Legacy Gifts

Legacy gifts name Inland Seas Education Association as the beneficiary of any type of planned or deferred gift. The act of caring for generations to come and providing for the future of others is not only admirable, it is purposeful and significant. When you designate a gift in your will or estate plan to ISEA, you are leaving a legacy of protecting the Great Lakes by developing stewards in future generations. Please let us know, 231.271.3077, if you have already included Inland Seas Education Association in your estate plan or are considering doing so.

Founder Tom Kelly’s family established two legacy funds with ISEA. Donations may be made to the Tom Kelly Scholarship Fund to to ensure that students who otherwise could not afford the schoolship experience are able to do so and to ensure stipends are available for college interns, or to the Tom Kelly Schoolship Upkeep Fund to ensure that the organization is able to attend to any vessel maintenance and repair needs that arise as the vessel continues to age.

Other options to make a legacy gift are below:

Bequests

Assist ISEA by using one of the most popular and simplest ways to make a gift. After providing for your loved ones, you may decide to give a specific amount, a percentage of your estate, or all or a portion of what remains after others have been remembered. Often a gift by will can be arranged simply with the addition of a codicil (amendment) to your existing will.

Bequest Language
“I give _______ (percentage, or specific amount, or residue) to Inland Seas Education Association, a Michigan non-profit corporation of 100 Dame Street, Suttons Bay, Michigan, for use for any purpose or purposes without restriction.”

Beneficiary Designations

Continue supporting ISEA even after your lifetime by naming ISEA as a beneficiary of your retirement plan, life insurance, or insurance annuity assets.

Employee retirement plans, IRAs and tax-sheltered annuities contain income that has not been taxed. Your beneficiaries will owe income tax at your death, totaling up to 35%, which is a reason to leave your loved ones less heavily taxed assets and leaving your retirement plans to ISEA.

Your need for life insurance changes as time passes, making way for a new opportunity for its use. If you no longer need the coverage to protect your loved ones, consider changing your policy’s beneficiary to support the work of ISEA.

Charitable Gift Annuities

Contribute to ISEA and receive a fixed annuity payment each year for your life. 

Charitable Remainder Trusts

This plan can increase your income, reduce your taxes, and rid you of investment worries at the same time you provide much needed support to ISEA. 

Endowed Gifts

An endowed gift is a powerful way to make a gift to Inland Seas Education Association in your name or the name of a loved one while realizing tax benefits. When you endow your gift, you create a permanent legacy. You create a statement about your values and the causes that you feel passionate about. Through your endowment, generations will remember you, what you cared about, and what you stood for. 

 

* Inland Seas Education Association does not provide legal or tax advisory services. Please contact an attorney or financial advisor before making charitable gifts regarding wills, trusts, and bequests.

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