Illinois has an abundance of fresh water. 120,000 miles of rivers and streams provide us with drinking water, protect us from floods, give home to countless wild species, and provide flowing waters for recreation and navigation. The benefits of rivers are truly innumerable. Rivers are the lifeblood of Illinois, and we must protect them.
You can help ensure that Prairie Rivers Network has the continued resources to protect clean water and healthy rivers with a gift to our Endowment and/or a planned giving gift to Prairie Rivers Network.
Join the PRAIRIE RIVERS NETWORK LEGACY SOCIETY by giving to our Endowment today or setting up your planned giving and leave a legacy of clean water and healthy rivers.
Prairie Rivers Network Endowment
The Prairie Rivers Network Endowment is a permanent investment fund to enhance and sustain the work of Prairie Rivers Network
Prairie Rivers Network Endowment Funds
Our Endowment funds offer you an opportunity to safeguard our rivers and streams for generations to come:
Permanent Fund for Rivers
True endowment with gifts & assets to be held permanently; earnings are used to support operations.
Quasi-endowment to support long-term operations; board reserves power to draw upon the fund principal under narrow circumstances.
Named Endowment Funds
Permanent or quasi-endowment fund created in honor or memory of a person; donor may set guidelines governing uses of funds.
Read more about the Prairie Rivers Network Endowment in our Board resolution creating the PRN Endowment.
Planned giving, as part of your Endowment gift or for annual program expenses, Your contribution to the Prairie Rivers Network Endowment through a single cash donation or as part of your planned giving is an investment in conservation that lives on long after the gift is made.
- Bequests can be a specific dollar amount, a percentage of your estate, or a percentage of the residual (what is left over after specific bequests are made).
- Bequests may be in cash, securities, real or personal property, life insurance proceeds.
- You can name a charitable organization as a contingent beneficiary. A contingent beneficiary provides for unforeseen events when the original beneficiary is unable to accept the gift.
- Gifts by will or living trust are simple and revocable. You may change your estate plans as your circumstances change.
- A charitable gift by will or living trust can often provide significant estate tax savings.
- Contributions from an IRA or other retirement account may also provide particularly significant tax savings.
- Charitable gift annuities can provide a lifetime income stream to the donor, while also offering an immediate tax deduction.
A bequest is easy to arrange and does not alter the resources you need for your current lifestyle. A bequest can be easily modified if your plans change.
Below is sample language you can use to designate a planned gift for Prairie Rivers Network. An attorney or tax advisor can help you make sure your plan is based on your specific circumstances.
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Prairie Rivers Network (Tax ID 37-6085905), located in Champaign, IL, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support.
Specific Gift Language
Naming Prairie Rivers Network as a beneficiary of a specific amount from your estate is easy:
I give and devise to Prairie Rivers Network (Tax ID 37-6085905), located in Champaign, IL, the sum of $___________ (or asset) to be used for its general support.
Contingent Gift Language
Prairie Rivers Network can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to Prairie Rivers Network (Tax ID 37-6085905), located in Champaign, IL, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support.
Retirement Plan Beneficiary Language
You may name Prairie Rivers Network as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisors regarding the tax benefits of such gifts.
Naming Prairie Rivers Network as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Prairie Rivers Network as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the asset passes to support Prairie Rivers Network free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Prairie Rivers Network.
Please Contact us about Your Legacy Gift
We would be happy to talk with you or your attorney to discuss or Endowment funds or customized beneficiary language that is specific to your goal and interest.
When you make a planned gift, you’ll be welcomed into Prairie Rivers Network’s Legacy Society. Even if you wish to remain anonymous, please let us know about your planned gift to help us plan for the future.
Please contact Carol Hays at (217) 344-2371 x201 or at email@example.com.