PLANNED
GIVING - A LEGACY FOR THE ANIMALS
Ensure a Future for
Homeless Animals by Including Operation Kindness
in
your Estate Plan
Your legacy can live on for
the homeless animals in our community when
you include Operation
Kindness in your will. Making a gift to Operation
Kindness through your estate is one of the
most charitable and effective ways to ensure
that we can carry on our mission to save animals'
lives far into the future.
Gifts through your Will
or Living Trust By including a bequest to Operation Kindess
in your will, you enable us to continue our
work of rescuing, rehabilitating and protecting
homeless, unwanted and abused animals.
All bequests left to Operation Kindness, no
matter what the size, provide much needed resources
and may allow you to take advantage of favorable
charitable deduction tax laws. A bequest does
not have to be cash, but may take other forms
including, life insurance, securities, mineral
rights and real estate.
A gift to Operation Kindness through your
will or living trust is a powerful statement
of your concern for our companion animal friends
and of your support for Operation Kindness'
mission to provide quality care for homeless
and unwanted dogs and cats in a no-kill environment
until they are adopted into their forever homes.
The most common planned gift is a bequest
of cash through your will or living trust.
You can arrange for a gift of a specific amount,
a percentage of your estate, or even all or
part of the residuary of your estate. If you
would like to make such a gift, your attorney
may wish to include language similar to the
following:
"I hereby give and
bequeath to Operation Kindness, a nonprofit
Texas corporation now
or formerly located at 3201 Earhart Drive,
Carrollton, Texas 75006, Federal Tax ID number
75-1553350, the sum of $ ____ in cash (or "x" percent
of the rest, residue, and remainder of my estate),
to be used for its general purposes." (or
specify a specific purpose or program).
If you already have a will, you can add a
codicil with a bequest to Operation Kindness.
Your attorney will need to know the Operation
Kindness is a 501 (c)(3) nonprofit Texas charitable
organization with the place of business located
at 3201 Earhart Drive, Carrollton, TX 75006.
Our Federal Tax ID is #75-1553350.
If you do not have an attorney and would like
to discuss the possibility of writing a simple
will, we may be able to consult with you.
Other Planned Giving
Opportunities
A gift of Life
Insurance or Retirement Plan Beneficiary
Designation
to Operation Kindness is a simple and smart
way to provide for the animals at Operation
Kindness and may result in favorable tax benefits
for your heirs. Operation Kindness can be named
owner and beneficiary of an existing fully
paid policy, or you may purchase a new policy
naming Operation Kindness as owner and beneficiary.
Discuss the possibilities of planned giving
through life insurance with your life insurance
consultant.
Retirement Plans
Retirement
plan assets are among the best assets to use
for charitable gifts. You can
create a legacy by naming Operation Kindness
as beneficiary or contingent beneficiary of
an IRA, 401(k), 403 (b), Keogh account, or
other qualified retirement plan. Upon your
death, all or a portion of the unused balance
in your account is transferred to Operation
Kindness as a charitable gift.
When a retirement account is left to a charity,
the organization does not pay the income tax
otherwise due if left to a friend or non-spouse
family member. Making such a gift requires
merely completing a Change of Beneficiary form,
which may be obtained from the plan administrator.
Charitable Remainder
Trusts can provide an
income stream for life for you and also give
you favorable tax treatment. The gift in trust
can be cash, stock or other property and it
is administered by a designated trustee. As
the income beneficiary, you receive the income
for life and then at the time of your death,
the remaining principal goes to the designated
charity. There are also other types of trusts
that can benefit you as well as Operation Kindness.
Talk with your financial planner or contact
us for more information.
Gifts of stock offer two-fold tax savings.
First, you avoid paying capital gains tax on
the increase in value of your stock. Also,
you receive a tax deduction for the full market
value of the stock on the date of the gift.
Donations of
real estate may provide particular advantages
and tax savings. If you have owned
a piece of real estate for many years, it may
have appreciated in value to the point that
capital gains taxes will be exceptionally high
if it is sold. By donating this property to
Operation Kindness, you may avoid the capital
gains tax burden, yet realize a charitable
deduction for the fair market value of the
property. Favorable tax treatment may also
be afforded with a gift of long-term appreciated
securities. Please discuss this with your tax
advisor. (Please note that Operation Kindness
may choose to decline certain gifts of real
estate. We’ll be happy to discuss this
further with you.)
A Lasting Legacy of Love
More and more people are concerned with providing
care for their
companion animals should their pets outlive
them. We would be happy to discuss your pets’ future
with you and talk about ways Operation Kindness
might be able to help.
By making a bequest to Operation Kindness,
we will be able to continue our mission of
saving homeless and unwanted animals and finding
them loving, forever homes. We strive to continue
to be a leader in our community in promoting
humane values through awareness and education,
and to be a voice for abused and neglected
animals.
Your love for animals
is evident in life, and your legacy can live
on long after you’re
gone.
Operation Kindness would be honored to be
included in your estate planning. We would
be happy to meet with you and your accountant,
attorney or financial planner to explore planned
giving opportunities that will benefit you
and the homeless animals in our care. For more
details on any of these opportunities, or to
schedule an appointment, please
Email us.. or call 972-418-PAWS (7297) x226.
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