LEGACY GIVING
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If you choose to include our organization in your estate planning we would be honored to recognize you as a member of our Bequest Society, The Sandy Mitchell Circle of Friends. Learn More
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Planned or deferred gifts can take many forms: life insurance proceeds, a portion of an estate, or income from a trust. Each type of planned gift provides unique tax benefits to you, the donor, and your beneficiaries. Planned gifts should be made with the advice of your professional counsel and will help to ensure a bright future for homeless cats and dogs by helping to sustain and strengthen our organization in the years to come.
One of the simplest forms of a planned gift is a bequest in your will or trust. Bequests can be in the form of a set amount or a percentage of your estate and may be unrestricted or designated for endowment. To avoid confusion it is recommended to use very specific language when naming a bequest. |
CONSULT YOUR ADVISORS
There are many ways to give in addition to those included below. Please consult your legal/financial counsel as you plan your gift. They can help you make the largest possible gift at the least net expense to you. Personal financial circumstances may vary and must be carefully considered to receive maximum benefit from existing tax laws.
SAMPLE LANGUAGE
SAMPLE LANGUAGE FOR UNRESTRICTED BEQUEST
“I give, devise and bequeath to the Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, the sum of $____________ or __________% of my residual estate (or an accurate description of securities, real estate or other property given) to be used for the general purposes of the said organization.”
SAMPLE LANGUAGE FOR RESTRICTED BEQUEST
“I give, devise and bequeath to the Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, the sum of $____________ or __________% of my residual estate (or an accurate description of securities, real estate or other property given). This gift shall be used for __________ (here describe in broad general terms the desired purpose or division).”
SAMPLE LANGUAGE FOR A CONTINGENT BEQUEST
A contingent bequest provides first for family and friends. It benefits CAAA only if other heirs do not survive. They are usually utilized in trust documents.
“If any of the above named beneficiaries should predecease me, then I give, devise and bequeath to Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, all property, real or personal, which said beneficiary or beneficiaries would have received if said beneficiary or beneficiaries would have survived me.”
ANIMAL CARE PROVISION AND PET TRUSTS
We recommend that you make provisions to re-home your companion animals following your death with friends and family. An animal shelter should be a last resort for placement of surviving animals.
Should you need assistance from Cape Ann Animal Aid in placing your companions after your death, you may consider the following wording: “In return for the humane care, relocation and resolution of any animal belonging to me at my death, I hereby bequeath a gift or additional gift to Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, (here describe the details of the gift and any specific desires for the animal[s]).”
Please note that while CAAA is able to re-home the vast majority of the animals in our care, we are unable to guarantee the placement of any animal, particular those with histories of aggression or serious illness. Consider speaking to your estate planner about a “Pet Trust” that would provide financial support for your companion animal in whatever home s/he resides after your death
“I give, devise and bequeath to the Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, the sum of $____________ or __________% of my residual estate (or an accurate description of securities, real estate or other property given) to be used for the general purposes of the said organization.”
SAMPLE LANGUAGE FOR RESTRICTED BEQUEST
“I give, devise and bequeath to the Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, the sum of $____________ or __________% of my residual estate (or an accurate description of securities, real estate or other property given). This gift shall be used for __________ (here describe in broad general terms the desired purpose or division).”
- Escape Clause: In the case of a restricted gift it is wise to include a saving or escape clause so that the donor’s gift can continue to be useful to Cape Ann Animal Aid if conditions change in a way that would nullify or make impractical the original purpose.
“If, in the opinion of the Board of Directors of CAAA, all or part of the remainder of this bequest cannot be usefully applied to the above purpose, they may use the same for any purpose within the general powers of the organization which in their opinion will most nearly accomplish my wishes and purposes.”
SAMPLE LANGUAGE FOR A CONTINGENT BEQUEST
A contingent bequest provides first for family and friends. It benefits CAAA only if other heirs do not survive. They are usually utilized in trust documents.
“If any of the above named beneficiaries should predecease me, then I give, devise and bequeath to Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, all property, real or personal, which said beneficiary or beneficiaries would have received if said beneficiary or beneficiaries would have survived me.”
ANIMAL CARE PROVISION AND PET TRUSTS
We recommend that you make provisions to re-home your companion animals following your death with friends and family. An animal shelter should be a last resort for placement of surviving animals.
Should you need assistance from Cape Ann Animal Aid in placing your companions after your death, you may consider the following wording: “In return for the humane care, relocation and resolution of any animal belonging to me at my death, I hereby bequeath a gift or additional gift to Cape Ann Animal Aid Association (CAAA), a 501 C (3) charitable non-profit corporation, tax identification number 042374914, headquartered at 4 Paws Lane, Gloucester, MA 01930, (here describe the details of the gift and any specific desires for the animal[s]).”
Please note that while CAAA is able to re-home the vast majority of the animals in our care, we are unable to guarantee the placement of any animal, particular those with histories of aggression or serious illness. Consider speaking to your estate planner about a “Pet Trust” that would provide financial support for your companion animal in whatever home s/he resides after your death
LETTER OF INTENT
Please let us know about your intent to include Cape Ann Animal Aid in your legacy planning. Your signature on a confidential “Letter of Intent for your Legacy Gift” is all that is required to become a member of the Sandy Mitchell Circle of Friends. Please return signed form to Cape Ann Animal Aid, Attn: Rebecca Baylies.
If you have already designated Cape Ann Animal Aid as a beneficiary, we welcome you to contact us so that we can thank you for your gift and recognize you as a circle member. In doing so, you will be listed on some of Cape Ann Animal Aid publications. In addition, your name will appear on our website and you will be treated to special events (shelter tours/receptions) and will receive future mailings from the shelter.
If you have already designated Cape Ann Animal Aid as a beneficiary, we welcome you to contact us so that we can thank you for your gift and recognize you as a circle member. In doing so, you will be listed on some of Cape Ann Animal Aid publications. In addition, your name will appear on our website and you will be treated to special events (shelter tours/receptions) and will receive future mailings from the shelter.
CONTACT
Rebecca Baylies, Director of Development and Communications
rbaylies@capeannanimalaid.org
978-283-6055 x23
Rebecca Baylies, Director of Development and Communications
rbaylies@capeannanimalaid.org
978-283-6055 x23
Cape Ann Animal Aid is a registered 501(c)3 nonprofit organization and all contributions are tax-deductible as allowed by law. (EIN 04-2374914)
We do not share information about our donors with any other group, company, or organization.
We do not share information about our donors with any other group, company, or organization.