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 Facing potentially significant capital gains taxes, Charlie Soderquist, who was a California-based author, entrepreneur and academic, made an outright gift to The Nature Conservancy's Donor Advised Fund in 2000. Sadly, Charlie passed away suddenly in March 2004, but through his gift, his legacy still lives on today.
The Donor Advised Fund allowed him to recommend how the money would be used over a period of years and also provided him with the benefit of considerably reducing his tax liability. During his life, Charlie chose to distribute funds to two Conservancy preserves, the Sacramento and Cosumnes Rivers, where Charlie liked to fly-fish and "step into the lush riparian environment" that had inspired many of his stories.
These distributions, made in the name of his grandson Scotty,
helped to increase access to the preserves by providing for drift boats and
a bridge. After his death, half of the remainder of the money in his Donor
Advised Fund was distributed to support the Conservancy's priority projects
and the other half was distributed to California, to protect the natural areas
of his beloved home state.
Learn more about The Nature Conservancy's
Donor Advised Fund
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Donor Advised Fund
Designed for conservation-minded individuals, The Nature
Conservancy's Donor
Advised Fund gives you and your family the flexibility of recommending
distributions from your fund for Conservancy programs as well as to support
other charitable organizations.
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