Planned Giving

Your Ocean. Your Philanthropy. Your Legacy.

Climate change. Overfishing. Habitat destruction. When we think about these and the many other challenges the ocean is currently facing, it's easy to question how to make an impact. The answer is that together we can make a positive difference. For 25 years, REEF has worked to protect biodiversity and ocean life, through citizen science, education, and partnerships with the scientific community.

Our goal is to help our donors make an impact on ocean conservation through philanthropy – immediately or through estate plans. For more information or to discuss possibilities with our Development Manager, contact Bonnie Barnes at (303) 852-0030, or email: bonnie@REEF.org.

Don’t Wait to Leave Your Legacy

REEF will work with individuals, families, and businesses to create personal, permanent, and powerful legacies. REEF’s Planned Giving Program provides donors an opportunity to make gifts in the following forms: wills and bequests, gifts of remainder interest, stocks and other securities, life insurance policies, charitable lead (income) trusts, irrevocable trusts, gifts of undivided interest in property, and automobiles, boats, and other personal property.

Your long-term commitment to REEF provides us the ability to plan, implement, and respond to the changing needs of our marine environment. With your legacy gift, REEF can capitalize on our growing success and momentum, ensuring that our important marine conservation work continues for generations to come.

Beyond providing unrestricted support in areas of greatest need, you gift can make a difference for a specific REEF program or initiative, such as ground-breaking research, education initiatives, or citizen science programs. REEF has been credited as one of the most effective and efficient marine data collection and conservation organizations.

REEF is an international marine conservation organization that implements hands-on programs involving local communities in conservation-focused activities. The organization is based in Key Largo, Florida, with west coast offices in California. REEF has grown to over 66,000 members worldwide, with broad reaching programs managed by a combination of dedicated staff, interns, and volunteers. REEF’s citizen science program has generated one of the largest marine life databases in the world with over 222,000 surveys conducted since the program started in 1993. In addition, REEF coordinates outreach and education programming to a wide audience.

REEF’s annual budget of $1.6 million facilitates conservation-based education programs, citizen science data gathering programs, public outreach, internships, and highly impactful conservation initiatives. REEF’s tagline, Explore. Discover. Make a Difference., epitomizes the active stewardship role that citizens play in world changing conservation. We hope you will honor our work with your legacy.

Planned Giving Opportunities That Ensure REEF’s Mission Continues

REEF’s Planned Giving Program provides you with a broad range of opportunities to provide lasting support of our mission through charitable contributions that are incorporated into your financial, tax or estate plan.

The benefits of planned giving can include:

•                Immediate tax relief through an income tax charitable deduction

•                Annual income for life or for a period of years

•                Reduction or elimination of capital gains taxes on transfer of long-term appreciated assets

•                Reduction of estate taxes

•                Transfer assets to heirs at reduced tax rates

Some gifts allow you to receive income for the rest of your life, and most gifts provide a variety of tax benefits such as tax-free income, avoidance of capital gains tax, increased charitable contributions deduction and potential estate-tax savings. The choice you make will depend on the goals for yourself, your family and your overall estate and financial plans.

Our development office is happy to talk to you about planned giving options, and we encourage you to speak with your own financial advisor about the best choice for you and your family.

Wills & Bequests

A will enables you to: 1) direct the distribution of your assets; 2) provide for your heirs in the way you choose rather than as state and federal laws dictate; 3) possibly reduce or eliminate certain estate taxes and court costs; and 4) designate a portion of your assets as a gift to your favorite charity.

Testamentary gifts to REEF or other charities can take many forms, either through a new will, or through a ‘codicil’ – an amendment to your existing will.

Cash Bequest

REEF receives a specified dollar amount.

Specific Bequest or Devise of Property

REEF receives specified assets, such as securities.

Residuary Bequest or Devise

REEF receives all or a percentage of the remainder of your estate after specific legacies, debts, taxes, and estate expenses have been paid.

Contingent Bequest or Devise

REEF receives a gift according to the language of the bequest. There are a wide variety of conditions that you could place on such a bequest. For example, if you outlive other named beneficiaries, then part or all of your estate would benefit REEF.

 

Examples of Testamentary Language

Unrestricted Bequest
I give and bequeath to Reef Environmental Education Foundation, a non-profit organization (Tax ID #65-0270064), with a principal business address of 98300 Overseas Highway, Key Largo, FL 33037, for its general purposes, the sum of ______ Dollars ($______ ) – OR – ______% of my residuary estate.

An unrestricted bequest allows your support to be used in the area of greatest need.

Restricted Bequest
I give and bequeath to Reef Environmental Education Foundation, a non-profit organization (Tax ID # 65-0270064), with a principal business address of 98300 Overseas Highway, Key Largo, FL 33037, the sum of ______ dollars ($______ ) – OR – ______% of my residuary estate to support ______________ (e.g, education, lionfish, or volunteer fish survey project).

If you have a more specific purpose in mind, please contact us so we can work with you to ensure that your wishes are met.

Tax Benefits
Your bequest to REEF may qualify your estate for a charitable deduction equal to the entire amount of the bequest. Consult your tax or financial adviser for further information.

Charitable Remainder Trust
One or more named beneficiaries receive income for life or for a specified term of years, after which time the assets pass to REEF. Through this arrangement, you can provide income to family members or friends, realize significant tax savings, and ensure important benefits to REEF after the trust’s termination.

Charitable Lead Trust
Income from the trust is paid to REEF for a period of years, after which time the assets pass to your heirs, usually your grandchildren, at a reduced estate tax cost. By substantially reducing estate and other transfer taxes, this arrangement allows you to preserve a larger portion of your estate for your beneficiaries.

Retirement Plans
IRAs, 401(k)s, 403(b)s, Keoghs, and other retirement plan assets make up an increasingly large part of many estates. When left to your heirs, these assets can be subject to income, estate, and other transfer taxes. Naming REEF as a beneficiary or contingent beneficiary of all or a percentage of your plan assets may reduce or eliminate both income and estate taxes. Note that designating a specific dollar amount, rather than a specified percentage, may result in the inclusion of these funds in your gross estate for tax purposes.

To designate REEF as the beneficiary of some or all of your retirement plan funds, please use the following language on the retirement plan forms:

Retirement Plans
I give and bequeath to Reef Environmental Education Foundation, a non-profit organization (Tax ID # 65-0270064), with a principal business address of 98300 Overseas Highway, Key Largo, FL 33037, the sum of ______ dollars ($______ ) – OR – ______% of my residuary estate for its general purposes – OR – to support _________________ (e.g. education, lionfish, or volunteer fish survey project).

Retirement plan assets can also be placed in a testamentary charitable remainder trust to provide income to your heirs for life or a specified term of years with the remainder interest passing to REEF.

For more information or to discuss possibilities with our Development Manager, contact Bonnie Barnes at (303) 852-0030, or email: bonnie@REEF.org.

This information is intended to provide general gift planning information. Our organization is not qualified to provide specific legal, tax or investment advice, and this information should not be looked to or relied upon as a source for such advice. Consult with your own legal and financial advisors before making any gift.

REEF’s focus is to develop strong programming to engage and inspire the public through citizen science, education, and partnering with the scientific community to achieve a healthier ocean. This commitment to our mission has been recognized by Great Nonprofits and REEF has earned the Gold Seal of Transparency with GuideStar. This means your donation goes directly to making a difference for our ocean.

Reef Environmental Education Foundation, Inc. Nonprofit Overview and Reviews on GreatNonprofits

 

REEF is a 501(c)3 non-profit organization in the US. Our tax ID number is 65-0270064.
Donations are 100% tax-deductible as allowed by law.
Gifts described on this page support all REEF programs and are not designated for any specific work.

REEF ENVIRONMENTAL EDUCATION FOUNDATION, INC., (REEF) IS REGISTERED WITH THE STATE UNDER THE SOLICITATION OF CONTRIBUTIONS ACT, 1992. REEF’S REGISTRATION NUMBER IS SC-06492. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING 1-800-435-7352, WITHIN FLORIDA, REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE.

Design by Joanne Kidd, development by Ben Weintraub