Planned Giving
“A Legacy of Love”
BEQUESTS
One of the simplest ways to make a planned gift to Save-A-Pet Animal Rescue is to make a bequest in your will. If you already have a will, your lawyer can usually add a codicil to include the Center. Giving through a bequest lowers your federal estate taxes because the assets donated to the Center are deducted before the estate tax is calculated.
PET BEQUESTS
Many friends of the Save-A-Pet who choose to make a bequest also arrange to entrust their pet(s) to the care of the Center after their passing. While placement with a trusted family member or friend who may already know and love the pet is often ideal, sometimes this is not possible. To accommodate such cases, Save-A-Pet offers the Pet Bequest Program that allows an owner to bequeath their pet to the Center and enjoy the comfort of knowing their loving companion will have a safe place to go in the event the owner passes, or is no longer able to care for their pet. This is a guarantee for the lifetime of the pet.
LIFE INSURANCE
A gift of life insurance is an excellent way to make a sizable contribution that does not tie up current assets, that provides immediate tax savings and that helps ensure the Center’s future. You may make the Center the owner and beneficiary of a life insurance policy that you no longer need. If the policy is fully paid up, your deduction equals the cost or replacement value of a new policy with comparable benefits. You may also take out a new policy that names the Center as beneficiary. The premiums you pay are tax-deductible, and in time, the value of the policy will far exceed your net contributions.
CHARITABLE GIFT ANNUITY
A Charitable Gift Annuity (CGA) can provide guaranteed income for life by providing the mature donor with lifetime payments through better yield on fixed income assets, such as CDs and bonds, and reduce portfolio risk. In addition, the CGA will generate a tax deduction and allow remaining assets to be used to support the Shelter.
CHARITABLE REMAINDER TRUST
A Charitable Remainder Trust (CRT) gives you the flexibility to design a trust to meet your individual financial goals and provides an income for life. By establishing a Save-A-Pet Animal Rescue CRT, all account values go to the benefit of Save-A-Pet Animal Rescue to further its mission when the donor passes on. In short, Save-A-Pet Animal Rescue epitomizes the shelter’s slogan of “Compassion is our Compass” by providing people anywhere in the U.S with tax deductions and income for life, while also leaving a lump sum of money for the animals.
APPRECIATED SECURITIES
A popular alternative to a cash gift is a gift of appreciated securities, which generate a double tax benefit. If an investor has an appreciated stock or mutual fund that they purchased more than a year ago, they can donate those securities to a charity and receive a tax deduction for the fair market value of the securities. In this way they can eliminate any capital gains assessments on the future sale of the securities.