Making a planned gift is a great way to show your support for nature and special places in southwestern Illinois. A planned gift to HeartLands Conservancy will help secure our future while meeting your own personal, financial, and philanthropic goals.
- Gifts Through Your Will (Bequests)
- IRA Rollover
- Life Insurance Policy
- Gift of Real Estate
We advise you to consult with attorneys and tax/financial advisors when considering any of the legacy giving options to see what is the right option for you.
Life Insurance Policy
You can name HeartLands Conservancy as the primary beneficiary or co-beneficiary of a life insurance policy. You would retain ownership of the policy and have access to the policy’s cash value. Because you retain ownership, no charitable income-tax deduction is allowed at the time of the gift. Although the face value of the policy will be included in your gross estate at your death, your estate will be entitled to an offsetting charitable estate-tax deduction.
Sometimes people find themselves with life insurance policies they no longer need after the death of a spouse or after children are grown. By contributing the policy to HeartLands Conservancy, your gift may reduce taxes that would be otherwise due upon your death.
You may also receive a charitable income-tax deduction for the cash surrender value of the policy when you assign HeartLands Conservancy as an irrevocable assignee.