Leaving a legacy is such a valuable way of helping unwanted, neglected and injured animals now, and for many years to come.
People often think of planned giving as the money they leave in their Will, but there are other ways as well that the PEI Humane Society can benefit from planned giving.
Here are some ways that you can make a difference:
- Remember the animals in your Will
- Name the PEI Humane Society as beneficiary of your RRSP or RRIF
- Name the PEI Humane Society as a beneficiary of a life insurance policy
- Invest in a Charitable Gift Annuity
- Establish a Charitable Remainder Trust
And other ways you can help:
Making a Will is really important and it is never too soon to prepare one. A Will is a powerful document that enables you to distribute your assets exactly as you choose. In addition to remembering loved ones and special friends, your Will can make a big difference to the animals when you make a gift of either cash or property.
Donors can make charitable gifts by naming a charity as a beneficiary of an insurance policy, RRSP or RRIF. Donors no longer have to pass these assets through their estates when they gift them to a charity to be eligible to receive the tax receipt in the year of death.
To make a significant future gift for a modest current expense, life insurance is an excellent option. Options include giving the PEI Humane Society an old policy; designating the Society as a beneficiary of an existing policy; or taking out a new policy and designating the Society as the irrevocable owner and beneficiary.
A charitable gift annuity is a financial planning method that can maintain and even enhance your after-tax income while providing substantial financial aid to the PEI Humane Society. An annuity is very secure, guaranteeing your rate of return and thereby, the amount of your annual payments, for life. This is an excellent financial vehicle for donors who are 70 years or older and can afford to invest at least $10,000.
This gift opportunity allows you to give cash or assets during your lifetime while enjoying the income from that asset for the remainder of your life. Throughout your lifetime you will receive income from this living trust, but upon your death, the “remainder” will pass directly to the PEI Humane Society as the named beneficiary. This type of gift is most suitable for those aged 70 plus, who are able to invest $100,000 or more in the trust.
Other ways that you can help:
A cash donation can go immediately to helping the Island’s companion animals..
Gifts of certain types of securities and real estate are very popular and provide you with better tax benefits than cash gifts.
There are many products and services that the PEI Humane Society can use in both its operations and its fundraising.