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The
Horizon Society
If
we could see over the horizon we could identify the many
conservation needs which will require solution
and support in Illinois in the years to come. That is why
the Illinois Conservation Foundation has a Vision beyond
the horizon of
today.
The
vision
of the Illinois Conservation Foundation is to become the primary
source of contributed conservation
funds in order to preserve our precious natural resources,
conduct research, and foster education and recreation for the
people of
Illinois. The "Horizon Society" has been established
to support that vision.
"The
Horizon Society" members
have made significant financial contributions during
life, or as part of their estate plans; to
a restricted endowment managed by the Illinois Conservation
Foundation. This restricted
endowment, known as the Horizon Fund, provides a long-term
continuing source of conservation funds. Membership is open
to individuals who have contributed lifetime gifts of at
least $5,000 or made commitments in their estate plans providing
$10,000 or more to the Horizon Fund.
Below are
three convenient ways to achieve membership in the society
each of which can lower taxes by avoiding income and/or
estate taxes that might otherwise be due.
- A lifetime gift of $5,000 or more in cash or appreciated
securities is a simple and easy method to achieve membership.
Appreciated securities can lower the cost further by avoiding
capital gains taxes that could otherwise be due.
- A gift after death of $10,000 or more as part of
an estate plan removes the asset from estate taxes
that otherwise might be due. A gift made by designating
a portion of an IRA or other deferred benefit plan
to the Horizon Fund of the Foundation could be particularly
attractive as it potentially avoids not only estate
taxes but income taxes that could also be due.
- For
those who would like to make
a gift of $10,000 or more
now, but retain the income from
this gift for the balance of
their life a "Pooled Income
Fund" could be a very attractive
choice. The donor would receive
a partial current income tax
deduction, but retain the dividends
and interest on the contributed
assets for life.
If
you would like to receive more information on how you can support
conservation beyond
the horizon and obtain an invitation to join others as a member
of the "Horizon Society" please
contact The Illinois Conservation Foundation by
phoning (217) 785-2003, or write: Executive Director, One Natural
Resources Way, Springfield, IL 62702-1271.
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