Where there’s a will, there’s a way to help homeless animals.
Making a planned gift to the Animal Welfare League of Arlington is a meaningful way to carry forward a legacy of your compassion and concern for animals. Estate gifts are personal and make a significant impact. At the Animal Welfare League of Arlington, we take your commitment and the responsibility for animals seriously. A Statement of Intent to bequeath a future gift upon the League entitles you to membership in our treasured Legacy Club. Your membership allows us to thank you during your lifetime and to ensure your love of animals is remembered today as well as in the future.
Please mail your Statement of Intent to the following address:
Attn: Director of Development, Animal Welfare League of Arlington, 2650 S. Arlington Mill Drive, Arlington, VA 22206
The information provided below is general in nature and not intended as legal advice. The League recommends that you consult with an attorney or tax advisor to determine which giving opportunity is best for you.
One of the simplest ways to leave a charitable legacy to the Animal Welfare League of Arlington is through a provision in your will. Regardless of your age or financial status, a will is essential to ensure that your property is distributed according to your wishes instead of the arbitrary laws of the state in which you live.
Bequests made through your will may take various forms such as:
• A specific bequest which directs that a specific dollar amount pass to the League (example: I give (dollar amount) to the Animal Welfare League of Arlington.)
• A percentage bequest which designates a percentage of the total value of the estate as a gift to the League. (example: I give (percentage amount) of my estate to the Animal Welfare League of Arlington.)
• A residual bequest which directs that the League receive the remainder of the estate, or a portion of the remainder, after all expenses and other bequests have been made. (Example: I give the rest of the property after all expenses and other bequests I own at my death to the Animal Welfare League of Arlington.)
• A contingent bequest which directs that the League receive all or part of your estate only under specific circumstances such as no surviving family members. (Example: If _____________ (insert name) is not living on the ninetieth day after the day of my death, I give all the rest of the property I own at my death to Animal Welfare League of Arlington.)
A bequest to the League is not subject to Federal or estate taxes, and there is no limit on the amount of the deduction. Most importantly, your bequest to the Animal Welfare League of Arlington will help ensure our ability to provide care and protection for animals in the future.
Naming the League as a Beneficiary
If you have an insurance policy that is no longer needed for the purpose it was originally purchased, you may wish to change the beneficiary to the Animal Welfare League of Arlington. This may enable you to make a significant gift to the League without using any of your estate’s capital.
Some assets, such as IRAs and other qualified retirement plans do not pass directly through your will and require you to name a beneficiary. Consider making the Animal Welfare League of Arlington a full or partial beneficiary. Such plans can be excellent choices for charitable giving because they are taxed more heavily than other assets. However, by making the League the beneficiary, the full value of the gift will pass to the League to be used to benefit the animals. You will maximize the impact of each dollar in your plan and your impact on the animals. Simply request a beneficiary designation form from your plan administrator and designate the Animal Welfare League of Arlington as your beneficiary.
Another simple and relatively straightforward planned giving option is to buy a Certificate of Deposit (CD) at your local bank and name the League as the beneficiary, payable-on-death. The CD can remain on deposit earning interest until the holder’s death, and then the League would receive its value. Simply make sure the CD you but automatically rolls-over and maintains the beneficiary designation.
Making the League the Successor Interest of a Contract
Perhaps you are receiving payments from the sale of a business or real estate or are receiving royalties? You may be able to designate the League as the successor interest to receive any payments that continue after your death.
There are many other powerful ways to combine continuing support for animals with tax benefits and income for you and your loved ones. Please consult with an attorney or tax advisor to determine which giving opportunity is best for you.
For further information please contact the Director of Development at email@example.com or 703-931-9241 x 220.