Your planned gift can be used to sustain a program, provide program growth, establish endowments, or create new programs to reach cats and dogs in need. A planned gift will combine your philanthropic intent with tax advantages, helping your own financial objectives while investing in the future of Homeward Bound Pets.
Current Gift of Appreciated Stock or Real Estate: The Smart way to give
Do you own assets that have substantially increased in value over the years? Donated assets such as stocks, bonds, mutual funds, or real estate may provide you with an income tax deduction based on the fair market value of a gift and eliminate all capital gains taxes. This would allow you to make a substantially greater gift (typically between 45-70 percent) than you otherwise would have thought possible for the same out of pocket cost.
Bequest: The simplest way to leave a substantial gift
The simplest form of planned giving is a bequest made in a Will, where a supporter agrees to leave specific assets or a portion of their estate to Homeward Bound Pets. It is as simple as adding an amendment to your will stating, “I give ($ or %) of my estate to Homeward Bound Pets of McMinnville, OR.” This is the most common planned gift and it may provide your estate with valuable tax savings.
Life Insurance: A large gift with a small cost
One of the best ways to make a significant contribution is to give a life insurance policy to HBPets. You may do this in a number of ways; give a policy you no longer need, take out a new policy, or name HBPets as a beneficiary on an existing policy.
Charitable Trust: Substantial benefits to the donor
Do you own low yielding assets like real estate or securities that have appreciated in value? Is your objective to sell those assets and reinvest in higher income vehicles? A charitable trust might be your answer. The trust may help you: eliminate capital gains taxes, reduce or eliminate estate taxes, improve your lifetime cash flow, and when coupled with an asset replacement trust, can give your heirs the same amount you gave to HBPets.
Charitable Gift Annuity: A guaranteed income stream for life
A charitable annuity allows you to contribute assets to HBPets and receive a charitable deduction. In turn, we will provide you with a guaranteed income stream for life (the payout will be contingent upon personal factors of the donor). This vehicle can ease the worries of outliving your resources and provide a high rate of return coupled with numerous tax advantages.
What is best to give?
Please consult your tax, financial or legal advisor concerning any gift arrangements you are considering.