Gifts That Make An Impact After Your Lifetime


An estate gift provides significant support to Arizona Elk Society. The gift can be made through a will or a trust, and both vehicles enable assets to be distributed to individuals and nonprofit organizations in the amounts or proportions indicated.

An estate gift provides the following benefits:

  • The opportunity to make a major gift while preserving assets during your lifetime
  • Reduction in federal estate taxes
  • The opportunity to designate the gift to support a specific program or service offered by Arizona Elk Society.

All assets, including cash, securities, real estate and tangible personal property, may be transferred to Arizona Elk Society through a donor’s estate. Estate gifts can be made in the following ways:

  • Specific Bequest – Arizona Elk Society receives a specific dollar amount, a specific piece of property or a stated percentage of the estate. This is one of the most popular forms of bequests
  • Residuary Bequest – Arizona Elk Society will receive all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes and expenses.
  • Contingent Bequest – will receive part or all of the estate under certain specified circumstances.

Retirement Plan Options

Making a gift of a qualified retirement plan asset such as a 401(K), 403(b), IRA, Keogh or pension plan is another way to benefit Arizona Elk Society and receive significant tax savings. Retirement plan assets are often subject to extremely high estate taxes and the income is fully taxable when received by an individual beneficiary. By naming Arizona Elk Society as the beneficiary of a retirement plan the donor maintains complete control over the assets during his/her lifetime, but at the donor’s death the plan passes to Arizona Elk Society free of both estate and income taxes. When creating an estate plan, donors may wish to consider leaving his/her heirs other assets, such as cash and securities, which are not as highly taxed.