Flamingo Gardens is thankful to the numerous individuals who have made future plans for the garden through their wills and estate planning. These deferred, or planned, gifts provide long-term support for the botanical gardens and wildlife sanctuary and maximize the benefit to you, as a tax payer, by potentially lowering estate, gift and income taxes.
A Planned Gift may be restricted towards a particular program, area, or exhibit, that you identify with. If you would like to restrict your gift, please contact us so that we may help align your gift in the best possible way.
There are numerous ways to to support the long-term success of Flamingo Gardens with Planned Gifts. Below are a few examples of gift structures that may work for you:
Cash donations to Flamingo Garden’s Endowment Fund help secure the long-term success of the garden and wildlife sanctuary while securing, in most cases, an income tax charitable deduction for the full value of the gift. Cash gifts are one of the simplest gifts to make.
Tangible personal property such as art, furniture, automobiles, boats, and equipment may be donated to Flamingo Gardens if it may be used by Flamingo Gardens for its operations, or may be sold for the benefit of the organization in a timely and practical manner.
Bequests, or Testamentary Gifts, are the simplest of Planned Gifts. You may choose to include Flamingo Gardens in your will or trust as recipient of a specific value or percentage of your estate. This may potentially lower your estate taxes.
Sample Bequest Language:
I give, devise and bequeath to the Floyd L Wray Memorial Foundation, for the support of Flamingo Gardens in Davie, Florida, the sum of $_____________; OR, ___________% of the residue of my estate; or, my interest in (describe property and exact location of specific property).
Real estate You may choose to give Flamingo Gardens a gift of Real property. If you deed your property to Flamingo Gardens, you may choose to remain in your home for life. This is called a retained life estate and will create an income and federal tax deduction for you.
Gifts of Securities You may choose to give Flamingo Gardens a gift of stocks, bonds, or other securities which may be liquidated upon receipt, or upon the expiration of any holding period, for the benefit of the organization. Gifts of interests in closely-held entities, such as corporations or limited partnerships, are generally not accepted; however, exceptions may be made by the Board of Trustees.
Charitable Lead Trusts are established when you allocate assets to a trust. One or more charities, as designated by the donor, receive payment dispersals from this trust. When the trust’s lifetime is reached, the assets then pass to the donor or designated individuals.
Charitable Remainder Trusts are established when you allocate assets to a trust. Payments from the trust are distributed to the Donor (or other individuals) for life or for a term of years. When the end of the trust’s lifetime is reached, the remainder of the trust is passed on to Flamingo Gardens if so dedicated.
Life insurance If you own a fully paid life insurance policy that you may no longer need you may choose to name Flamingo Gardens as a beneficiary to all (or a percentage) of policy. You may receive a charitable estate tax deduction for the portion you designate to Flamingo Gardens.
Retirement Plan assets or IRA benefits Choose to name Flamingo Gardens as a beneficiary of your retirement plan assets or IRA and receive the appropriate charitable estate tax deduction.
Savings bonds There are fewer tax consequences in transferring savings bonds to Flamingo Gardens than to individuals.
For complete details on the acceptability of Planned Gifts please see the Gift Acceptance & Administration Policies for the FLoyd L. Wray Memorial Foundation.
If you or your attorney have any questions about how best to accommodate your estate planning goals with a gift to Flamingo Gardens, or for more information about the Legacy Society, please contact Keith Clark, Director of Development, at 954-473-2955 x131 or email at email@example.com.
The Flamingo Gardens Legacy Society
The Flamingo Gardens Legacy Society has been established to honor Flamingo Garden’s loyal supporters who have made a Planned Gift or included a bequest to Flamingo Gardens in their wills.
The Legacy Society meets annually for a thank you reception in the garden with Flamingo Garden’s Executive Director and Board of Trustees. New Legacy Society members receive a plant as a thank you gift for remembering us in their will or estate planning.
If you have made a bequest to Flamingo Gardens Botanical Collection or Everglades Wildlife Sanctuary, please let us know so that you can be recognized as a member of the Legacy Society. Your gift will serve as an inspiration for others. If you choose to remain anonymous, we will certainly respect your wishes.