Planned giving is a way of helping others and expressing your values. It can be a flexible and powerful, financial planning tool and help you leave a lasting legacy.
Here are some of the ways you can use your will or estate to continue your support for Can Do Canines. Access our dictionary of commonly used estate planning and gift planning terms.
A bequest to Can Do Canines is a meaningful way to support our work. Your bequest may be for a specific amount or a percentage of your estate. You may also create a bequest that helps us after you have provided for your family and friends, called a residual bequest.
Can Do Canines has partnered with FreeWill, to make this quick and easy. FreeWill provides a free, intuitive, online tool to help you write your will. This tool is free, regardless of whether or not you choose to include a gift to Can Do Canines.
If you’re ready to leave a bequest to us, it’s important to include our correct legal name and address.
Can Do Canines
9440 Science Center Drive
New Hope, MN 55428
Charitable Gift Annuities
A charitable gift annuity is a gift of an asset in exchange for a flow of income. Today, the concept includes valuable tax benefits for donors. Perhaps even more valuable than the financial advantage is the satisfaction you’ll gain by helping us continue our vital work.
Retained Life Estates
One of your valued possessions—your home—can become a valued gift to Can Do Canines, even while you are still living in it, and even if you want your spouse or another survivor to continue living there for life. This arrangement is called a retained life estate.
Wealth Replacement Trusts
You can make a sizable contribution to Can Do Canines now to help meet our current needs, but without reducing the estate you will eventually pass to your family. A wealth replacement trust can accomplish this goal through the purchase of life insurance.
Charitable Remainder Trusts
A charitable remainder trust can help you achieve a number of personal and financial goals. Depending on your circumstances, this plan can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide very important support to our organization.
Charitable Lead Trusts
You can provide an inheritance for your children and also make a significant charitable gift to Can Do Canines through your estate. A charitable lead trust can help you meet both objectives.
If you own real estate that is fully paid off and has appreciated in value, an outright gift of that property to Can Do Canines may be the simplest solution to your giving objectives. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm to us now and keep the right to use the property for your lifetime and that of your spouse.
You can donate a life insurance policy to Can Do Canines or simply name us as the beneficiary. For the gift of a paid-up policy, you receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary.
The best stocks to donate to Can Do Canines are those, which have increased greatly in value, particularly those producing a low yield. Even if you wish to keep them in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction, but will have a new, higher basis in the stock.
Closely-held stock—that which is not publicly traded—can be used as a charitable gift to us, even if you want to maintain a controlling position in the stock.
Retirement Plan Assets
People who have planned carefully for their retirement may find that the assets in their IRAs and other qualified plans exceed their needs. You can designate the assets remaining in the plan after your death to Can Do Canines. This strategy can be far more advantageous than having those assets included in your taxable estate or leaving them to heirs, which could be taxed at a cumulative rate of over 65%.
If you are 70.5 and have a traditional IRA, you are eligible to give a tax-free gift to Can Do Canines directly from your IRA.Get started now!
- No estate tax is due on the retirement plan assets that pass to Can Do Canines
- The gift will qualify your estate for a charitable deduction
- The funds may be used to establish a life income trust for a person of your choice