Planned Giving - The Cogswell Legacy Society
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Leave an investment to SFBBO and become a member of The Cogswell Legacy Society, a group of extraordinary men and women who have demonstrated their belief in the work and mission of SFBBO by including the organization in their estate plans. The Society is named for Dr. Howard Cogswell to honor his generosity to SFBBO and his conservation leadership in the Bay Area. To speak with someone about supporting SFBBO with a planned gift, please contact [email protected].
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Dr. Howard Cogswell
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Bequests Through a Will or Trust
You can make a gift to SFBBO in your will by designating a specific dollar amount, a percentage of the estate, or a percentage of the remaining part of the estate (residual) after other distributions are made. You can make this decision at any time. If you do not have a will written yet, or have not reviewed it lately, these are excellent reasons to create or modify your will and discuss this potential sample language with your attorney:
“I give, bequeath, and devise (all or ____ percent of) the rest, residue and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to San Francisco Bay Bird Observatory, a California nonprofit organization, to be used for its general purposes.”
SFBBO's federal Tax ID number is 94-2788588.
Ways to Leave A Bequest Without a Will or Trust
Many generous people wish to create a legacy for SFBBO but have no interest in writing a will or a trust. These options can still be considered if one does have a will or a trust.
Retirement Funds
You can name SFBBO as a beneficiary or contingent beneficiary of an IRA, 401(k) Keogh account, or other retirement plan. By naming SFBBO as a beneficiary of your retirement account, you can ensure that those assets will not be included in your taxable estate, and should pass to SFBBO tax-free. You can make such a gift by completing a change of beneficiary form. There should be no fees involved, and it does not require any work on the part of an accountant or attorney.
Insurance Policies
Life insurance may be used to create a legacy by naming SFBBO as a beneficiary or contingent beneficiary of the policy. This requires that you complete a change of beneficiary form with the insurance company. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. If you name SFBBO as a beneficiary, you can change your mind at any time by updating the change of beneficiary form.
Bank or Investment Accounts
You may name SFBBO as successor to your bank or investment account in most states. The arrangement is known as Transfer-on-Death/Payable-on-Death or TOD/POD. This requires that you complete a form directly with your financial institution. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. TOD/POD gifts are completely revocable. You can change your mind at any time by filling out a new form.
Share Your Plans
If you aare considering making a gift to SFBBO in your will or in other accounts, or if you've already included us in your plans, please let us know so we can thank you appropriately.
You can make a gift to SFBBO in your will by designating a specific dollar amount, a percentage of the estate, or a percentage of the remaining part of the estate (residual) after other distributions are made. You can make this decision at any time. If you do not have a will written yet, or have not reviewed it lately, these are excellent reasons to create or modify your will and discuss this potential sample language with your attorney:
“I give, bequeath, and devise (all or ____ percent of) the rest, residue and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to San Francisco Bay Bird Observatory, a California nonprofit organization, to be used for its general purposes.”
SFBBO's federal Tax ID number is 94-2788588.
Ways to Leave A Bequest Without a Will or Trust
Many generous people wish to create a legacy for SFBBO but have no interest in writing a will or a trust. These options can still be considered if one does have a will or a trust.
- Name SFBBO as a beneficiary of a retirement fund
- Name SFBBO as a beneficiary of a retirement policy
- Name SFBBO as a successor to your bank or investment account
Retirement Funds
You can name SFBBO as a beneficiary or contingent beneficiary of an IRA, 401(k) Keogh account, or other retirement plan. By naming SFBBO as a beneficiary of your retirement account, you can ensure that those assets will not be included in your taxable estate, and should pass to SFBBO tax-free. You can make such a gift by completing a change of beneficiary form. There should be no fees involved, and it does not require any work on the part of an accountant or attorney.
Insurance Policies
Life insurance may be used to create a legacy by naming SFBBO as a beneficiary or contingent beneficiary of the policy. This requires that you complete a change of beneficiary form with the insurance company. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. If you name SFBBO as a beneficiary, you can change your mind at any time by updating the change of beneficiary form.
Bank or Investment Accounts
You may name SFBBO as successor to your bank or investment account in most states. The arrangement is known as Transfer-on-Death/Payable-on-Death or TOD/POD. This requires that you complete a form directly with your financial institution. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. TOD/POD gifts are completely revocable. You can change your mind at any time by filling out a new form.
Share Your Plans
If you aare considering making a gift to SFBBO in your will or in other accounts, or if you've already included us in your plans, please let us know so we can thank you appropriately.