How to help the animals
This is the simplest way to give. Your cash gifts may be deductible up to 50 percent of your adjusted gross income for the taxable year. Any excess is deductible over the next five years.
The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. Even if you wish to keep the stock in your portfolio, by gifting it to us and then using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock.
If you own property that is fully paid off and has appreciated in value, an outright gift may be the simplest solution. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm to us now and keep the right to use the property for your lifetime and that of your spouse.
Retirement Plan Assets
Retirement accounts are often exposed to income taxes and estate taxes, at a combined marginal rate that could rise to 75 percent or even higher on large, taxable estates. Yet many of these taxes can be avoided or reduced through a carefully planned charitable gift.
You can donate a life insurance policy to us or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary.
Bequests and Trusts
Bequests are a way to create a legacy by making a gift in your will to friends, family, and charitable organizations like the Spokane Humane Society. You can easily add the Spokane Humane Society to your will through an amendment called a codicil without having to redraft your will. A bequest is one of the simplest ways to remember the animals in our care and honor your life-long commitment of caring for critters.
Trusts offer a great deal of estate-planning flexibility and immediate tax benefits. A trust will provide a benefit for your lifetime and, at your death, the remaining trust assets will pass to the Spokane Humane Society without the necessity of probate or estate taxes helping the animals even sooner.
Endowed Gift Giving
An endowment is a named permanent fund established for a specific purpose chosen by the donor. The principal of an endowed fund is invested to grow over time while the resulting quarterly or annual distributions it produces are used to support the endowment‚Äôs designated purpose. Because they continue to provide the Society with support in perpetuity, endowments are among the most effective gifts for enhancing the long-term quality of the services we provide the animals in our care. Individuals may choose to meet their philanthropic goals for an endowment or annual gift with a pledge. Endowments may be funded with a
three to five-year pledge.
Endowed gifts create life-saving opportunities for animals for present and future generations.
To name the Spokane Humane Society as a beneficiary in your will, trust, retirement plan, life insurance or other plans, our legal description is:
Spokane Humane Society,
Federal I.D. #91-0565011,
a non-profit corporation of Spokane, Washington
The Spokane Humane Society does not provide legal or tax advice. Be sure to consult with your own tax and legal advisors before taking any action that could have tax consequences. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
If you would like to explore any of the giving opportunities described here – or design a gift that fits your specific charitable or financial needs – please contact:
Spokane Humane Society
PO Box 6247 • 6607 N Havana
Spokane, WA 99217
(509) 467-5235 ext 213 • FAX (509) 464-4640