Your Love of Horses Can Last and Last
Establishing your legacy through planned giving is a wonderful way to help us rescue equines and have an impact far beyond what you might expect. It’s as easy as including Habitat for Horses as a beneficiary of your will or life insurance policy. You can also arrange to have our rescues benefit from a trust or other estate assets. There are lots of options, and our friendly planned giving expert, Amanda, is ready to help. Contact her at 713-966-2480 or amanda.evans@ubs.com with your questions.
Make a Bequest
Including Habitat for Horses in your will is an excellent (and easy!) way to provide for the care and protection of horses in the future. You can name Habitat for Horses as a direct beneficiary or as a contingent beneficiary in the event that an originally designated beneficiary does not survive you.
Here is the language for a simple bequest:
“I give and bequeath to Habitat for Horses, a not-for-profit corporation under section 501(c)3 of the Internal Revenue Code, located at 6060 Habitat for Horses Lane, Alvin, TX 77511, 409-935-0277, Tax ID# 76-0586024, the sum of $______, to be used for the accomplishment of its general purposes.”
Are You 72 Years or Older?
You can give up to a maximum of $100,000 per year from your IRA directly to Habitat for Horses without having to pay income taxes on the money. This gift option is called the IRA charitable rollover or a qualified charitable distribution.
Life Insurance
Making a gift using life insurance can be done by simply naming Habitat for Horses as beneficiary of your policy. You maintain revocable ownership during your lifetime, so you can change this designation when your circumstances do.
Retirement Assets
IRAs and other similar retirement accounts are a great way to save money for retirement, but if you are looking to pass wealth onto your descendants, they may not be the best choice. An IRA can carry a tax burden when passed to non-spouse beneficiaries. If you plan to give your heirs more tax efficient assets, you could give your IRAs or other tax-deferred accounts to Habitat for Horses just by naming Habitat for Horses as the account beneficiary. As a charitable organization, Habitat for Horses receives these retirement assets tax-free to benefit the animals under our care.
Give With Real Estate
Property you no longer want or need, like a vacation home that you rarely visit or a highly appreciated property which would create a large capital gains tax when sold, can be a vital asset that can make a difference to Habitat for Horses when you’re gone. By donating your property to Habitat for Horses, you can avoid the stress and time constraints of finding a buyer, as well as the capital gains taxes triggered by its sale. Our major gift advisors will help you decide on the right gift method, which may result in a significant charitable income-tax deduction. Habitat for Horses will evaluate your gifts of real estate for marketability and potential environmental concerns. Before accepting the gift, we will ask you for detailed information on the property.
Make a Gift Through Securities
Stocks, bonds, mutual funds and other securities are ideal assets to consider in funding a planned gift. Like so many other retirement assets, your heirs can incur a costly capital gains tax if they sell an appreciated investment. By transferring the stock to Habitat for Horses instead, the capital gains tax on the appreciation is avoided and you can receive a tax deduction based on the fair market value of the investment on the date of the donation.
If you are naming Habitat for Horses as a beneficiary of any asset our contact information is as follows: Habitat for Horses, 6060 Habitat for Horses Ln, Alvin, TX 77511, 409-935-0277, Tax ID#76-0586024
Our planned giving expert, Amanda, is standing by to help. Contact her at 713-966-2480 or amanda.evans@ubs.com.