Mount Rainier, North Cascades and Olympic National Parks are in the forever business…they’ve been around for centuries and will be around for many, many more. When you give a legacy gift to these parks through Washington’s National Park Fund, you can rest assured knowing that your wishes will be honored, fulfilled, and respected. Thank you for your consideration.
-Washington’s National Park Fund board and staff
Leave us a percentage of your estate. OR, make a bequest of money or a particular property to Washington’s National Park Fund.
Give stocks that have increased greatly in value, particularly those producing a low yield. If you have owned them longer than one year, you will pay no capital gains tax on the transaction, and you can deduct the full fair market value.
CHARITABLE REMAINDER TRUST
A charitable remainder trust pays a fixed or variable income to the donor. The payments are made either for life or a period of time not to exceed 20 years. At the end of the trust’s term, the balance of the trust supports our mission to strengthen and preserve Washington’s three largest national parks. You’ll also receive a partial income tax deduction.
CHARITABLE LEAD TRUST
This type of charitable trust pays income to one or more charitable organizations, typically for a period of years, after which the remaining trust assets pass to family members.
BANK ACCOUNTS, CD’S & LIFE INSURANCE
Name Washington’s National Park Fund as the “payable-on-death beneficiary” of your bank accounts or on certificates of deposit. You own the assets for your lifetime and have them available for your use. Upon your passing, the assets pass directly to us without going through probate. And, rather than cancel life insurance policies you no longer need, name Washington’s National Park Fund as the beneficiary, or simply donate the policies outright.
CHARITABLE GIFT ANNUITY
This is a simple contract between you and Washington’s National Park Fund that pays you a fixed dollar amount for your lifetime. The older you are, the higher your annuity rate. If you use appreciated property to fund the gift annuity, you will escape the capital gains tax on the gift portion of the transaction. Plus, you are able to spread the remaining capital gains tax over your estimated life expectancy. You also receive a partial income tax deduction.
In this scenario, you agree to sell property to Washington’s National Park Fund at less than its fair market value. The difference between the sale price and the fair market value is your charitable deduction. The net result is often more favorable than selling the property at fair market value and making a charitable contribution from the capital gain.
This is a simple donation if you own property that is not mortgaged, has appreciated in value, and you no longer need or use. You can deduct the fair market value of your gift and eliminate all capital gains taxes. Plus, you have removed that asset from your taxable income.
IRAs — REQUIRED MINIMUM DISTRIBUTION
Annual Required Minimum Distributions from IRAs and 401(k)s can be donated directly to Washington’s National Park Fund. This way you avoid paying income tax (up to $100,000 and you cannot claim a tax deduction).
Endowments provide ongoing benefits year after year. They provide a reliable source of income in perpetuity! They earn interest while keeping the core endowment principal intact. Interest earnings fund projects and programs over the long haul. The ratio of principal to income changes year-to-year based on prevailing market rates.
Washington’s National Park Fund has established endowments for Mount Rainier, North Cascades, and Olympic National Parks. Mount Rainier’s Endowment was established by a bequest in 2010 and has grown ever since. North Cascades and Olympic’s endowments were established a few years ago and are experiencing interest earnings as well. To date, this interest is being reinvested back into each park’s endowment.