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.
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.
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.
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.
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.
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.