As dedicated members of the ITV Rescue Center community, you know the profound impact we have on the lives of countless animals. From providing urgent medical care to finding loving homes for abandoned pets, our mission is driven by compassion and the unwavering support of individuals like you.
Today, we invite you to consider including ITV Rescue in your planned giving. By making a planned gift, you ensure that our vital work continues well into the future, safeguarding the welfare of animals for generations to come. Planned giving offers several options to align with your financial and philanthropic goals, such as:
- Bequests: Designate ITV Rescue as a beneficiary in your will or living trust. This allows you to leave a specific amount, a percentage of your estate, or a particular asset to support our mission.
- Retirement Assets: Name ITV Rescue as a beneficiary of your retirement accounts, such as an IRA, 401(k), or pension plan. This can be a tax-efficient way to contribute, as these assets can be subject to high taxes when left to heirs.
- Life Insurance: Include ITV Rescue as a beneficiary of your life insurance policy. This can provide a significant gift without affecting your current financial situation.
- Charitable Trusts: Establish a charitable remainder trust or charitable lead trust, which can provide income to you or your loved ones while ultimately benefiting ITV Rescue.
Your planned gift can help us:
- Expand our rescue operations to save more animals in need.
- Enhance our facilities to provide top-notch care to animals in our care.
- Support our foster families and adoption programs.
- Educate the community about responsible pet ownership and animal welfare.
By including ITV Rescue in your estate planning, you leave a legacy of love and compassion for animals. We deeply appreciate your consideration. Together, we can create a brighter future for all animals in our care.
OPTIONS FOR PLANNED GIVING
We recommend consulting with your financial advisor or estate planner to determine the best option for you. There are many options for planned giving, and we can’t summarize them all here. Nor should this information be considered legal or financial advice. Contact your attorney or financial planner to learn more about the wide variety of ways you can support It Takes A Village through planned giving. Benefits of Planned Giving include:
** Your assets remain in your control during your lifetime.
** You can modify your bequest if your circumstances change.
** There is no upper limit on the estate tax deductions that can be taken for charitable bequests (consult with a financial advisor, tax professional or attorney).
** You know your gift will benefit It Takes A Village tomorrow just as you intended it today.
1. Bequests
Bequests, or gifts in your will, are what most people think of when they hear about estate planning. A bequest is one of the simplest ways to make a gift from your estate. You can make a bequest in a variety of ways, including a gift of a specific amount, a percentage of your estate, an item or piece of property, or the amount that remains after you have provided for your loved ones. Bequests are deductible for federal estate tax purposes, and are usually not subject to state inheritance or estate taxes. Contact your attorney to learn more about including It Takes A Village in your will, and which options will work best for you and your family.
Sample Bequest Language (for information purposes only, seek professional advice); ** Unrestricted gift: A gift that can be used where need is the greatest. – “I give It Takes A Village, a 501(c)(3) non-profit, 1417 N. Stockwell Road, Evansville, IN 47715, the sum of $____________ for its general purposes.”
** Gift for Specific Purpose: A gift that is to be used for a specific purpose. – “I give It Takes A Village, a 501(c)(3) non-profit, 1417 N. Stockwell Road, Evansville, IN 47715, the sum of $____________ to be used for [state purpose].” (Please consult with It Takes A Village in advance to ensure that the stated purpose can be fulfilled according to your wishes.)
** Residuary Bequest: Leaves any remainder after all other bequests have been paid. – “All the rest, residue and remainder of my estate, both real and personal, I give to Takes A Village, a 501(c)(3) non-profit, 1417 N. Stockwell Road, Evansville, IN 47715, for its general purposes.”
2. Gifts Through Life Insurance
A gift through your life insurance policy is another simple way to make a charitable gift. You may have a life insurance policy that is no longer needed to provide for your family or for other expenses. You can name It Takes A Village as a beneficiary of your policy, or you can make a gift of the entire policy. Tax advantages vary. Your attorney or insurance agent can help you get started with a gift through your life insurance policy.
3. Retirement Accounts
Like a life insurance policy, It Takes A Village can be named as the first or second beneficiary on your retirement account. Heirs other than your spouse pay significant income taxes on inherited retirement funds. Making a contribution from these funds can help limit the amount of tax owed by your heirs, and can also maximize your charitable gift. Since taxes have not yet been paid on your retirement account, and you can make a tax-free donation of these funds, you may be able to give a larger gift from your retirement account than you would otherwise. Consult with a financial advisor, tax professional or attorney.
4. Charitable Remainder Trusts
A charitable remainder trust, or CRT, is an arrangement in which a donor’s assets provide a regular income stream to the donor, until that income is no longer needed. The assets of the trust are then passed on to a charity like It Takes A Village. Tax advantages for CRTs include a current charitable deduction for the donation and no upfront capital gains tax is payable at the time of contribution of appreciated property. Consult with a financial advisor, tax professional or attorney.
Will you make the work of It Takes A Village easier by letting us know who you are? Anonymous gifts cannot be included in planned giving goals. To let us know that you have included ITV in giving through any of these avenues, please email ITV’s attorney and co-founder, Susan Gainey, at susan@itvrescue.org. Thank you!