319.338.7030
5 Sturgis Corner Drive, Suite 1250, Iowa City, IA 52246
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Legacy Giving

Planned giving or legacy giving, is a term that covers all kinds of charitable giving, which allows you to leave a real legacy with lasting, positive impact that continues far beyond your lifetime. We recommend consulting with your attorney or tax advisor about the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisors to answer questions or help arrange a legacy gift to Bur Oak Land Trust. Our future programs depend on the partnerships we form today.

Q: What language should I include in my will or trust to make an unrestricted gift?
A: You may designate your bequest to be used by Bur Oak Land Trust for its general charitable purposes by including the following language in your will or trust:

In the event that _________________, then I give to Bur Oak Land Trust, of Iowa City, Iowa, the sum of $_______ to be used in the discretion of the Board of Directors to further the tax-exempt purposes of such organization.

In the event that _________________, then I give to Bur Oak Land Trust, of Iowa City, Iowa, _______ percent of my estate to be used in the discretion of the Board of Directors to further the tax-exempt purposes of such organization.

In the event that _________________, then I give to Bur Oak Land Trust, of Iowa City, Iowa, _______ percent of my trust to be used in the discretion of the Board of Directors to further the tax-exempt purposes of such organization.

In the event that _________________, then I give to Bur Oak Land Trust, of Iowa City, Iowa, 1/_____  of my [qualified retirement account][IRA account] to be used in the discretion of the Board of Directors to further the tax-exempt purposes of such organization.

Bequest language may vary from state to state, so it is advisable to use an attorney who understand local estate laws. With that in mind, we suggest that you provide the following information to your attorney:

Official name: Bur Oak Land Trust
Federal ID: 42-1104058
Principal place of business: 5 Sturgis Corner Drive, Suite 1250 (PO Box 2523), Iowa City, IA 52246

Q: How can I give a legacy gift to Bur Oak Land Trust?
A: There are several ways to give.

1. Gift of cash and other assets such as appreciated stock: An outright gift of cash is the simplest way to give. Decide how much you wish to donate and have your attorney include your bequest to Bur Oak Land Trust in your will or trust, or as a codicil (amendment) to your will.

2. Designation as Beneficiary of Retirement Plan or IRA: You can name Bur Oak Land Trust as a beneficiary of your retirement accounts, including pension plans, profit sharing plans, stock bonus plans, Keogh Plans, 401(k) plans, and Individual Retirement Accounts (IRAs). You can decide whether to leave a percentage or the entire amount of your retirement account to Bur Oak Land Trust.

3. Insurance Beneficiary Designation: Many donors choose to name charities as beneficiaries of their life insurance policies. You can name Bur Oak Land Trust as the primary or secondary beneficiary of your life insurance policy by simply contacting your insurance agent.

Q: Does Bur Oak Land Trust have an endowment?
A: Bur Oak Land Trust has a Donor Designated funds for Property Stewardship and Equipment and a board designated fund for Land Acquisition. There is also a Bur Oak Land Trust endowment fund at the Community Foundation of Johnson County.

Q: What is the Bur Oak Land Trust Legacy Society?
A: Bur Oak Land Trust’s Legacy Society is a special group of benefactors who have indicated that Bur Oak Land Trust is included in their wills, estate plans, or beneficiary designations. As a member of the Legacy Society, please know that we appreciate your advanced thinking and the things that you will make possible for this organization and future generations!

If you have already included Bur Oak Land Trust in your estate plan or are considering making a legacy gift , please call Tammy Wright at (319) 338-7030 or tammy@buroaklandtrust.org.