44.914664, -70.706210 DIRECTIONS About South Bog South Bog is a 1000-acre working forest with two unique trail experiences; a short interpretive trail highlighting the conservation area’s rich natural resources and a stream restoration effort and a longer multi-use trail to Rangeley Lake. The interpretive trail leaves from the parking area and follows the eastern …
In-will bequest commitments are the most frequent type of planned gift received by RLHT. Bequests can be undesignated or designated, specific, conditional, or residual. If you already have established a will, a codicil can be established to make amendments to include RLHT as a beneficiary.
Sample bequest language:
“I hereby bequeath (specify a percentage of your residuary, amount, or specific property) to Rangeley Lakes Heritage Trust, Inc, a nonprofit corporation operating in Rangeley, Maine, (Federal Tax ID #01-0472641), for its general use and purpose. If circumstances make the specified use of this bequest no longer practical or desirable, the RLHT Board of Directors is hereby authorized to make changes in its use while keeping as close as possible to the spirit and general intent of the bequest.”
With stock markets at record highs, donating appreciated stock and mutual funds continues to be a common way to support RLHT throughout the year. Gifts of appreciated stock may allow you to make a larger donation than with cash to fund your commitment to RLHT. While gifts of publicly traded stock are the most common, you can also give restricted or closely held stock, under the right circumstances.
An outright gift of cash to RLHT is the most common method of giving and provides immediate funds for conservation initiatives. Please consult with your tax planner to ensure that donating cash is the most tax-wise way for you to support RLHT.
One of the simplest and most tax-wise ways to include RLHT in your estate planning is through your IRA, 401(k), 403(b), or another retirement plan. Using retirement assets to make a gift while leaving other assets to your heirs results in a reduced tax burden to your estate or heirs. Completing a beneficiary designation form requires minimal paperwork and often can be accomplished directly on the retirement plan provider’s website.