Gifts that Pay You Income and Reduce your Taxes

You can receive income for life while providing a helping hand to abandoned, lost, and injured animals.

If you are considering this type of gift, we recommend that you consult with your financial advisor and Stephens County Humane Society.

Charitable Remainder Trust

You can receive income for life and reduce your taxes while supporting Stephens County Humane Society by transferring assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax deduction the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to Stephens County Humane Society.

Benefits include:

• Receiving income for life for you or your heirs.
• Receiving a charitable income tax deduction for the charitable portion of the trust.

Gifts That May Reduce Your Taxes

You can reduce or even eliminate tax liabilities on your retirement plan by naming Stephens County Humane Society as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with Stephens County Humane Society.

Retirement Plan Gift

Naming Stephens County Humane Society as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to support the animals.

Benefits include:

• Eliminating potential estate tax on retirement assets.
• Eliminating income tax on retirement assets funded on a pre-tax basis.
• Receiving potential savings on estate taxation from a donation tax deduction.

To name Stephens County Humane Society as a beneficiary of your retirement plan, contact your plan administrator to see whether a change of beneficiary form must be completed.



Life Insurance Plan

If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for Stephens County Humane Society.

Benefits include:

• Reducing your income taxes.
• Receiving additional donation tax deductions by making annual gifts so that Stephens County Humane Society can pay the premiums or name us as a beneficiary, the proceeds of your policy will be paid to Stephens County Humane Society once the policy matures.

Gifts of Real Estate

You may decide that the greatest gift you can make is to leave your home or farm to Stephens County Humane Society. This kind of gift is ideal for people who intend to continue living in their home or property through their lifetime, but still want to make a charitable gift.

You can leave this generous gift by signing an agreement with Stephens County Humane Society about maintaining the property so you can use it throughout your lifetime. You may even receive a tax deduction for your gift.



Gifts of Stock

Stocks, bonds and mutual funds that have appreciated in value are among the best ways to ensure that Stephens County Humane Society can help animals in our local community.

You may receive a charitable income tax deduction for the full market value of the stock up to a maximum of 30 percent of your adjusted gross income and avoid paying the capital gains tax on any increase in the value of the stock.

You can use these easy-to-follow instructions for making a transfer.



Savings Bonds

When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. You can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Since Stephens County Humane Society is tax exempt, 100 percent of your gift of savings bonds will support our mission.

Benefits include:

• Reducing income tax.
• Reducing income tax and estate taxes for your loved ones.

Contact Us

Please contact us if you have any questions about any of these gift options or to request additional information that might be helpful to you and your attorney as you consider making a gift in support of the animals.

If you have already made plans to make a gift of this type, please contact us to let us know. We would like to thank you and recognize you.

Kelly Nelson
Executive Director
Stephens County Humane Society
Phone: (580) 606-3361
Email: [email protected]