Giving Through A Bequest – Your Will
In as little as one sentence, you can complete your gift. This type of donation to SCLT in your will or living trust helps ensure that we continue our mission for years to come.
“I give to the Sheridan Community Land Trust, a nonprofit corporation currently located at Sheridan, WY, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”
When you leave a gift through your will to Sheridan Community Land Trust, your passion for the lands, waters, and wildlife of Sheridan County lives on forever. You can rest assured knowing that ranchlands and scenic open spaces are conserved, wildlife thrive, and the youth of Sheridan County get outside – away from screens – to experience nature in a way that creates life-long bonds for the future.
Today, you can join the growing number of people who are ensuring that Sheridan County stays special. Your gift will conserve local land, protect our heritage, and create opportunities for people of all ages to connect with nature.
Making a gift in your will is easy to do and will allow you to take care of friends, family, and the future of Sheridan County.
How to donate via your will
You have options when deciding how to plan your giving. Here are the common donations that Sheridan Community Land Trust can accept:
- Land (rural or urban)
- Appreciated assets (i.e. stock investments)
- A portion of your retirement fund or life insurance policy
- A specific amount of money from your estate, a percentage of your estate, or even the residual part of your estate after you have taken care of loved ones.
It is important that you meet with us while planning your giving – and while your will is still in preparation – so that we can discuss your intentions and determine whether we can meet them. This is especially important when considering giving non-cash gifts.
If you intend to bequeath a conservation easement, we need to verify that accepting the easement conforms to our policies and discuss what restrictions you want to see placed on the land. We will then draft the easement for you and your attorney to review.
We also recommend that you consult your attorney or financial planner as you think about your planned giving to Sheridan Community Land Trust.
Example language to donate via your will
“I hereby give Sheridan Community Land Trust, a nonprofit organization located in Sheridan, Wyoming, with a business mailing address of P.O. Box 7185, Sheridan, WY 82801, and with a tax identification number of 20-4385635, the sum of _______ dollars [or describe other gifts or assets] for its general purposes and use at the discretion of the Sheridan Community Land Trust Board of Directors.”
The suggested wording for leaving all or a part of the balance of the estate after debts, burial costs, probate expenses, and specific bequests have been satisfied may be as follows:
“I give, devise, and bequeath to Sheridan Community Land Trust, a nonprofit organization located in Sheridan, Wyoming, with a business mailing address of P.O. Box 7185, Sheridan, WY 82801, and with a tax identification number of 20-4385635, all (or ___%) of the rest, residue, and remainder of my estate, to be used for its general purposes.”
Why people choose to make a bequest
- It is not payable until you pass away, so it will not affect your assets or cash flow during your lifetime.
- It is revocable. You can change the provisions in your will or trust at any time.
- It is private. Your will is not filed nor made public until your death.
If you prefer to make a gift dedicated to one aspect or project of Sheridan Community Land Trust, we will be happy to speak with you about giving a restricted gift.
Depending on the size of your estate, and if it is subject to estate taxes, your gift to Sheridan Community Land Trust could help lower your taxable estate. To receive tax benefits during your lifetime, your gift must be in the form of cash, stock, or your life estate. You won’t receive tax benefits during your lifetime if you make a gift via your will.