BEQUESTS AND GIFTS
Many individuals would like to provide important financial support for the Kent Animal Shelter, but may feel
constrained by financial and personal obligations. Fortunately, it's possible to support the Shelter without
jeopardizing or neglecting the needs of your family. In fact, there are a number of ways to give which can
actually enhance financial security for you and your family.
Among the ways to make your gift--some of which offer significant tax-saving opportunities--are these:
Cash or checks. Because these gifts provide funds that can be put to immediate use by the shelter,
they are important to help meet current expenses, especially when unanticipated needs arise. Cash gifts are
tax deductible up to 50% of your adjusted gross income, and unused deductions may be carried forward for
as many as five tax years.
Securities. Gifts of appreciated securities that you have owned for more than a year can be very
advantageous. Capital gains taxes are completely avoided and a tax deduction can be taken for the full
market value rather than just your original cost.
Real estate. Real property may be contributed in various tax advantaged ways. If you own property that
is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You
can claim an income tax deducation for property held for more than one year based upon fair market value of
the property, avoid capital gains taxes, and remove that asset from your taxable estate. Or, you could give
your home of farm to us now and continue to use the property for life. You will be entitled to an income tax
deduction based on your age and the value of your property.
Life Insurance. Gifts of existing policies you no longer need make excellent gifts. For existing policies,
you can generally deduct the entire replacement value of the policy, plus any premium payments that you
subsequently make. If the policy isn't completely paid up, its approximate cash value plus future premium
payments are usually fully deductible.
Life Income Gifts. Life income gifts allow you to receive an income as a result of making a charitable
gift. Depending upon the type of plan you choose, the payments can be fixed or variable and can be for you
or other beneficiaries you choose. Life income gifts entitle you to an immediate income tax deduction, based
on the present value of your future gift to us.
TRUSTS AND WILLS
Charitable Remainder Unitrust. You, the donor, create a trust and fund it with property of your
choice--cash, stock, artwork, etc. You specify what percentage of the trust assets you wish to receive as
annual income, when you will begin to receive the income, and for how long. You will receive an immediate
charitable income tax deduction, based upon the value of the property given to the trust and upon the income
stream that you have specified. And you provide a means whereby the value of the asset initially placed in the
trust will pass to your children free of both income and estate tax when you and your spouse have died.
Wills
One of the easiest and most thoughtful ways to provide continued support for the shelter is through a
charitable bequest in your will. For example:
Outright bequest of a specified percentage of the estate or a specified sum.
Residuary bequest for the shelter to receive the remainder of your estate after all specific bequests
have been made.
Contingent bequest may be used to provide for the distribution of property in the event that one of
more of your named beneficiaries does not survive you.
A Life income bequest can provide the security of a lifetime income for your loved ones while
assuring an eventual gift to the Kent Animal Shelter.
Careful planning may enable you to preserve more of your estate for your heirs, and avoid the necessity of
selling off assets to pay taxes.
We have information and materials available upon request that may be helpful to you in planning your estate.
We can also provide you with suggested wording if you wish to make a bequest. To receive additional
information call Pam Green at 631-727-5731 ext 4 or email her at pamgreen@kentanimalshelter.com.
The Kent Animal Shelter is a 501©3 non-profit charitable organization dedicated to the welfare of homeless
animals.
Many individuals would like to provide important financial support for the Kent Animal Shelter, but may feel
constrained by financial and personal obligations. Fortunately, it's possible to support the Shelter without
jeopardizing or neglecting the needs of your family. In fact, there are a number of ways to give which can
actually enhance financial security for you and your family.
Among the ways to make your gift--some of which offer significant tax-saving opportunities--are these:
Cash or checks. Because these gifts provide funds that can be put to immediate use by the shelter,
they are important to help meet current expenses, especially when unanticipated needs arise. Cash gifts are
tax deductible up to 50% of your adjusted gross income, and unused deductions may be carried forward for
as many as five tax years.
Securities. Gifts of appreciated securities that you have owned for more than a year can be very
advantageous. Capital gains taxes are completely avoided and a tax deduction can be taken for the full
market value rather than just your original cost.
Real estate. Real property may be contributed in various tax advantaged ways. If you own property that
is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You
can claim an income tax deducation for property held for more than one year based upon fair market value of
the property, avoid capital gains taxes, and remove that asset from your taxable estate. Or, you could give
your home of farm to us now and continue to use the property for life. You will be entitled to an income tax
deduction based on your age and the value of your property.
Life Insurance. Gifts of existing policies you no longer need make excellent gifts. For existing policies,
you can generally deduct the entire replacement value of the policy, plus any premium payments that you
subsequently make. If the policy isn't completely paid up, its approximate cash value plus future premium
payments are usually fully deductible.
Life Income Gifts. Life income gifts allow you to receive an income as a result of making a charitable
gift. Depending upon the type of plan you choose, the payments can be fixed or variable and can be for you
or other beneficiaries you choose. Life income gifts entitle you to an immediate income tax deduction, based
on the present value of your future gift to us.
TRUSTS AND WILLS
Charitable Remainder Unitrust. You, the donor, create a trust and fund it with property of your
choice--cash, stock, artwork, etc. You specify what percentage of the trust assets you wish to receive as
annual income, when you will begin to receive the income, and for how long. You will receive an immediate
charitable income tax deduction, based upon the value of the property given to the trust and upon the income
stream that you have specified. And you provide a means whereby the value of the asset initially placed in the
trust will pass to your children free of both income and estate tax when you and your spouse have died.
Wills
One of the easiest and most thoughtful ways to provide continued support for the shelter is through a
charitable bequest in your will. For example:
Outright bequest of a specified percentage of the estate or a specified sum.
Residuary bequest for the shelter to receive the remainder of your estate after all specific bequests
have been made.
Contingent bequest may be used to provide for the distribution of property in the event that one of
more of your named beneficiaries does not survive you.
A Life income bequest can provide the security of a lifetime income for your loved ones while
assuring an eventual gift to the Kent Animal Shelter.
Careful planning may enable you to preserve more of your estate for your heirs, and avoid the necessity of
selling off assets to pay taxes.
We have information and materials available upon request that may be helpful to you in planning your estate.
We can also provide you with suggested wording if you wish to make a bequest. To receive additional
information call Pam Green at 631-727-5731 ext 4 or email her at pamgreen@kentanimalshelter.com.
The Kent Animal Shelter is a 501©3 non-profit charitable organization dedicated to the welfare of homeless
animals.
Kent Animal Shelter relies upon the generosity and kindness of individuals like you to continue our work. The
shelter does not receive any funding from any public or government agency.
Your gift can help to make all the difference in the life of a homeless animal. Donations are tax-deductible and
we gratefully accept all donations, big or small. Please contact Pamela Green if you would like further
information 631-727-5731 ext. 4 or pamgreen@kentanimalshelter.com.
shelter does not receive any funding from any public or government agency.
Your gift can help to make all the difference in the life of a homeless animal. Donations are tax-deductible and
we gratefully accept all donations, big or small. Please contact Pamela Green if you would like further
information 631-727-5731 ext. 4 or pamgreen@kentanimalshelter.com.
| Animals Need YOU To Take Action Today for a Better Tomorrow |
