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One of
the many puppies
rescued by CHAI during the war with Hezbollah, very happy in his new home |
Providing for Israel's animals in your will, or through other forms of
planned giving, is a wonderful and important way to ensure that your legacy
of compassion continues into the future. Planned gifts are of the utmost importance to
CHAI's ability to
continue to help animals.
The term "planned giving" refers to several kinds of gifts made in
accordance with United States tax law. The information on this website
primarily relates to these U.S. tax laws. We welcome donations from
individuals in other countries. Please check with your lawyer or financial
advisor for information about regulations in your country.
Planned gifts include your donations that CHAI receives now and also those
that CHAI will receive in the future.
A gift that CHAI will receive during your lifetime
These donations can be in the form of assets such as cash, securities,
real estate, or personal property, such as a car. U.S. tax laws encourage
charitable giving, and in many cases, you can receive a substantial tax
deduction in return for your gift.
A future gift
The most common method to make a planned future gift is by will or trust. Because U.S. tax laws encourage charitable giving, unlimited amounts
can generally be left for charitable purposes free of estate and gift taxes.
Although the information on our website relates primarily to U.S. tax laws,
we welcome help from individuals in other countries. Please check
with your lawyer or financial advisor for information about regulations in
your country.
SOME PLANNED GIVING OPTIONS:
A BRIEF OVERVIEW
Please note:
We strongly suggest that you consult with a qualified
specialist, such as your lawyer, estate planner, or financial advisor for
more information, assistance, and advice.
Gift of securities
Gift of real estate
Gift of a retirement plan
Gift of insurance
Gift by will or trust Gift of securities In the United States and a few other countries, it is usually better from a
tax standpoint to donate appreciated stocks and mutual funds you have held
for more than one year directly to CHAI, rather than selling them first and
then donating the cash. If you donate the securities directly, you may not have to pay capital gains
taxes on the increase in the value of your securities, and you may be able to claim the full market
value of your stock or mutual fund as a donation.
In addition, bonds and other securities can be willed to
CHAI with the provision that you will continue to receive the interest from
them throughout your lifetime.
Gift of real estate Giving real estate directly to CHAI provides similar benefits to giving
securities directly. A gift of real estate may consist of all or a partial
interest in many types of property, such as a residence, vacation home,
farm, ranch, condominium, cooperative apartment, or commercial property.
A "life estate" is created when you make a charitable transfer of ownership
of a personal residence to CHAI during your lifetime while being able to
continue to live in the property throughout your lifetime.
Gift of a retirement plan Retirement assets are one of the most beneficial
of gifts. Contributions made over the years to an IRA or other
qualified plan have been growing tax-free within the plan, and if left to a charity,
estate
taxes are usually avoided. The gift can be either a dollar amount or any
percentage of your retirement plan or IRA account. Your retirement plan’s
administrator can provide a beneficiary form for you to name CHAI as your
sole or partial beneficiary.
Gift of insurance There
are several ways to support CHAI through an insurance-related gift. Please discuss this with your financial advisor or
insurance agent. Gift by will or trust Through a will, you may make a gift from your
estate in a number of ways, including leaving a specified dollar amount or
percentage of your estate, leaving a specific piece of property, or leaving
the remainder of your estate after other expenses and bequests have been
paid. There are numerous kinds of trusts. Trusts allow you to make significant
gifts to CHAI while also enjoying a number of tax and other financial
benefits. Through the use of a trust, you can provide income for yourself
and other people, while reducing or eliminating income taxes, estate taxes,
and gift taxes. There are a great many options for both wills and trusts,
and the help of professional advisors is essential.
To name CHAI in your will or trust, all you
will need is the following
information: CHAI's full legal name: Concern for Helping Animals in Israel, Inc.
CHAI's permanent mailing address: PO Box 3341, Alexandria, VA 22302 CHAI's federal tax identification number: 52-1349562 Your relationship to the beneficiary: Charity
CHAI is a registered 501(c)(3) nonprofit charitable organization.
Because wills are legal documents,
your bequest should contain the phrase:
"I give, devise, and bequeath to Concern for Helping Animals in Israel
(CHAI),
Inc., federal tax identification number 52-1349562, with the permanent
address of PO Box 3341, Alexandria, VA 22302, the sum of $_______
and/or unencumbered properties described as___________ [describe the real
estate or personal property or percentage of your estate] to be applicable
for the general purpose of the organization."
To add to an existing will, simply write this
information as a codicil (an amendment). Both wills and codicils must be
witnessed and dated.
Be sure that your bank or your attorney has a copy of
your will to be certain that your wishes will be respected.
If you are planning to make a gift through a will or trust, or if you have
already provided for CHAI in your will or trust, please take a moment to
tell us about it by phone or letter. This information, which will be kept
strictly confidential, will also help to ensure that your wishes are
respected.
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