In order to continue our mission of conserving Wyoming’s open spaces and working ranch lands, we need your support. Your contribution is much appreciated.
As you consider your charitable gift giving, remember that gifts made now can generate income tax deductions and reduce your tax bill. Charitable gifts to the Stock Growers Land Trust can be made in the form of cash, check, electronic transfers or gifts “in-kind”. When you itemize your tax deductions, charitable gifts may be used to eliminate federal income tax on up to half of your adjusted gross income.
A memorial gift provides a thoughtful way to honor a loved one. Gifts can be dedicated to the memory of, or in honor of a special person
Gifts can also be made of goods or services or — real estate. Each of the conservation easements held by the Stock Growers Land Trust has a donated component; the majority of the easements we hold were donated outright. Conservation-minded landowners have found conservation easements to be a valuable tool in their estate planning or in the transfer of their operation to the next generation of their family, a valued employee or on the open market.
A conservation easement is a lasting legacy. In the words of one landowner, “my great-grandfather spent his whole life putting this ranch together. We want to keep it that way to honor his memory and accomplishment.”
Our Ranchland Succession Program aims to help ranchers ensure their land remains in agriculture and in the hands of the next generation of working ranchers, even if retiring ranchers have no heirs.
Or, perhaps you have a house, condo or land you no longer need. Gifts of fee-title real estate can be donated to the Land Trust and sold to support our operations. Talk with your tax advisor to see if any of your unwanted assets can be used to better advantage.
Retirement plan assets can be a practical source from which to make gifts to the Stock Growers Land Trust. Many tax and financial advisors suggest using these funds to make charitable gifts because amounts withdrawn from retirement accounts can be taxable to you and to your heirs if left to them. Giving in this way may result in little or no tax impact when you report the amount withdrawn along with an offsetting charitable deduction.
Giving securities (stocks, bonds, and mutual funds) that are worth more than they cost can bring additional tax savings. Such gifts are generally deductible for income tax purposes at their full current value if they have been owed for longer than one year. They can be used to offset tax on up to 30% of your adjusted gross income. As an additional benefit no tax is owed on capital gains that could be due in the event of a sale. If you have investments that are now worth less than they cost, consider selling them and using the cash proceeds to make a charitable gift. This creates a loss you may be able to deduct from your taxable income as well as a deduction for the amount of the cash contribution. The combined deductions for the gift and the loss may total more than the current value of the investment.