This is the time of year when many of us think about charitable giving and how we can impact our favorite nonprofits to achieve their mission. We recently received a note from a donor of 31 years explaining why they support ASF.
“Without the Atlantic Salmon Federation, the cause for Atlantic Salmon Conservation would be bleak. However, with ASF, Atlantic Salmon have a realistic chance. The organization is professional, with singular skill influencing heterogenous groups in and out of government, and deep experience in public communications, legal strategy, and scientific research.”
While we were honored to receive these kind words, we were blown away when they took the next step and made a transformational gift to ASF. Motivated to support ASF's mission, they consulted with their financial advisor to research what would be the best vehicle to help ASF today, while at the same time taking advantage of tax saving incentives offered by the IRS.
They discovered that transferring the ownership of their fully paid life insurance policy would produce an immediate income tax charitable deduction for the value of the policy. Furthermore, since this was a permanent life insurance policy with cash value exceeding $300,000, ASF can choose to surrender the policy immediately and receive the current cash value of the gift to apply towards critically important programs today.
We respectfully invite you to review our planned giving website and the attached resources to consider how you might support ASF with year-end charitable contributions that can bring tax benefits to you.
As always, your personal advisors can help you determine what is most appropriate for you. We are ready to work with you and your advisors as you consider charitable gift options.
Bill Bullock
VP Planned Giving & Major Gifts (US)/VP, Dons Planifiés & Dons Majeurs ÉU
The Atlantic Salmon Federation
bbullock@asfmaine.org
(802) 375-3320 – Cell
