Bequests and Other Planned Gifts
By planning today, your gift to HAWS can have a meaningful impact tomorrow. The term planned giving encompasses a now-and-later aspect to these types of gifts. The present value or the now of the gift, includes things such as charitable income tax deductions. The future or later value comes in the form of tax relief for your heirs, along with the ability to help your family carry on your philanthropic legacy and grant financial stability for HAWS, an entirely donor-funded non-profit organization.
Bequests can be directed to specific programs or to the HAWS Endowment Fund, which is administered by three qualified, appointed trustees. This fund provides a perpetual source of income for the society. Bequests are especially important, because they enable the society to improve and expand its programs, services and facility. By adding to our Endowment Fund, the earnings from your gift will allow us to fulfill our promise to our community and fulfill our mission for years to come.
Your personal attorney or financial planner can thoroughly explain the benefits to you and assist in setting up your planned gift for HAWS.
The Protecting Americans from Tax Hikes Act of 2015 was signed into law in December, permanently extending the IRA Qualified Charitable Distribution (“QCD”). This popular rule allows individuals age 70.5 and older to make tax-free donations of up to $100,000 directly from their IRAs to qualified charities, such as HAWS. Please read this question/answer sheet for details.
YES! I’d like to make a Gift for Tomorrow to HAWS!
Download the HAWS Planned Giving Form here.
Gifts of Stock, Bonds, Mutual Funds
These properties can allow the donor to avoid the capital gains tax. The value of the gift has tax deduction benefits.
Gifts of Insurance
Life insurance policies naming the Humane Animal Welfare Society as the beneficiary may be purchased. All premiums paid by the donor are deductible as cash contributions. If HAWS is named as the secondary or final beneficiary, the funds received will be a charitable deduction with regard to federal estate taxes.
Gifts of Real Estate
Donating assets that have increased in value can save the donor capital gains taxes, generate a current tax deduction and reduce federal estate tax.
Note: All references to tax advantages and benefits are made in accordance with current tax laws. Since such laws change frequently, a professional familiar in this area should be consulted at the time the gift is being considered.
The following clauses are recommended for making an unrestricted bequest donation. Your personal attorney or financial advisor can provide additional wording.
“The Humane Animal Welfare Society of Waukesha County Inc. is to receive…” (note percent of your net residuary estate after payment of all debts and taxes).
“The Humane Animal Welfare Society of Waukesha County Inc. is to receive the sum of …” (indicate specific amount).
“The Humane Animal Welfare Society of Waukesha County Inc. is to receive property at the following address…”
(for real estate bequests).
“This bequest is unrestricted, and the board of directors may use the gift for the benefit of the Humane Animal Welfare Society of Waukesha County Inc. in any manner it deems appropriate.”