Benefits of Planned Giving
We invite you to include Pug Rescue of Florida (PROoF) in your estate plans. We know that when you make a gift, it is because you believe in the work of PROoF and you want to make a difference.
Some kinds of charitable gifts can provide financial benefits to you, your family and your heirs, such as a federal income tax deduction and tax savings; a federal estate tax deduction and tax savings or relief from tax liability on appreciated assets.
We hope you’ll consider including a gift to PROoF in your will or living trust. Called a charitable bequest, this type of gift offers these main benefits:
- Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for PROoF to share with your attorney is: “I, [name], of [city, state ZIP], give, devise and bequeath to Pug Rescue of Florida [written amount or percentage of the estate] for its unrestricted use and purpose.”
- Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatility. You can structure the bequest to leave a specific amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
- Tax Relief. Your estate is entitled to an estate tax charitable deduction for the gift’s full value.
In general, a charitable bequest works for anyone who would like to support PROoF in the future. Because you can change your mind at any time and make your gift in relative proportion to bequests to family and friends, this type of gift has universal appeal.
Choose what to give. Pick from one of these options.
- A general bequest gives us a stated sum of money.
- A residuary bequest gives the “rest, residue and remainder” of your estate, or, more commonly, a percentage of the residue after all other bequests, debts and taxes have been paid.
- A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to PROoF.
Decide how you would like PROoF to use your gift. Choose from one of these three options.
- An unrestricted bequest allows us to use the assets in the most beneficial way.
- A restricted bequest allows you to specify how we are to use the funds. Contact us in advance to be certain your intent can be fulfilled.
- An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion each year, typically allowing the fund to last forever.
Meet with your estate-planning attorney. Whether you need to create a will or simply update an old document, you’ll want to seek the help of an estate-planning attorney.
Let us know of your plans. Please contact Kelly Probst at 352-404-6008 or firstname.lastname@example.org to let us know when you have made plans for such a gift. We would love the opportunity to thank you for your generous act. We are happy to honor your wishes regarding anonymity.