PISGAH FOREST, N.C., January 15, 2019: The National Forest Foundation has awarded a $22,000 grant through its 2019 Treasured Landscapes, Unforgettable Experiences Program to The Pisgah Conservancy for maintenance work on the Art Loeb, Exercise, and Estatoe Trails on the Pisgah Ranger District. The trail project will focus on bridge and boardwalk repairs to highly-accessible, heavily-used trails on the Pisgah, including decking repairs on the Art Loeb’s Davidson River Bridge and replacing a footbridge on the Exercise Trail. The grant will also help tackle boardwalk repairs on the Estatoe Trail and gravel placement needed on the Estatoe and Exercise Trails.
Davis Wax, Trail Specialist for The Pisgah Conservancy, stated, “We are excited to receive this grant to complete maintenance work on a number of important gateway trails into Pisgah. These three trails get some of the most traffic in the Forest, and fixing infrastructure like bridges and boardwalk not only will make the trails more enjoyable, it will make them safer, too.” The award period for the grant runs until mid-June 2019, and The Pisgah Conservancy, the Forest Service, and volunteers will collaborate to help complete the individual projects. The first project will be to replace the Davidson River Bridge decking.
Even with your estate plans in place, you might be facing the type of change in your life that requires an update to your plans.
One of the most important aspects of estate planning is working with an attorney —the right attorney. But where do you begin? How do you find the right one?
If you already know an attorney, financial planner or CPA, that’s a perfect place to start. It’s likely they’ve work with attorneys in the estate-planning field, and they can offer a recommendation. You can even ask who they use to handle their own estate planning.
Gifts of publicly traded securities or mutual funds bought over a year ago that have increased in value can be donated to The Pisgah Conservancy. Such gifts are deductible and can be used to eliminate tax on up to 30% of our adjusted gross income (AGI) in the year of the gift. Any unused deduction amounts may be used to help reduce taxes in as many as five future years.
By giving securities, you can preserve your cash, generate current income tax savings, do not owe capital gains and other taxes that would be due on a sale, all while making a significant charitable gift.
QUALIFIED CHARITABLE DISTRIBUTIONS (QCDS) ARE AVAILABLE AFTER AGE 70.5
Do you want to benefit one or more charities during your lifetime and are age 70.5 or older? If so, you can transfer up to $100,000 of IRA withdrawals each year directly to a qualified charity without recognizing these withdrawals as income. This type of IRA withdrawal is known as a “Qualified Charitable Distribution (QCD)” and it will count toward satisfying the required minimum distribution (RMD) you must take from your traditional IRA(s) each year after reaching age 70.5.
For example, if your RMD is $140,000 this year, you can transfer $100,000 directly to a qualified charity tax free and take the remaining $40,000 as a taxable RMD. But you are not limited to taking the amount of your RMD as a QCD if your RMD is under $100,000. For example, if your RMD is $60,000, you can transfer $60,000 directly to a qualified charity to fulfill your RMD, or transfer a full $100,000 and not include the $100,000 in income.