Create a Living Legacy
Thank you for your interest in including Paws Crossed Animal Rescue Inc. in your estate plans. There are a variety of planned gift opportunities designed to meet individual financial needs. Planned gifts often provide lifetime monetary benefits to the donor and their family, along with considerable tax savings, and the satisfaction of knowing that they are helping ensure the future of Paws Crossed and its many programs for generations to come.
There are a wide range of giving opportunities available, some of which are outlined below.
How to maximize giving, minimize taxes and
ensure the future of Paws Crossed!
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 Rescue’s future. You may make the Rescue 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 Rescue 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 Rescue.
One of the simplest ways to make a planned gift to Paws Crossed is to make a bequest in your will. If you already have a will, your lawyer can usually add a codicil to include Paws Crossed. Giving through a bequest lowers your federal estate taxes because the assets donated to the Rescue are deducted before the estate tax is calculated.
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 Paws Crossed Animal Rescue Inc. CRT, all account values go to the benefit of Paws Crossed Animal Rescue Inc. to further its mission when the donor passes on. In short, the Paws Crossed Animal Rescue Inc. CRT epitomizes the Rescue’s slogan of “Rescue One By One Until There Are None” by providing people with tax deductions and income for life, while also leaving a lump sum of money for the animals.
A popular alternative to a cash gift is a gift of appreciated securities, which generate a double tax benefit. In addition to receiving an income tax charitable deduction for the full market value of the property, the donor escapes any potential tax on the capital gain element in the gift property. In order to qualify for this double tax benefit, the property must have been held for more than one year.