Planned gifts to Nassau Humane Society enable you to shape your own legacy—giving to an organization dedicated to providing shelter and care to homeless animals. Thank you for helping us find a loving home for all pets.
Types of planned gifts to consider
Bequests
Gifts of Beneficiary Designation
Gifts through Sale of Stock
Gifts of Real Estate and Other Property
Charitable Gift Annuities
Charitable Lead Trusts
If you would like more information or have any questions on planned giving opportunities with the Nassau Humane Society, please call or email Chantel Scherer, Executive Director, 904-321-1647 ext 111.
Gifts That Offer Tax Exemption Benefits
Bequests
Remembering the Nassau Humane Society with a gift from your estate will help us sustain and strengthen through the years to come. Any type of property including cash, securities, life insurance and real estate may be given through your will.
Why this is a favorable giving option:
- A bequest costs you nothing during your lifetime
- The satisfaction of knowing you have provided for a strong organization
- You retain control of and use of your assets over your lifetime
- You can modify your bequest if circumstances change
- Charitable bequests are exempt from federal estate taxes
- If you already have a will or living trust, you can amend it to include a bequest to NHS with a simple codicil. (We can provide you with sample bequest and codicil language.)
Gifts of Beneficiary Designations (Life Insurance, IRA)
When you designate Nassau Humane Society as a beneficiary, such as on your Life Insurance Policy or Individual Retirement Account (IRAs), it’s a way to transfer an asset to us at your passing, exempt from estate tax. For financial accounts, (IRAs), a beneficiary designation is typically a paper or electronic form provided by the account custodian, which allows the account owner to designate who will receive the asset upon their passing. Generally, if your estate is large enough to provide for both individual heirs and charitable gifts, the best strategy is to leave individual beneficiaries the non-IRD property, which receives a stepped-up basis (under IRC 1014) at death so it’s not double taxed, and leave the retirement plan proceeds to charity.
Gifts Through Sale of Stock
You can increase your gift to charity—and your tax deduction—by donating long-term appreciated securities, including stock, bonds and mutual funds directly to NHS. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, when you contribute securities directly to a 501(c)(3) charity, such as ours, we receive the full proceeds from the sale, and you can take an immediate tax deduction in the amount of the full market value.
To process a stock donation to the NHS, you should submit your request to our brokerage firm Morgan Stanley. The DCT is 0015 and the Morgan Stanley Account is 91-087995-101. Our Broker with Morgan Stanley is Phil Hawkins - his cell is 904-770-3179 and email is Philip.Hawkins@MorganStanley.com.
Gifts of Real Estate and Other Property
With this option, you can transfer your entire interest in your property to Nassau Humane Society, typically receiving a tax deduction equal to its fair market value. Undivided Fractional Interest, Retained Life Estate, Bargain Sale/Installment Bargain Sale are among the many options.
Gifts That Provide an Income or Immediate Tax Savings Today
A charitable gift annuity (CGA) arranged with NHS is a simple combination of two concepts. A charitable gift to further our work on behalf of animals plus the confidence that you have dependable income in your retirement years. This popular planned gift can provide:
- Safe, fixed income for your life and the life of a loved one.
- Tax savings — immediately and in the future.
- Favorable treatment of capital gains, if funded with appreciated assets.
The minimum CGA donation to NHS is $20,000 either in cash or with long-term appreciated stock. You qualify for a partial income tax charitable deduction, and a portion of your payments are tax-free throughout your life expectancy.
Establishing a charitable lead trust enables you to receive an immediate tax deduction when you contribute to the fund, yet can still earn interest or dividend income, potentially. Payments from the trust are dispersed to the selected charity as either a fixed annuity payment or a percentage of the trust, depending on how the trust has been structured. Finally, at the end of the term, the remaining assets are distributed to non-charitable family members. Charitable trusts are usually complicated and subject to specific IRS rules. As with any planned giving consideration, you should consult with your legal or tax advisor for more information.
