The Legacy Society
Leaving the Legacy of Protected Land for Present and Future Generations
Thousands of us who feel privileged to live, work, and vacation on St. Simons Island have supported efforts to protect coastal Georgia’s greatest assets—its history, culture, and environment—in short, its land—land that would have been destroyed by high-density development if not protected by the St. Simons Land Trust.
Many of those supporters are part of a growing group of legacy donors who are ensuring that the privilege of enjoying this extraordinary land is available for future generations. They are members of The Legacy Society, individuals and families who have included the St. Simons Land Trust in their estate plans.
Types of Bequests
Specific: A specific bequest involves making a gift of financial assets such as cash, stocks or bonds, real estate or other assets to the Land Trust.
Residual: A residual bequest is made from the balance of an estate after all specific gifts have been dispersed. For example, a percentage, a specific amount or the remainder of the estate may be designated for the Land Trust after other obligations have been fulfilled.
Percentage: Another kind of bequest involves leaving a specified percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the Land Trust.
Contingent: A contingent bequest is made only if the purpose of the primary bequest cannot be met. For example, you could leave real property, such as a vacation home, to a relative, but the contingent bequest language would state that if the relative is not alive at the time of your death, the property will go to the Land Trust.
What are the Benefits of Making a Bequest?
- You enhance the investment you’ve already made to the community and to the Land Trust.
- You leave a legacy that will positively impact future generations.
- You lessen the burden of taxes on your loved ones.
- You may receive significant estate tax savings.
How Do I Make a Bequest? It’s Simple.
You can include basic language in your estate plan that specifies the St. Simons Land Trust as a beneficiary of:
- IRA accounts
- Retirement plans
- Life insurance policies
- Marketable securities
- Real property
Examples of language:
- Unresricted Bequest
- I give and bequeth to St. Simons Land Trust, a non-profit organization (Tax ID # 58-2598986), with a principal business address of P.O. Box 24615, St. Simons Island, GA, 31522, the sum of _____ dollars ($___) - OR - ___% of my residuary estate - OR ___% of my IRA account (or other account) as an unrestricted bequest to be used as the leadership of the organization deems to be the highest, current priorirites.
- Restricted Bequest
- I give and bequeth to St. Simons Land Trust, a non-profit organization (Tax ID # 58-2598986), with a principal business address of P.O. Box 24615, St. Simons Island, GA 31522, the sum of _____ dollars ($___) - OR - ___% of my residuary estate - OR ___% of my IRA account (or other account) as a restricted bequest to support _________________ (e.g, education, conservation, recreation, historic preservation, developing a "war chest" for land acquisitions).
Planned Giving creates a powerful legacy beyond your lifetime, amplifies the impact of investments you’ve already made in the community, and sustains the St. Simons Land Trust’s mission and the island. Forever.
If you have already included the Land Trust in your estate plans, please let us know so that we can appropriately recognize your legacy gift. Thank You.