Leave a legacy for Washington
Futurewise is the one group in Washington working on your behalf to stop sprawl and over-development from consuming rural areas, farms, forests, and shorelines while at the same time making our cities and towns great places to live - for all.
Our balance of advocacy, organizing and educating and enforcement generates wins that are protecting and enhancing Washington’s environment and quality of life. Futurewise’s work has protected more than one million acres of land all across the state, produced new laws to protect farms, forests and habitat, promoted new investments in affordable housing in urban areas and encouraged transit and other alternatives to auto dependency.
A planned gift to Futurewise is a powerful and thoughtful way to share your dedication to Washington’s environment with future generations.
Wills and Bequests
One of the easiest ways to ensure vibrant communities and the protection of rural lands in Washington State is to leave a charitable bequest to Futurewise. A bequest is a gift to an individual, institution or charity from an individual’s estate after the group has been named as a beneficiary in his or her will.
A bequest to Futurewise is free from federal and state taxes. The amount of the bequest is deducted from your estate total, offering substantial savings by decreasing the value of the estate subject to taxation. There is not a limit to the amount of your estate that can be left to charitable organizations.
For gifts that take effect after your lifetime, we suggest you name Futurewise as follows: “...Futurewise, a nonprofit organization, incorporated by the laws of the State of Washington, having as its principal address 816 Second Avenue, Suite 200, Seattle, WA 98104.”
You can name Futurewise as a beneficiary of your 401(k), IRA, or other retirement accounts. Gifts from pension plans are issued free of federal taxes.
Life insurance policies allow several ways to give. You can donate a paid policy that you no longer need (smaller policies are often set up during child-raising years to provide support for spouses) by naming Futurewise as the beneficiary and policy owner. In return, you will receive an immediate tax deduction based on your cost basis in the policy, and it will reduce the value of your estate by the full face value of the policy, potentially reducing estate taxes. Upon your death, the life insurance proceeds will be passed on to Futurewise.
Another option is to donate a partially paid insurance policy to Futurewise. You will receive a tax deduction based on your cost basis in the policy. Futurewise can continue to make payments to benefit on the full amount of the policy in the future, exercise options to receive a reduced value based on the portion paid, or surrender the policy for its current cash value and benefit immediately from your gift.
Questions? Contact our Development Manager via email or at (206) 343-0681 x103.