Planned Giving

Bequest by Will or Revocable Trust

Name CORAL as the beneficiary of a certain amount, specific asset, or percentage of your estate in your Will or Revocable Trust. A bequest gives you complete control of your assets during your lifetime, while leaving a generous legacy for CORAL to continue saving the world’s coral reefs. Bequests can also potentially reduce estate taxes through a charitable deduction after your passing. Your gift can be anonymous if you choose, or in memory of someone who cares deeply about our oceans and coral reefs.

Click here for the downloadable bequest form.

Sample language to bring to your attorney:

I give and devise to CORAL (Tax ID #94-3211245), located in Oakland, CA, the sum of $______ (or asset) to be used for its general support (or for the support of a specific fund or program).

IRA Assets and Retirement Plan Gifts

Designate CORAL as a partial, contingent or sole beneficiary of your IRA or other qualified retirement plans, such as your 401(k), 403(b), Keogh or profit-sharing pension. By naming CORAL as a beneficiary of your retirement accounts, you’re maximizing your support for our mission in a tax-efficient way since the amount will not be subject to income tax and will qualify for an estate tax charitable deduction.

Additionally, if you are over 70½ years old, you can make a Qualified Charitable Distribution of up to $100,000 per year from your IRA directly to CORAL without having to include the amount distributed as income for federal income tax purposes. Although no charitable deduction may be taken, such distributions will qualify for all or part of the IRA’s required minimum distributions. Be sure to share this gift plan with your financial advisor to make the most of your legacy on the ocean.

Donor-Advised Funds

When you name CORAL as a successor beneficiary of your DAF, CORAL will  receive a portion of your remaining account value and leave the balance for your family or friends to continue your legacy of philanthropy.

Charitable Gift Annuities

A charitable gift annuity made to The Coral Reef Alliance provides you and/or another beneficiary with stable income for life. You may also receive an immediate income tax deduction.