Across the Watershed - Winter 2001

Did you know that almost 70% of Americans die without a will? Of the 30% who do have wills, only 7% make a charitable bequest, a gift that is made through a donor's will. This number is astonishingly low when one understands the tax benefits and how easy it is to put a bequest in a will. The benefits to donors are clear: They don't have to part with any money until they die, and they won't owe any estate tax on the amount of the bequest.

As new GSWA Chairman David A. Budd observes, "Clearly, GSWA's work to preserve local open space, protect animal habitat, and maintain water quality will be needed well into the foreseeable future. In order to help meet this need, I've included a bequest in my will to leave a specified amount to the Association. The language is simple, and the effect is to reduce estate taxes while helping to assure the Watershed Association's future."

Another longtime GSWA member who prefers to remain anonymous says, "I've included the Watershed Association in my will because I believe in its long-term mission and want to see its work continue for years to come. This is a smart, easy way to donate money and achieve a tax saving as well. I encourage other members to consider doing likewise."

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