A legacy to Southern California Golden Retriever Rescue may come in different forms:
Gifts of cash
Gifting cash – the simplest donation and provides an immediate tax deduction for you.
Gifting appreciated securities
Gifting appreciated securities – you transfer securities to SCGRR, receive an immediate income tax deduction for the fair market value of the securities on the date of transfer while paying no taxes on the gains, and SCGRR gets the full benefit of your gift! We have partnered with Wells Fargo Advisors to accept stocks, bonds and mutual funds. If you require any further information, please send your inquiry to us at firstname.lastname@example.org.
Beneficiary designation of a living trust, testamentary trust, life insurance policy, bank account, investment account, or retirement account
Beneficiary designation of trust or accounts – contact your attorney or financial adviser on how to update your beneficiary information for your trust, life insurance or investment accounts. By either gifting a policy or naming Southern California Golden Retriever Rescue as your beneficiary, you can provide us with a large sum of money that will create a lasting legacy and forever change the lives of thousands of animals.
An outright gift in your will of cash or investments
Charitable Remainder trust
Charitable remainder trust – an irrevocable, tax-exempt trust in which you place assets that will provide you income for a period of time and then remaining assets are turned over to a charity of your choice.
Foundations – similar to setting up a corporation, a foundation requires many legal requirements and supervision. Foundations and endowments can be a wonderful way to create a lasting legacy for you and your family to support one or many different charities.
Donor Advised Funds
Donor advised funds – a tax-preferred investment account specifically ear-marked for charitable giving. The donor is eligible for an immediate tax deduction, the assets grow tax-free, and you have control of when you decide to distribute the assets to a charitable organization.
Disclaimer: This is not intended as legal or tax advice. There are tax consequences associated with any gift, especially retirement accounts after someone passes. Any potential donors are responsible for learning about any tax consequences associated with a gift or bequest. We recommend contacting an estate planning attorney and/ or financial advisor to discuss these issues.