Have
you given consideration about how to continue your legacy of caring
and support for the homeless and abandoned exotic birds at Beak n
Wings after you are gone? By making important arrangements
now you will insure that homeless, abandoned and stray exotic
birds will
receive the warm shelter, nutritious food and medical care they
so desperately need. They will know that someone cared - someone
like YOU.
A "planned gift" is one which you make during your lifetime
but which is not received by Beak n Wings, Inc until some
future date. A planned gift offers specific financial benefits to
you, the giver.
A "planned gift" to Beak n Wings, Inc. allows you to realize significant financial gains
while providing the needed (and worthwhile) support to Beak n
Wings, Inc. With proper planning, your gift can fulfill your
philanthropic and financial needs as well as fulfill Beak n Wings goal
of saving and caring for homeless Exotic Birds.
Gifts During Your
Lifetime
- Gifts of Appreciated Property
There are advantages to you estate for making gifts to the
Exotic Bird
Rescue during you lifetime. With these gifts of cash, appreciated
stocks or bonds, personal property or real estate you are eligible
for charitable tax deductions and, in some cases can avoid costly
capital gains tax or estate taxes. Your tax advisor or attorney
can advise you on the best way to make these kinds of gifts during
your lifetime.
- Gifts that provide income to
you
By creating a Charitable Remainder Trust through a gift of money
or property, you can receive income for the remainder of your
life. The 'remainder' of the trust, after all payments to you,
goes to help the birds at Beak n Wings. Trusts that
provide a fixed amount per year are called annuity trusts, while
those whose payments fluctuate depending on the value of he assets
are referred to as unitrusts. Significant tax savings can be realized
on the creation of Charitable Remainder Trusts of either type.
Your Will
The most common form of "planned
gift" is made through your will. Your will distributes your
property in the manner that you wish when you die. Your will can
establish trusts for beneficiaries who lack the ability or desire
to manage an inheritance. You can nominate those you would prefer
to administer your estate. Having a legal will prepared can even
minimize the settlement costs of your estate. The making of a will
ensures that your assets are distributed according to your wishes,
not the state in which you reside.
You may wish to have your attorney notify Beak n Wings, Inc
of the terms, conditions and circumstances of your will. Beak n
Wings, Inc. is a tax exempt
501(c)(3) charitable organization chartered by the IRS. Our Federal
Tax I.D. Number is 77-0630832.
If you already have a will, you need only call your attorney and
advise him of your interest in making a bequest to Beak n Wings,
Inc. In most cases, a bequest may be stated by the creation of
a codicil to your existing will.
There are several types of bequest forms:
- A specific dollar amount:
"I hereby devise and bequeath the sum of $25,000 to Beak n
Wings, Inc."
- A percentage of your estate:
"I hereby devise and bequeath 50 percent (50%) of the rest,
residue and remainder of my estate to Beak n Wings, Inc."
- The remainder value after all
other gifts to your family:
"I hereby devise and bequeath all the rest, residue and remainder
of my estate to Beak n Wings,
Inc."
- Another option may include:
A specific, definitive asset (a house, artwork or land)
Gifts of Life Insurance
You can make a gift of life insurance
to care for homeless birds by naming Beak n Wings, Inc
as a beneficiary and owner of a new life insurance policy. You will
receive a tax deduction on the premium that you pay each and every
year. Another way of giving a gift of life insurance is to contribute
an existing policy to Beak n Wings directly.
Click
here for IRS Publication 526:A publication discussing how to claim
a deduction for charitable contributions.
If you have additional questions
about planned gifts, please feel free to contact your attorney or:
- admin@beaknwings.org - Executive
Director, Dean Tyson
