (real estate or tangible personal property), or other assets such as securities that you wish KHLT 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.
Bequests of Real Estate
If you have real estate of any sort that you would like to bequeath to Kachemak Heritage Land Trust, it is essential that the planned real estate gift be reviewed by KHLT staff ahead of time to ensure that there are no contingencies or potential liabilities that could prevent the land trust from being able to accept the property.
Examples of language in your will:
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.
Please contact your attorney to discuss specifics if you would like to make a bequest to Kachemak Heritage Land Trust.
RETIREMENT PLANS
You can name Kachemak Heritage Land Trust as a beneficiary or contingent beneficiary of your retirement plan. This is generally a simple procedure that can be accomplished by contacting your retirement plan administrator and providing KHLT’s name, address, and federal tax ID# 94-3104608.
You can name Kachemak Heritage Land Trust as a beneficiary or contingent beneficiary of your retirement plan. This is generally a simple procedure that can be accomplished by contacting your retirement plan administrator and providing KHLT’s name, address, and federal tax ID# 94-3104608.
LIFE INSURANCE
A designation of Kachemak Heritage Land Trust as the beneficiary of a life insurance policy at the insured’s death will avoid any estate tax on the insurance death benefit when the insured dies. Alternatively, the owner of a life insurance policy can irrevocably assign the ownership and beneficiary designation of the policy to Kachemak Heritage Land Trust during the insured’s lifetime. If the policy is a type that has cash value at the time of the transfer, the donor may be entitled to an immediate charitable income tax deduction equal to the fair market value or donor’s adjusted cost basis in the policy. In addition, the insurance proceeds will pass free of estate tax when the insured dies. Please contact your life insurance company for more information if you wish to designate Kachemak Heritage Land Trust as the owner or beneficiary of your policy.
A designation of Kachemak Heritage Land Trust as the beneficiary of a life insurance policy at the insured’s death will avoid any estate tax on the insurance death benefit when the insured dies. Alternatively, the owner of a life insurance policy can irrevocably assign the ownership and beneficiary designation of the policy to Kachemak Heritage Land Trust during the insured’s lifetime. If the policy is a type that has cash value at the time of the transfer, the donor may be entitled to an immediate charitable income tax deduction equal to the fair market value or donor’s adjusted cost basis in the policy. In addition, the insurance proceeds will pass free of estate tax when the insured dies. Please contact your life insurance company for more information if you wish to designate Kachemak Heritage Land Trust as the owner or beneficiary of your policy.
TAX BENEFITS
Planned giving involves a number of important decisions, many of which may be based on tax incentives as well as family considerations and philanthropic goals. Kachemak Heritage Land Trust is unable to offer specific tax or other legal advice. For more information about your planned giving options, we strongly recommend that you consult your attorney and your financial advisor. With careful planning, you can provide for your family’s future while also creating a meaningful conservation legacy through Kachemak Heritage Land Trust.
Planned giving involves a number of important decisions, many of which may be based on tax incentives as well as family considerations and philanthropic goals. Kachemak Heritage Land Trust is unable to offer specific tax or other legal advice. For more information about your planned giving options, we strongly recommend that you consult your attorney and your financial advisor. With careful planning, you can provide for your family’s future while also creating a meaningful conservation legacy through Kachemak Heritage Land Trust.
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What We Do
Working with willing landowners, KHLT permanently protects important fish, bird and wildlife habitat as well as recreational lands on the Kenai Peninsula for the future.
Our Mission
Conserving the natural heritage of the Kenai Peninsula for future generations
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Photo CreditWith deep gratitude, KHLT thanks Mary Frische and Tom Collopy for many of their beautiful photos throughout our website.
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Hours
M-F: 9am - 5pm
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Telephone
(907) 235-5263
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