Planned Giving

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What is Planned Giving?

Planned giving, also known as legacy giving, is a unique charitable tool that makes it possible for you to support the work of Charlie’s Angels Animal Rescue for years to come. Your gift will enable us to continue our mission to rescue animals and save lives while also fulfilling your own personal financial goals and objectives. Planned giving is the perfect solution, because it allows you to have a much greater, long-term financial impact than a one-time gift while also providing you with certain tax advantages. 

Advantages of Planned Giving

  • Ensures that CAAR’s dedicated work rescuing adoptable dogs and cats from high-kill shelters continues
  • Continues and expands your own personal tradition of giving
  • Can be a way to recognize your vision and generosity, memorialize a loved one, or provide a way for you to donate anonymously
  • Planned gifts may even allow you to increase your current income; plan for the financial needs of a spouse or loved one; provide you with a means to contribute more than you thought possible.

What To Give

Planned gifts include bequests made through your will or estate plan, gifts that provide income to you and others for life. 

Gifts can include

  • Cash
  • Real Estate
  • Life Insurance
  • Retirement Plans
  • Appreciated Stocks and Bonds
  • Personal Property
  • Donating Assets from your IRA

How to Give

  • Will or Codicil – You can designate Charlie’s Angels as a beneficiary through a Will or Codicil for a specific amount or a percentage of your estate.
  • Retirement Plan Assets – Consider donating assets from your retirement account to Charlie’s Angels. The funds support the rescue and reduce your tax obligation. Discuss the process of updating the beneficiary with your retirement plan administrator
  • Charity Gift Annuity/Charitable Remainder Trust by transferring cash or appreciated property to CAAR and in return you are paid a fixed income for life.

How Can I Make A Difference Now?

In addition to establishing an ongoing planned giving program, there are ways that you can donate now that support our mission and provide you with tax advantages.

IRA Asset Contributions

If you are 70 1/2 and older, you can donate up to $100,000 tax free from your IRA every year. Normally, when you take an IRA distribution, that money is treated as taxable income. With this newer provision, money that is withdrawn from your IRA distribution and donated to a charity are not taxed.  The distribution is not included in your income so you avoid the potential tax consequence of a regular IRA withdrawal.

Stock Transfers

Donating appreciated stock is a cashless transaction that yields double tax benefits for donors. First, ups received an itemized deduction equal to the fair market value of the stock. Second you do not have realize the gain on the appreciation of the securities.   

For more information on Planned Giving and how it can work for you, contact your financial advisor.

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