YOU CAN MAKE A LASTING CONTRIBUTION TO THE WELL-BEING OF ANIMALS IN NEED — THROUGH THE KINDNESS RANCH: AMERICAN SANCTUARY FOR RESEARCH ANIMALS
The ability of the The Kindness Ranch: American Sanctuary for Research Animals to rescue and rehabilitate former research animals and to provide them with safe and secure homes for the rest of their lives depends on the generosity of caring people like you.
As you know, we accept charitable donations in the form of annual Kindness Ranch Sponsorships and outright gifts of cash. But there may be other ways you can make a lasting contribution to our life-affirming work for animals through careful estate planning. In fact, some giving opportunities mentioned in this brochure may financially benefit you and your family as well as the good works of The Kindness Ranch.
The The Kindness Ranch: American Sanctuary for Research Animals is a nonprofit tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Gifts made to The Kindness Ranch are deductible as charitable contributions under federal income, estate and gift tax laws. Please consult your tax advisor for further information on making contributions to charitable organizations.
IMAGINE THE PERSONAL SATISFACTION OF HELPING RETIRED RESEARCH ANIMALS FAR INTO THE FUTURE. HERE’S HOW:
Your generous gift can help The Kindness Ranch provide home-like care to retired research animals and help us expand our adoption and education programs throughout the country.
GIFTS OF CASH & SECURITIES
The simplest type of contribution is an outright gift of cash. If you itemize federal tax deductions, you may deduct your charitable gift. Your gift of highly appreciated securities may allow you to realize significant tax savings through an income tax deduction for the full fair-market value of the securities and the avoidance of capital gains tax.
GIFTS OF REAL ESTATE
If you’ve owned a house, vacation home or vacant lot for many years, its sale might incur a sizeable capital gains tax. When you sell your primary residence, you can make up to $250,000 in profit if you’re a single owner, twice that if you’re married, and not owe any capital gains taxes. By giving this property to The Kindness Ranch instead of selling it outright, you might avoid any capital gains tax and receive a charitable deduction for the full fair-market value of the property. You may also make arrangements for the lifetime use of the gifted property.
You can name The Kindness Ranch as a beneficiary in your will. Depending on the size of your estate, a charitable bequest may significantly reduce your estate taxes. A bequest is a method of naming a specific beneficiary to receive a portion of your estate property.
You should secure the services of an attorney, estate planning professional or financial advisor to determine the best way to construct your will. An experienced professional can help you draft a will that meets the technical and procedural elements required by law. Each state requires that a will be executed in a specific manner.
You may select one of the following types of bequests to make a charitable donation to The Kindness Ranch: ASRA.
* SPECIFIC BEQUEST
A specific bequest states exactly what sum of money or piece of property is to be given. This type of bequest may be worded as follows: “I give and bequeath to the The Kindness Ranch: American Sanctuary for Research Animals, 854 State Highway 270, Hartville, Wyoming 82215, the sum of $__________.” (dollar amount or description of the specific asset)
* RESIDUARY BEQUEST
A residuary bequest determines who will receive property remaining after expenses, debts and other bequests are paid. Residuary bequests can be made to one or more persons or organizations on a percentage basis. For example, this type of bequest may state: “I give the rest, residue and remainder of my estate as follows: 1) Fifty percent to my wife, 2) Thirty percent to my children, and 3) Twenty percent to the The Kindness Ranch: American Sanctuary for Research Animals, 854 State Highway 270, Hartville, Wyoming 82215.”
You may choose to include alternative provisions in the residuary clause. For example: “I give the rest, residue and remainder of my estate to my husband if he survives me; and if not, then to my daughter, if she survives me; and if not, then to to the The Kindness Ranch: American Sanctuary for Research Animals, 854 State Highway 270, Hartville, Wyoming 82215.”
CHARITABLE REMAINDER TRUSTS —
TAX SAVINGS & LIFE INCOME FOR YOU, SIGNIFICANT SUPPORT
FOR THE ANIMALS WHO LIVE AT THE KINDNESS RANCH
You may be able to make a generous gift to the The Kindness Ranch: American Sanctuary for Research Animals and enjoy significant savings in federal estate and gift taxes on an estate in excess of $2,000,000 in 2008 (which will increase to $3,500,000 in 2009) through a Charitable Remainder Trust. These trusts remove assets from your taxable estate. This may be done during your lifetime or through provisions in your will.
You may be able to remove assets from your estate and still have them generate income for you (or someone you name) by placing those assets in a trust. If you select assets that generate little income, such as stocks paying low dividends, the trust can sell them without paying capital gains taxes, then purchase bonds or preferred stocks that generate higher yields. In this way, you can receive more income during your lifetime while the The Kindness Ranch will receive the remainder after you (or the person you designate) are no longer living.
There are different types of Charitable Remainder Trusts. A Charitable Remainder Unitrust must pay out 5% or more (but not more than 15%) each year of the total assets in the trust. A Charitable Remainder Annuity Trust pays a preset dollar amount annually. The Unitrust allows for changes in income, the Annuity Trust for income predictability. You may also choose to set up a Testamentary Trust.
A LOVING LEGACY TO ANIMALS IN NEED –
YOUR CHARITABLE DONATION TO THE KINDNESS RANCH
Your charitable bequest or Charitable Remainder Trust contribution to the The Kindness Ranch will allow you to continue supporting efforts to rescue, rehabilitate and care for retired research animals for many years to come. Your love of animals will live on through the efforts of The Kindess Ranch.
If you would like further information on naming The Kindness Ranch in your will, please contact the Sanctuary, at 307-735-4177. They will be happy to find answers to any questions you may have.
THE FINE PRINT
The Kindness Ranch: American Sanctuary for Research Animals is not engaged in rendering legal or tax advisory services. The purpose of this letter is to offer you general information only. Advice from legal counsel, tax and estate planning professionals should be sought when making contributions to a charitable organization and when drafting and/or amending wills and other estate planning instruments.