SpokAnimal depends on the goodwill of our donors and sponsors. Planned gifts provide the resources that create extraordinary opportunities and preserve our future while also helping you to achieve your own financial objectives.
You can remember SpokAnimal in your will in several ways:
Specify a dollar amount
Designate a percentage of your estate to be given through your will or living trust
Give only what is left after all your bequests to loved ones have been made (the "residual")
Provide for a gift of stocks or other securities
It is also possible to name SpokAnimal as a contingent beneficiary of your estate in the eventuality that your named beneficiary is no longer alive at the time your will is probated
Living Trust: When you choose a living trust, you can provide for yourself and your family before and after your death. You can arrange a contribution through a living trust by naming SpokAnimal as a beneficiary.
Monetary Contributions: Monetary contributions are a quick and easy way to show your support of SpokAnimal. If your employer has a matching gift contribution you may double or even triple your donation. Recurring donations can be set up with your Visa or Mastercard.
Gifts of Retirement: Naming SpokAnimal as a beneficiary of a retirement account is potentially very advantageous for both you and your heirs.
If left to an individual, these funds may be subject to both estate tax and income tax, thus greatly reducing the amount of money your heir will actually receive.
If the funds are left to a charity such as SpokAnimal, these taxes are usually avoided, often resulting in a larger gift than you might otherwise be able to make.
You can name SpokAnimal as your sole or partial beneficiary on the form available from your retirement plan´s administrator. You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable.
Gifts of Real Estate: Your charitable contribution of real estate; a personal residence, farm, vacation home, commercial real estate or vacant land, is a tax-wise gift that has income and capital gains tax advantages. By choosing an option called "Retained Life Estate" you can give your personal residence to SpokAnimal and still maintain lifetime use of the property.
Life Insurance Gifts: Life insurance policies are an easy and often overlooked way to make a significant charitable gift. There are a number of ways to support SpokAnimal´s many programs with an insurance-related gift.
Make SpokAnimal a beneficiary: It is simple to change the beneficiary or beneficiaries of your life insurance policy without changing your will or other aspects of your estate plan.
Give an existing life insurance policy: Do you have a policy that has outlived its intended purpose, such as protecting a child or mortgage? You can donate the policy to SpokAnimal. You receive an immediate income tax deduction for the gift of the policy up to the cost basis, or what you paid for it.
Making SpokAnimal the owner and beneficiary of a new policy: You can take out a new policy and make SpokAnimal the owner and beneficiary of the policy. Premium payments are tax deductible. They can either be made by SpokAnimal from your annual contribution for this purpose or you can pay for the policy directly. This process enables you to make a manageable annual tax-deductible payment that provides a significant contribution to SpokAnimal when the policy matures.
SpokAnimal welcomes the opportunity to help you achieve your financial and philanthropic goals. If you would like more information, please contact our Executive Director at (509) 534-8133 x 202.
This information is intended to assist you, and is not legal or tax advice. We recommend you consult with an attorney or other advisor that can best assist you in your planned giving endeavors.