Gifts through a Will or Living Trust
Including The NOAH Center in your final giving plans allows you to enjoy the benefits of a gift to charity while making a powerful statement about your love of animals. Remembering NOAH in your Will, Trust or other estate plans allows us to help cats and dogs in Washington State through our programs, rescues and clinic.
A charitable bequest is a gift to charity made at death through a will or trust. You can make a bequest of any size, and direct the gift to support the purpose or a program at The NOAH Center that is most important to you. Many people support NOAH in this way and are honored as a Legacy Club Lifetime Member. For some, this is their first gift to NOAH, but for others, this is a continuation of giving.
Bequests are a vital source of support for The NOAH Center, representing a significant percentage of all gifts received from individuals annually. In addition to supporting homeless pets and our spay/neuter clinic, bequests have also supported and provided funding for state-of-the-art facilities and equipment for saving lives. NOAH particularly values unrestricted gifts, which can be used by the Executive Director to support priority needs.
Questions About Planning Your Legacy? Let Us Help.
Do I need a will or trust? If you want to control the disposition of your property at death, you need to have a will or a trust to direct how and to whom your property is to be distributed. In your will you can also name a person or company to administer your estate and someone to serve as a guardian of minor children. If you do not have a will, state law determines to whom your property is given – with no provisions for gifts to friends or charities.
A gift in your will can be:
• A specific dollar amount or a specific asset.
• All or a percentage of the “residue” of your assets (what is left after you have made other gifts).
• Unrestricted or Restricted (used for a particular purpose).
• Structured to provide lifetime income to family before the gift is available for use by NOAH.
• Contingent (gift is made only if specific conditions occur, e.g., your spouse has died before you).
• Changed by you at any time.
How does The NOAH Center use bequests? The NOAH Center uses gifts from estates as the donor directs. Often bequests are made to establish a named endowment in honor of the donor or others. Endowments are permanent funds designed to provide a perpetual source of annual support for a designated purpose, such as program support, operations, staffing, infrastructure improvements and facility upgrades. Bequests can also be designated for current use, which makes the entire gift available for use immediately.
Can I get tax benefits from making a bequest to The NOAH Center? Charitable gifts from estates present a variety of tax planning opportunities. But unlike charitable gifts made during your lifetime, you do not receive a current charitable income tax deduction. However, if your estate is subject to estate tax, a bequest to The NOAH Center entitles your estate to an estate tax charitable deduction for the amount donated and reduces the amount of tax your estate must pay. Note also that if you make a gift by naming The NOAH Center as a beneficiary of your retirement plan or IRA, there are income tax benefits. Please advise with your financial planner or attorney for your individual planned giving.
Six Steps to Creating a Charitable Bequest
1. Determine the people and charities you wish to support and the property you expect to be available for those gifts.
2. Consult with an attorney who regularly prepares wills, trusts, and other estate planning documents.
3. If you have pets, consider The NOAH Center's Pet Bequest program as a part of your long-term planning.
4. Contact our Development Director to discuss your planned gift to The NOAH Center. They can help make sure your donation will be used for your chosen purpose or help you select how the funds can be used to make a difference in the lives of homeless pets. In addition, they can provide you with a sample bequest language to share with your attorney.
5. Provide our Development Director with a copy of the relevant provision from your will or trust benefiting The NOAH Center. This information will be kept on file and remain confidential.
6. Receive appropriate acknowledgment and recognition into The NOAH Center's Legacy Club for your intended gift from The NOAH Center. Planned gifts may remain anonymous by request.
Every day at The NOAH Center, bequests already received help save the lives of homeless pets, support our spay/neuter clinic, and enhance our volunteer program. Your bequest can continue this vital work and leave a lasting legacy in your name. If you want to make a difference with a gift in your will or trust, we invite you to contact The NOAH Center's Development Director at email@example.com or 360-629-7055.