You may be able to take advantage of significant tax advantages by exploring planned giving options, including gifts of stocks and bonds, estate gifts, and charitable annuities. We always recommend discussing your estate planning with your lawyer or tax advisor.
Help paw it forward for our community’s pets by making a legacy gift to Almost Home Humane Society.
As part of your Estate Planning, you can help ensure that future generations have access to the same animal welfare services. Your legacy gift helps us to ensure that pets will be a valued part of our community for years to come.
The support you are currently providing for our community’s homeless and disadvantaged pets can continue for perpetuity. For example, if you typically make an annual gift of $250 to AHHS, by making a $5,000 estate gift, the interest generated on that principal would continue to provide $250 every year indefinitely to help Almost Home Humane Society care for the pets that need us the most.
It’s Not Difficult to Give a Legacy Gift
A beneficiary designation is the simplest way to make a legacy gift to Almost Home Humane Society. When you complete your beneficiary designation form, just name “Almost Home Humane Society, Inc.” as a full or partial beneficiary and provide our tax identification number (35-0984028). In addition, these gifts bypass probate and go directly to all beneficiaries.
Here are some common designation options:
Retirement plans[e.g., traditional IRA, Keogh, 401(k)]: Including Almost Home Humane Society as a beneficiary enables you to avoid substantial income taxes that would have been due if a retirement plan were left to non-spousal heirs. It is strongly advised that you name “‘Almost Home Humane Society” as a beneficiary of a retirement plan through your designation form and not through your will, which may jeopardize tax benefits.
Savings accounts: Designating AHHS as a beneficiary of a savings account is simple and allows full use of savings during your life.
The following is suggested language for unrestricted bequests to be used for the greatest current need of the Humane Society:
I give to Almost Home Humane Society, Inc., a not-for-profit corporation organized under the laws of the state of Indiana and located in Lafayette, Indiana, ___percent (___%) of my estate OR (the sum of $______) OR (all my right, title and interest in the described property:________________) OR (all rest, residue and remainder of my estate) to be used in such manner as the board of directors of said corporation shall, in its sole discretion, determine.
Gifts Via Life Insurance Policies
One way to “gift” life insurance is to designate your charity of choice as the beneficiary. You will retain ownership of the policy, keeping access to the policy’s cash value. You will still be allowed to change your beneficiary at a later time, if you choose.
You can also transfer ownership, assigning your charity of choice as BOTH owner and beneficiary. This method will NOT allow you to change your beneficiary or have access to the cash value of the policy, but it will provide tax benefits. If your charity of choice is a 501-c-3 (like AHHS) then the premiums you pay on the policy should be tax deductible. Similar benefits also apply to annuities.
Gifts of Securities Are Also Accepted
If you sell appreciated securities, you could lose up to 25% of your appreciation to taxes. But when you donate a gift of stock or securities to Almost Home Humane Society, you avoid capital-gains taxes, thus preserving the full value of your gift. Your tax advisor can help you.
There can be significant tax advantages for you or your family in exploring planned giving options, including gifts of stocks and bonds, charitable gift annuities, trusts, and estate gifts. To learn more about making a planned gift to Almost Home Humane Society, contact our Development Department at (765) 474-5222.
Legal Name:Almost Home Humane Society, Inc.
Street Address:1705 S. 2nd St., Lafayette, IN 47905
Almost Home Humane Society will never sell, rent, or share our supporters’ names.To show our appreciation and encourage others to give, we may, from time to time, publish a list of some supporters’ names in our annual report, website or in other publications. If you do not wish for your name to be listed, please contact our Development Department at 765-474-5222.