There are a number of ways to invest in The Animal Foundation to help expand the mission and reach. The information below is not exhaustive, but is meant to stimulate further inquiry. We would be pleased to work with you to determine the best way for you to make your investment. We also advise you to consult your financial planner before finalizing any gift.
Many gifts are made in the form of a multi-year pledge, which will enable you to consider a larger gift and establish a schedule of payments stretched over a period of months or years. The recommended pledge payment period is three years. Reminder notices will be sent at regular intervals as requested. Payments are tax deductible to the extent permitted by law in the year they are received.
Cash gifts, usually made in the form of a check or electronic transfer, are always welcomed. Up to 50 percent of adjusted gross income may be deducted in any one year, as long as deductions are itemized. Any excess may be eligible for deductions in subsequent years.
Many companies provide matching gift opportunities for their employees. Contact your HR department for more information. Any matching gift forms may be sent to The Animal Foundation development office. Please include your pledge or payment information.
Assets qualified as long-term capital (assets held for at least a year and a day), should be transferred directly to The Animal Foundation through a broker. The capital gains tax on appreciation is eliminated, and the current market value of the gift may be deducted as a charitable contribution, up to 30 percent of adjusted gross income. Excess beyond 30 percent can be carried forward for five years.
For the capital gains tax exclusion to apply, a donation must be made before the securities are sold. Contact The Animal Foundation development office for information on transferring securities.
If you’re 70 and a half or older, you can transfer up to $100,000 out of your Individual Retirement Account to charity. For some taxpayers, this is more tax-efficient than taking the required IRA distributions, paying income tax on those distributions and then giving to charity and getting an income tax deduction for the charitable gift.
This type of trust provides a fixed income for the lifetime(s) of one or two annuitants. The amount paid is determined by the rates recommended by the American Council on Gift Annuities. The older the annuitant, the higher the level of income. A portion of the gift and income are tax deductible.
The annuity o ers increased income and tax bene ts. It provides all the basic features and bene ts of a gift annuity. The income is delayed until a future date chosen by the donor. The rate of return and tax deduction is dependent on the length of the income delay.
The trust assets are funds or property contributed by the donor (usually $100,000 or more). Assets are transferred to fund a trust, and you receive a tax deduction equivalent to the present value of the remainder interest. Trust income amounts are paid to the income beneficiaries in an amount determined when the trust is set up. At death of the last income beneficiary, the trustee releases the funds to the charitable organization.
With this trust, a donor provides assets for use for a limited period of time. The funds are invested to provide income to the institution. The assets are returned to the donor or to his or her estate at the end of a designated period. This structure can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to his or her heirs.
You can make The Animal Foundation the sole owner and beneficiary of a paid-up policy. You may receive an income tax deduction for the cash surrender value of policy. If the policy is not fully paid, you continue to pay the premiums. You may receive a tax deduction for annual premium amounts.
Outright bequests, as well as certain bequests in trust, are not subject to estate taxes. The actual cost is less than face value of a gift because of tax benefits to estate. Bequest can take any of following forms:
A bequest can often be arranged simply with the addition of a codicil amending an existing will.
The Animal Foundation of Las Vegas does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.