How to Participate in Planned Giving
Declaring your intent is an important step in creating a lasting legacy for the animals at Midwest Animal ResQ. A letter of intent is a non-binding agreement that states your intention to make a gift during your lifetime or as a part of your estate plan. Below are some of the types of gifts you can make:
Gifts of appreciated assets with long-term capital gains are ideal for transfer, as you generally pay no capital gains taxes and are eligible for an income-tax charitable deduction.
Stocks, Bonds, Real Estate & Cash
Publicly traded stock, closely held stock, corporate bonds, real estate and cash gifts generally entitle you to current income tax deductions.
Charitable Lead Trust
A charitable lead trust allows you to transfer the benefit of income-producing properties and other assets to MARQ for a specific number of years. Payments from the trust are made to MARQ during the years of the trust, after which all remaining assets are returned to you or any person you designate.
A bequest under your will or revocable trust instrument describes the portion of your estate that you choose to leave to MARQ and should qualify for an estate tax charitable deduction.
IRA or Qualified Retirement Plan
An IRA, company pension, profit sharing plan, 401(k), Keogh or tax sheltered annuity, is generally an attractive asset to leave to MARQ because such an asset may otherwise be subject to both income and estate taxes.
Charitable Remainder Trust
A lifetime fixed dollar amount or percentage is paid to you or a designated beneficiary, and MARQ receives the remainder.
To learn more about the many ways you can leave a legacy at Midwest Animal ResQ, contact your attorney or tax adviser. Or email firstname.lastname@example.org.