Thank you for your interest in planning a gift for the Friends For Pets Foundation. Below is additional information on the many planned giving options you have available to you. Please click on the links below to learn more.
Which Planned Gift Is Best For You?
For advice on which planned gift is best for you, please consult with your attorney or accountant. They should be able to explain the many planned gift options available to you and the financial advantages of each.
A planned gift is arranged by you legally during your lifetime. The principal benefits accrue to The Friends For Pets Foundation at a later time, after your death or the death of your last named beneficiary. Planned gifts take many forms, providing additional income for you and/or your heirs, reducing income and estate taxes, relieving you and your heirs of complicated financial management responsibilities and helping to fulfill your personal, humanitarian and charitable objectives. Planned gifts can be made in cash, real estate, stocks, bonds, personal property or life insurance.
Bequests by Will
One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements. In addition to supporting The Friends For Pets Foundation, it serves as an example to your heirs of the values and ideals you hold dear. A bequest also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
A gift annuity is an agreement between you and The Friends For Pets Foundation. In exchange for your irrevocable gift, The Friends For Pets Foundation pays a fixed dollar amount during your life and/or the life of a designated loved one. The amount you receive is determined by the size of your gift, your age and the age of your beneficiary. Your income is guaranteed, regardless of market fluctuation. A major portion of your income is a tax-exempt return of principal and the income may be deferred until a later time as part of your retirement plan.
Charitable Remainder Trust
A charitable trust transfers ownership and management of cash and/or appreciated securities to The Friends For Pets Foundation. The Friends For Pets Foundation manages the trust and pays income to you for the remainder of your life and/or the life of another beneficiary. An annuity trust provides a fixed annual income for those wanting consistent, predictable payments. A unitrust pays a variable return based on market changes, providing an effective hedge against inflation.
Pooled Income Fund
A pooled income fund is a trust designed to provide variable yet reliable income. Like a commercial mutual fund, it combines your gift with the contributions of other fund participants, wisely investing the sum for a balance of income and growth. Dividends are paid to the shareholders in proportion to each person's contribution. Your donation results in a tax deduction for the year your gift was made, elimination of capital gains tax if you invest appreciated securities, and reduction of estate taxes for your heirs.
Contributions of life insurance can provide a substantial gift to The Friends For Pets Foundation. The value of an ordinary policy at the time of the gift is tax deductible. If you continue paying the premiums, they also are deductible as charitable contributions. If a paid-up policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the charitable deduction.
A hometown endowment is a perpetual gift that can be designated for a specific purpose for the benefit of The Friends For Pets Foundation program. The original gift remains intact, and the income is used toward the designated program, such as helping to pay our monthly mortgage, dog food bills, vet bills, etc. An endowment can be established in memory of a loved one or a donation can be added to an existing fund that will contribute to your local community indefinitely.