End of Year Planning and Giving

Year-end planning and giving ideas:

In addition to our ongoing conservation work, The Ozark Society has enjoyed other recent notable achievements. Consider our Youth Grants program, designed to provide environmental education for the next generation. The “First River” documentary has also been a resounding success and has appeared several times on Arkansas Public Television. Our Sassafras Hiking Award is challenging Arkansans to get out and enjoy our exceptional trails. And let’s not overlook recent publications such as “Letters to Dan,” and “Trees, Shrubs, and Woody Vines of Arkansas.” As these programs require funding, we hope you will consider The Ozark Society in your end of year planning.

Donations to The Ozark society can be directed to any of the following spending categories: Conservation, Legal, Youth Grants, or Endowment Fund. Here is the link:
www.ozarksociety.net/donations/

Or you can also add a donation while you renew your membership for 2024:
www.ozarksociety.net/membership/

Below are some additional giving strategies that can save you tax dollars.

Tax free giving from RMDs.

If you are subject to required minimum distributions (RMDs) from your IRA or 401k, any charitable contribution from those funds is not taxed as income to you. This is a great way to reduce your tax bill and support your favorite organizations.

Giving to reduce capital gains.

If you have equities or real estate that you’ve been reluctant to sell due to the tax bill on capital gains, consider donating the asset to The Ozark Society endowment account managed by The Arkansas Community Foundation. The Ozark Society will receive income from the full value of the assets in perpetuity. Not only will you not have to pay capital gains, but you can take a tax deduction for the current value of the asset. This is a double tax benefit. All such assets are accepted. To find out more, call Ashley Coldiron at The Arkansas Community Foundation at this number: 501 372-1116.

Planned Giving If you’re interested in legacy giving beyond your lifetime, The Arkansas Community Foundation will work with your attorney to incorporate gifts of equities, real estate, life insurance, or retirement accounts, into your estate plan. The income from any such gifts will provide income to The Ozark Society into perpetuity.