Planned Giving to Yellowstone Forever

Planned Giving to Yellowstone Forever

NPS / Jacob W. Frank

A planned gift is a lasting investment that helps preserve Yellowstone National Park forever. There are many creative ways to support Yellowstone Forever that benefit you, your loved ones, and Yellowstone at the same time.

The benefits may include:

  • An income tax deduction
  • Reduced capital gains taxes
  • Reduced probate costs and estate taxes
  • Income for life

Planned gift opportunities, many of which are listed below, can range from bequests to donor advised funds.

In addition to supporting the mission of Yellowstone Forever, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate.

Planned Giving Opportunities

Bequest

bequest is the simplest planned gift to implement or change should you ever need the assets during your lifetime.

A gift to Yellowstone Forever in your will or living trust allows you to retain your assets during your lifetime.

A bequest may be right for you if you:

  • Would like to make a gift to Yellowstone Forever.
  • Want to retain the flexibility to change your mind.
  • Want continued access to your assets, in case you need it.
  • Are concerned about outliving your resources.

How it works:

  1. You make Yellowstone Forever a beneficiary in your will or trust, or a designated beneficiary of your retirement plan, life insurance policy, or another asset.
  2. Yellowstone Forever receives your gift when your estate is settled.

Drafting information

The following information is intended to help you and your attorney in drafting a bequest.

Legal Name: Yellowstone Forever
Address: 222 East Main Street, Suite 301, Bozeman, MT 59715
Tax Id#:  47-5427975
Nonprofit status: Active and in good standing

Sample language

Unrestricted Gift: A gift that can be used where the need is greatest

I give, devise, and bequeath to Yellowstone Forever, Bozeman, MT, (insert dollar amount) Dollars* to be used for its general purposes.

Residuary Bequest: Leaves any remainder after all other bequests have been paid

I give, devise, and bequeath to Yellowstone Forever, Bozeman, MT, (insert percentage amount) percent of the residue of my estate to be used for its general purposes.

Contingency Gift: Takes effect only if a primary intention can’t be met

In the event that (insert name) predeceases me, I give, devise, and bequeath his/her bequest or share to Yellowstone Forever, Bozeman, MT, to be used for its general purposes.

*Rather than leaving a dollar amount, you can include language that refers to a percentage of your estate or a description of the property you wish to give.

Beneficiary Designation

beneficiary designation is an easy way to specify the individuals and charities you want to support by specifying the percentage of the assets you want each beneficiary to receive.

You could use this method when giving the following assets.

Retirement Assets

An alternative to a bequest gift is to designate Yellowstone Forever as the beneficiary of your retirement assets. This method is as simple as filling out a new beneficiary form from your retirement plan administrator.

Life Insurance

To use your life insurance policy to make a gift, complete and return to the insurance company a form designating that Yellowstone Forever receives all or a portion of the benefit associated with your life insurance policy. You may also transfer ownership of the policy, which will result in an immediate income tax charitable deduction and potential tax savings in the year you make the gift.

Commercial Annuity Contracts

You can name Yellowstone Forever to receive all or part of the remaining value at the end of the annuitant’s lifetime by designating it as a beneficiary on the appropriate form from the insurance company.

Bank Accounts

To direct all or a portion of what remains in a checking or savings account to Yellowstone Forever, you can fill out the appropriate beneficiary designation form provided by your bank.

Investment Accounts

You can direct your investment company to transfer to Yellowstone Forever some or all investments held in your account. Please check with your broker or agent to find out more about the process of doing this.

Charitable Gift Annuities

Planned Giving through a Charitable Gift Annuity or Deferred Charitable Gift Annuity allows you to give to Yellowstone Forever while generating income for yourself and your family.

A Charitable Gift Annuity is a way to make a gift to Yellowstone Forever, receive income for yourself or others, and be entitled to a current income tax deduction for a portion of the assets given to fund the gift annuity.

A Deferred Charitable Gift Annuity provides fixed payments to you for life in exchange for your gift of cash or securities. The fixed payments will begin on a date you choose that is at least one year after you make the gift.

A Charitable Gift Annuity could be right for you if you:

  • Want to maintain or increase your income.
  • Want the security of fixed, reliable payments for life.
  • Want to lower income or capital gains taxes.
  • Would like income that may be partially tax-free.
  • Are considering a gift amount of $5,000 or more.
  • Are at least 65 years of age.

A deferred charitable gift annuity might be right for you if you:

  • Have sufficient income now but want to supplement your cash flow later, for example, when you retire.
  • Want the security of fixed, dependable payments for life.
  • Want to save income taxes or capital gains taxes.
  • Would like income that may be partially tax-free.
  • Are considering a gift amount of $5,000 or more.

How it works:

  1. You make an irrevocable gift of cash, securities, or other property to Yellowstone Forever.
  2. Yellowstone Forever will pay you a fixed amount each year for the rest of your life.
  3. When your gift annuity ends, its remaining principal passes to Yellowstone Forever.

Charitable Remainder Annuity Trusts

Charitable Remainder Annuity Trusts enable you to make a significant gift to Yellowstone Forever while providing an income for yourself and family or friends.

A charitable remainder annuity trust can help you maintain or increase your income for life while making a significant gift to Yellowstone Forever. The trust payments are the same amount each year, offering dependable fixed income.

A charitable remainder annuity trust may be right for you if you:

  • Want to maintain or increase your income.
  • Want dependable payments for life or a term of years.
  • Want to save income taxes or capital gains taxes.
  • Want to choose the person who administers your gift and guides its investments.
  • Want to make a generous gift to Yellowstone Forever.
  • Are considering a gift amount of $250,000 or more.
  • Want your gift to benefit multiple charities.

How it works:

  1. You make an irrevocable gift of cash, securities, or other property to a trust.
  2. You receive an income tax deduction and pay no capital gains tax. During its term, the trust pays a fixed amount each year to you or anyone you name.
  3. When the trust ends, its remaining principal passes to Yellowstone Forever.

Charitable Remainder Unitrust

A charitable remainder unitrust helps you maintain or increase your income while making a significant gift to Yellowstone Forever. If the unitrust grows, your payments will also grow and provide a hedge against inflation.

A charitable remainder unitrust may be right for you if you:

  • Want to provide income for you or others.
  • Want the opportunity of income growth.
  • Want to save income taxes or capital gains taxes.
  • Want to choose the administrator of your gift who guides its investments.
  • Want to make a generous gift of $250,000 or more to Yellowstone Forever.

How it works:

  1. You make an irrevocable transfer of cash, securities, or other property to a trust.
  2. You receive an income tax deduction and pay no capital gains tax. During its term, the trust pays a percentage of its value each year to you or to anyone you designate.
  3. When the trust ends, its remaining principal passes to Yellowstone Forever.

Charitable Flip Unitrust

charitable flip unitrust lets you give an asset that may take time to sell and receive substantial payments for life once the asset is sold.

You may use a flip unitrust to make a gift now and supplement your income in the future.

A charitable flip unitrust could be right for you if you:

  • Want to give an asset that is hard to sell (i.e. real estate).
  • Want to supplement your retirement income.
  • Want to save on capital gains taxes.
  • Itemize your deductions and want to save on income tax.
  • Want to choose the gift administrator who guides its investments.
  • Are considering a generous gift of $250,000 or more to Yellowstone Forever.

How it works:

  1. During its term, the flip trust will make payments annually to you or anyone you designate. Initially, the trust will pay you a percentage of its value or its net income, whichever is less.
  2. Once the trust is flipped, you will be paid a percentage of its value each year, regardless of how much net income the trust earns.
  3. When the flip trust ends, all of its remaining assets will be used to support Yellowstone Forever.

Charitable Lead Annuity Trust

Charitable Lead Trusts provide a stream of income for Yellowstone Forever while preserving assets for your heirs.

You can make a substantial gift to Yellowstone Forever in fixed annual payments and pass assets to your families or heirs at a reduced tax cost.

A charitable lead annuity trust could be right for you if you:

  • Have substantial assets that you do not need currently for your own financial security.
  • Want to provide for your family or other heirs.
  • Want to save estate taxes, gift taxes, and probate costs.
  • Want to consider a gift of $250,000 or more to benefit Yellowstone Forever and your heirs.

How it works:

  1. You will receive a gift tax deduction when you can transfer cash, securities, or property to a trust.
  2. During its term, the trust pays a fixed amount each year to Yellowstone Forever.
  3. The remaining principal passes to your family or heirs when the trust ends.

Charitable Lead Unitrust

You can make a substantial gift to Yellowstone Forever in annual payments and pass assets to your family or heirs at a reduced tax cost. The payment to Yellowstone Forever is a percentage of the value of the trust each year.

A charitable lead unitrust could be right for you if you:

  • Have substantial assets that you do not need for your own financial security.
  • Want to support your family or heirs.
  • Want to save estate taxes, gift taxes, and probate costs.
  • Want to consider a gift of $250,000 or more to benefit Yellowstone Forever and your heirs.

How it works:

  1. You will receive a gift tax deduction when you transfer cash, securities, or property to a trust.
  2. During its term, the trust pays a percentage of its value each year to Yellowstone Forever.
  3. The remaining principal passes to your family or heirs when the trust ends.

Donor Advised Fund

donor-advised fund (DAF) is administered by a third party where your contribution can be invested and grow tax-free. DAFs allow you to give cash, stock and other assets in return for an immediate tax deduction when the contribution is made. You can grant specified amounts to the charities of your choice at a later time.

A Donor Advised Fund may be right for you if you:

  • Are looking for an easy, flexible, and low-cost method of giving.
  • Want to take advantage of a tax charitable deduction in the current year.
  • Want more time to decide which charities to support.
  • Choose to contribute in installments over time.
  • Want to contribute a wide range of assets including cash, mutual funds, publicly traded securities, private equity and hedge fund interests, real estate, or Bitcoin.
  • Want to contribute appreciated securities and take a full deduction without paying tax on the capital gains.
  • Want to leave a legacy gift by naming a nonprofit such as Yellowstone Forever as a charitable beneficiary of your DAF.

How it works:

  1. Establish your DAF by making an irrevocable, tax-deductible donation to a sponsoring organization such as Schwab Charitable, Fidelity Charitable, or Vanguard Charitable.
  2. Advise the investment allocation of the donated assets.
  3. Recommend grants to qualified charities such as Yellowstone Forever.

Unrestricted gifts give Yellowstone Forever the greatest flexibility to use funds where they are most needed. As per the Yellowstone Forever Institutional Funds and Restricted Donations Protocol, all unrestricted planned gifts will be treated as additions to the Yellowstone Forever endowment fund.

Yellowstone Forever will honor a donor’s stated intent for the use of a gift. Bequest provisions designated for a specific program or activity require additional language.


Please note that donors are strongly urged to obtain the assistance and advice of competent and independent professional advisors, including, but not limited to, tax, financial, and legal advisors in matters pertaining to their donations, including potential tax and estate planning consequences.

For clarity’s sake, Yellowstone Forever cannot serve as both the donor’s advisor, legal or otherwise, and the recipient of the donor’s donation. Further, Yellowstone Forever cannot provide legal or tax advice to donors. Donors and potential donors should not rely on any legal or tax information, conclusions, or commentary provided by Yellowstone Forever.

Additionally note that Yellowstone Forever, as the official education and fundraising partner of Yellowstone National Park, regularly engages with the National Park Service about prospective donations intended to support park priorities.