Planned Giving

Planned & Endowment Gifts

Contribute to Lotusland’s future by making a gift to endowment, or plan for a special gift, such as a bequest in your will or a trust that pays you income. There are many creative and flexible planned giving options that can benefit you and the Garden.

  • Appreciated securities are an excellent way of funding many of these gifts, often unlocking greater income while eliminating, or at least reducing, capital gains tax. (See the Planned Gift Glossary for a definition of the capital gains tax and other relevant terms.)
  • Donors who contribute to endowment through an outright or planned gift or make a provision for the Garden in their estate plans are eligible to join The Lotus Society.

Estate Planning

One easy way to include Ganna Walska Lotusland in your estate plan is to name us as a beneficiary of your donor advised fund, retirement plan, IRA, or life insurance policy. Doing so is as simple as filling out a beneficiary designation form from your plan provider or administrator.

Best of all, such a gift qualifies for membership in The Lotus Society, a group that recognizes the generosity of donors who contribute to Lotusland in this special way.

Endowment Gift Options

Your endowment gift may be designated for a specific garden, program or purpose. Please let us know if you wish to restrict the use of income from your gift. Naming opportunities are available.

You may wish to make your endowment gift in honor or in memory of another person.

Ways to Give

  • Bequests
  • Charitable Gift Annuities
  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Retirement Assets
  • Life Insurance
  • Real Estate

Contact Us

We look forward to helping your create your legacy! For more information on how these gifts might work for you, please call Rebecca Anderson, Director of Development or email: randerson@lotusland.org

Development Office
Ganna Walska Lotusland 695 Ashley Road

Santa Barbara, CA 93108
Phone (805) 969-3767, ext 104

Our legal name for your estate plans is: Ganna Walska Lotusland
Tax ID # 23-7082550

 

Planned Giving Glossary

Annuitant: One who receives annual fixed payments from an annuity

Annuity: A fixed sum payable annually

Appreciated securities: Stocks and/or bonds that have increased in value since they were acquired

Beneficiary: The person named to receive the income from, or remaining assets of, a trust

Bequest: A gift through one’s will

Capital gains tax: The tax imposed upon profits realized from the sale of financial assets that have increased in value since they were acquired

Codicil: An addition to a will that either modifies it or revokes part of it

Gift tax: A tax imposed on someone who gives money or property to another person without compensation

Irrevocable gift: A gift that cannot be annulled, undone, or changed

Mutual fund: An investment company that invests the money of its shareholders in a diverse group of securities of other corporations

Present value: The value, in today’s dollars, of assets to be received at some future time

Principal: The initial sum invested or borrowed, or the remainder of that sum after payments have been made

Real property: Immovable property; land, together with all the property on it that cannot be moved, together with any attached rights; often referred to as “real estate”

Retained life estate: The right to use property for life (usually a residence or a farm) after contributing the remainder interest to a charitable institution

Retirement accounts: Qualified plans like IRAs and 401(k) accounts that permit individuals to accumulate savings tax-free for retirement

Tangible personal property: Includes movable objects (e.g. china, books, cars, clothes, art, etc.) but does not include land, buildings, or other forms of real estate (real property—see above), or stocks, bonds, copyrights, cash, or other “intangible” personal property

Trust property: Property held in trust by one person (trustee) for the benefit of another (beneficiary)

Variable income: Payments received on a regular basis that are subject to change, not fixed