Save-A-Pet Adoption Center receives a significant portion of revenue from donations made through wills, estate plans, living trust, real estate, life insurance and stocks. Many people find that deferred gifts like these grant an opportunity to support their favorite charities while realizing benefits for themselves and/or families. Depending on the donation method you choose, the benefits may include income or estate tax deductions, increased spendable income, and elimination of capital gains tax on appreciated assets.
If you would like to include Save-A-Pet in a planned donation type we recommend that you obtain the professional counsel of people who specialize in the area of the planned donation vehicle you wish to use (e.g. an attorney who specializes in probate and estate planning, your life insurance agent or company, a financial advisor, a tax attorney or advisor, etc.). If you plan to donate through a will or trust we suggest that you notify your heirs of your intentions so there will be no future confusion.
Since there are other, unaffiliated organizations in the country that use the Save-A-Pet name, it is best to specify "Save-A-Pet Inc., a non-profit Illinois charitable corporation (Federal Employer identification #23-7304570)".
Types Of Planned Donations..
This list and information are provided as introduction to gifting options, and are not intended to be thorough and final resources. Consult your lawyer, accountant or financial planner for information that is up to date and more detailed and tailored to your specific situation.
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Bequest The most frequently used planned donation is a gift by will, known as a bequest. The donor states in his or her will that upon death, property be given to a specified charity. The gift may be a cash or a gift of property. When considering a bequest, you may consider gifting a percentage of the estate rather than an absolute dollar amount, which in turn keeps the gift proportionate to your wealth. To design a will that benefits the people and organizations you care about most, you should obtain the professional counsel of an attorney who specializes in probate and estate planning. Life Insurance There are a number of ways to make a gift through life insurance. If you’re thinking about a contribution to us, a gift of your life insurance could be a sensible as well as generous course of action. Securities Securities can include stocks, bonds, bills, warrants and mutual funds. A gift of securities provides an innovative and creative way to make a charitable gift. Real Estate Donation of real estate makes it possible for a you to make an immediate gift and receive a charitable receipt for the fair market value of the property. You may not realize that if you sell your primary residence, you can exclude up to $250,000 ($500,000 if you’re married) of the gain, but this tax break doesn’t apply to other types of real estate. No capital gains will be triggered when given to the charity. A gift of real estate may not be an option for you if you will have surviving family members, this strategy may be a solution if you do not have surviving beneficiaries. Other Planned Donation Types There are many other ways to plan a donation. Some of these include Living Trust, Retirement Plan, Retained Life Estate, Charitable Remainder Annuity Trust, Charitable Remainder Unitrust, Charitable Lead Trust, Gifts-in-Kind and Gifts of Service. For more ideas and proper legal advice and information contact a professional. |
