Estate & Gift Planning

Bequests
A bequest is simply a gift made through a will. If you already have a will, a simple addition called a “codicil” is all that’s needed to include a gift to the Humane Society. You can leave a specific asset, or the remainder (or a portion of the remainder) of what is left after all other bequests are made. The following wording may prove helpful to your attorney when writing your will:
Specific Bequest
“I hereby give and bequeath to the Nassau Humane Society, a non-profit Florida corporation located at 639 Airport Road, Fernandina Beach, Florida 32034, Tax I.D. #59-2667141, the sum of $ to be used for the organization’s general purposes.”
Residuary Bequest
“I hereby give, devise and bequeath to the Nassau Humane Society, a non-profit Florida corporation located at 639 Airport Road, Fernandina Beach, Florida 32034, Tax I.D. #59-2667141, all (or a %) of the rest, residue and remainder of my estate, both real and personal, after providing for the specific provisions of the will to be used for its general purposes.”
Gifts of Life Insurance
A gift of life insurance can provide tax advantages to the donor while providing significant support to Nassau Humane Society. There are several ways to use life insurance to make a gift. The Nassau Humane Society can be named as owner and beneficiary of your fully paid policy. Or you can purchase a new policy with the Nassau Humane Society as the owner and beneficiary.
A policy that no longer serves its purposes (for dependents, a business that no longer needs insurance) can be changed to name the Nassau Humane Society as the owner and beneficiary. Finally, you may choose to designate the Nassau Humane Society as the beneficiary of a policy already in existence.
Charitable Remainder Trusts
Transferring assets into a charitable remainder trust can provide you with a current income tax deduction and a stream of lifetime income for you, your spouse or children. At the termination of the trust, the remaining assets are transferred to the Nassau Humane Society.
Charitable Lead Trusts
Similar to a charitable remainder trust, except the Nassau Humane Society receives the income from the trust. Upon termination of the trust, the assets are transferred to your designated beneficiary. This allows you to make a significant gift through the income generated by the trust, while maintaining the assets for your heirs.

Gifts of Real Estate
A charitable gift of real estate could be a particularly valuable decision from a tax perspective. If you have owned a piece of real estate for many years, it might have appreciated in value to the point that capital gains will be exceptionally high. If that property is instead donated to the Nassau Humane Society, you can avoid the capital gains tax and realize a charitable deduction for the full fair market value of the real estate.
Gifts of Stock
Gifts of appreciated securities that you have held for over one year are especially advantageous from a tax perspective. There is no capital gains tax due on the appreciation, and your income tax deduction is based on the current fair market value of the gift.
Choosing the Gift That’s Right For You
The planned giving professionals at Nassau Humane Society are available to assist you in the creation of a gift plan that best fits your financial circumstances. We welcome the opportunity to meet with you, your attorney and your financial advisor. If you would like to receive more detailed information on planned giving please contact Christina Sutherin, Operations Director, at 904.321.1647 or email [email protected]