You may make a gift of the estate or part of the estate that you may desire to leave for the benefit of the foundation and a family legacy. The estate may include immovable estate property or other in-kind assets. This can be done by filling out the Pledge Form reflecting the estimated value of the estate, with a detailed description in the comment box. Once the pledge form is submitted, the foundation Admin will connect you with an estate attorney that is on the foundation panel and they can help the process by way of will or trust at no cost to the donor. for more information, please email us at admin@ulefusa.org 

Create A Lasting Legacy

A charitable gift of farmland or estate plays a critical role in planning for your family’s financial future and opens new opportunities. Whether you intend Foundation to maintain the farm or reinvest the proceeds from its sale, you can help advance transformational education, research, and outreach for decades to come. With a special place in your heart for the memories that an estate holds and the values it represents. Yet, when you think about the farm’s future, you may find yourself in one or more of these positions:

Your family isn’t interested in operating the farm or estate. You need consistent income your farm may not deliver. Managing the farm now or in the future is more responsibility than you care You want peace of mind about how the farm will be managed in the future. There are benefits that could come from an estate structured around the charitable gift.

You Can Transfer Your Estate To Foundation In So Many Ways Outright Gift

This choice is often the best method for donors with substantial assets in addition to farmland property. If you have owned the land longer than one year, an outright gift receives favorable tax treatment, including these benefits: Income tax charitable deduction for 100% of the fair market value of your estate. No capital gains taxation on past appreciation of value. Reduction of your taxable estate by the value of your gift.

Gift By Will Or Trust

Leaving your family farm/estate to the Foundation through your will or trust may be the most appropriate method for you. The use of the farm /estate income after death is designated in a fund agreement executed by you with the Foundation creating a legacy in a preferred name/ label. This method offers you flexibility during your lifetime and the potential benefit of a charitable estate tax deduction.

Gift With Retained Life Estate

Federal tax laws permit donating your farm while retaining full use and responsibility of the farm during your lifetime and that of your spouse or another beneficiary. You will receive an income tax deduction at the time of your irrevocable gift

Charitable Trust

A charitable lead trust provides a source of payments to the Foundation to support the programs you designate. Payments can be set up for a designated amount of time from years to a lifetime. Upon termination of the charitable payments, the remainder interest may revert to you as the donor or to your designated heirs.

For Questions, Please Contact Us At admin@ulefusa.org