Leave a Legacy!
What is planned giving?
A gift to Days End Farm Horse Rescue (DEFHR) from your
estate can insure the long-term success of our efforts while
providing to you and your heirs substantial benefits today and
tomorrow. That is what planned giving is all about.
There are many ways that a gift to DEFHR of cash or other assets,
such as real estate, artwork, or partnership interests, can be
beneficial to you in the short or to your heirs in the long-term.
Potential benefits of these kinds of gifts include:
- Increased current income for the donors or others
- Reduced donor income tax
- Avoidance of capital gains tax
- Passing of assets to family at a reduced tax cost
- The ability to make a significant donation to a cause about
which you feel passionate
With the assistance of a financial advisor, anyone can meet his
or her charitable and financial goals. These kinds of gifts include
bequests, trusts and contracts between a donor and a charity. Basic
descriptions of the most popuar types of these gifts are below:
Many companies have matching gift programs that can double or
triple your contribution. Ask your employer if they will match your
individual gift to DEFHR.
Pay tribute to someone dear to you with a memorial gift to
DEFHR. Honor your pet, your horse, your friend or family member's
memory, by supporting a great cause. At DEFHR, we send out a lovely
card with pictures of our horses which states that a donation was
made in honor or in memory of "fill in the blank". We also incluse
the name and address of the donor so recipients can send a thank you
if they wish.
We accept donations of major items, such as cars, horse
trailers, farm equipment, office equipment that can be used or sold
by DEFHR to benefit the horses. Please see our
wishlist for items we need!
Life Insurance:
Naming DEFHR as the beneficiary of an old life insurance policy
that is no longer needed to protect your family is a simple way of
making a large gift. You will benefit from a potential income tax
deduction (check with your tax attorney).
Stocks and other gifts of investment assets such as mutual funds
provide an opportunity for a tax savings while supporting DEFHR.
Making a gift of stock is a simple process that takes only a few
hours for us to process. Below are some timesaving instructions to
deliver stock to Days End Farm Horse Rescue's Merrill Lynch account.
Please let us know of your intentions, so that we may properly
document your generous gift.
Contact Blair G. Hill 1-800-253-7984 or 410-884-6636 or email:
Blair
Hill
For Carefree, complimentary deliveries from a firm other than
Merrill Lynch:
Let your Financial Advisor know of your intentions in writing,
and be sure to include:
For stock transfers from another Merrill Lynch account: Simply
instruct your Merrill Lynch Financial Advisor in writing to transfer
to Days End Farm Horse Rescue Account# 519-04455.
For the donor with stock certificates: As different transfer
agents have different requirements, call us and we will determine
with our Securities Processing Department what documents are
necessary.
Charitable Lead Trust - This trust makes payments, either
a fixed amount (annunity trust) or a percentage of trust principal
(unitrust), to charity during it's term. At the end of the trust
term, the principal can either go back to you (a grantor lead trust)
or to heirs named by you (a non-grantor lead trust). You may claim a
charitable income tax deduction for funding a grantor lead trust or
a charitable gift tax deduction for funding a non-grantor lead
trust. Since lead trusts are typically used to pass assets to heirs,
non-grantor lead trusts are far more common than grantor lead
trusts.
Bequest - When you decide to leave assets to charity in
your will, you are making a bequest. Your estate will receive a
charitable estate tax deduction at your death, when the gift is made
to DEFHR.
Gift Annuity - A gift annunity is a contract between a
charity and yourself. In return for a donation of cash or other
assets, the charity agrees to pay a fixed payment for life to you or
to a friend or family member of your choosing. YOu also can claim a
charitable tax donation. If you fund a gift annunity with long-term
capital gain property, you will have to report only some of the
gain, and may be able to report it in installments over many years.
Income from a gift annunity can be deferred for a period of years.
Deferred gift annunities are often set up by younger donors to
supplement retirement income.
Pooled Income Fund-The name describes this planned gift
well-- a charity accepts gifts from many donors into a fund and
distributes the income of the fund to each donor or recipient of the
donor's choosing. Each income recipient receives income in
proportion to his or her share of the fund. After making the gift to
a pooled fund, you receive a charitable income tax deduction and
will not have to pay capital gains tax if the gift is of appreciated
property. When an income beneficiary dies, the charity receives the
donor's portion of the fund. DEFHR does not currently offer a pooled
income fund arrangement, but we may in the future.
Charitable Remainder Trust- This trust makes payments,
either a fixed amount (annunity trust) or a percentage of trust
principal (unitrust), to whomever choose to receive income. You may
claim a charitable income tax deduction and may not have to pay any
capital gains tax if the gift is of appreciated property. At the end
of the trust term, the charity receives whatever amount is left in
the trust. Charitable remainder unitrusts provide some flexibility
in the distribution of income, and thus can be helpful in retirement
planning.
Retained Life Estate- You may make a gift of your
personal residence or FARM, to charity and retain the right
to live there for the remainder of your life. You receive an
immediate income tax deduction for the gift. At your death, the
charity can use or sell the property.
This information is provided to give basic information about
planned giving options. We recommend that you speak with your
financial advisor to get specific advice about what choices you
make. If you do not have a financial advisor, we can provide a
source of contacts for your review.
P.O. Box 309
Lisbon, MD 21765
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