Bequests:

Donate from your Retirement or Life Insurance Plan

By including Crag as a beneficiary in your will or living trust, you can leave a lasting legacy of legal aid for the environment for generations to come (and possibly receive tax benefits now). Once you’ve chosen the most appropriate type of bequest for your legacy gift, please supply your attorney or other adviser with the following information:

Legal Name: Crag Law Center


Address: 917 SW Oak Street, Suite 417, Portland, OR 97205
Federal

Tax ID Number: 93-1323758



Specific Bequest

A specific bequest names a specific dollar amount or property (such as a vehicle, piece of art or home) to be donated or inherited. This is the most popular form of bequest. Gifts of specific properties may be uniquely appropriate bequests both for tax and other reasons. During the administration of an estate, specific bequests are satisfied first. Thus, if the estate cannot support all of the bequests made in a will, recipients of specific bequests are more likely to inherit than other estate beneficiaries.

Percentage Bequest

A percentage bequest sets a specific percentage, e.g., 15% of the value of an estate. A percentage bequest is beneficial, since it allows the Center for Biological Diversity to participate in any estate growth during your lifetime. This type of planned gift also protects other beneficiaries or heirs should the estate decrease in value.

Residual Bequest

A residual bequest names as a donation any assets remaining after all other specific bequests, taxes and estate expenses have been satisfied.

Contingency Bequest

A contingency bequest identifies a recipient in the event that a prior recipient cannot receive or refuses a bequest.

Sample Language to Include in a Bequest

An Unrestricted Gift

“I give and bequeath to Crag Law Center, a nonprofit corporation, headquartered in Portland, OR, the sum of $___________ for its general purposes.”

“I give and bequeath t Crag Law Center, a nonprofit corporation, headquartered in Portland, OR, _________ % of my estate for its general purposes.”

” I give and bequeath Crag Law Center, a nonprofit corporation, headquartered in Portland, OR, the property described herein for its general purposes:”

Bequest for a Specific Purpose

“I give and bequeath Crag Law Center, a nonprofit corporation, headquartered in Portland, OR, the sum of $______ [or ______% of my estate] to be used for [specific purpose, e.g. litigation to protect endangered species and wildlands]. If, in the opinion of the board of directors of Crag Law Center, the income or principal cannot be used for the express purpose described herein, the organization may use the principal or income for a different but related purpose that best serves the intent of this bequest.”

 

Although a bequest is a very personal affair, we would like the opportunity to thank you personally and acknowledge you as Wild Legacy supporter. Please let us know of your intention to include Crag in your will or trust, or you may ask your attorney to inform us. Please reach

Suzanne Savell, Development Director

suzanne@crag.org

(503)525-2724,

Crag Law Center

917 SW Oak Street, Suite 417

Portland, OR 97205

The information provided here is general in nature. Please contact your professional tax advisor and/or attorney to learn how these options may relate to your individual circumstances. Crag Law Center is a nonprofit organization with a solid record of fiscal responsibility and conservation achievement since our founding in 2001. All gifts may have tax-deductible benefits and will help promote conservation and environmental justice across the Pacific Northwest.