You can leave a legacy of your compassion for animals by making a planned gift to the Sacramento Area Animal Coalition (SAAC). Below find information on how to leave a bequest in your will and make other types of planned gifts.
This information is meant to offer you basic information. It is not meant to be professional tax or legal advice.
SAAC’s tax ID number is 51-0461220.
Bequests in Wills
You can give an outright gift of cash, securities or personal property and designate it for transfer to SAAC. You can make a gift of described property, a percentage of your estate, the residual of your estate, or a specific dollar amount. Talk to your lawyer or estate planner about including SAAC in your will.
The following is suggested language for including SAAC in your will.
- Testamentary gift I give and bequeath to the Sacramento Area Animal Coalition, a not-for-profit corporation located in Sacramento, California (tax ID number 51-0461220), the sum of ($______) to be used by its Board of Directors as deemed advisable within its corporation powers.
- Testamentary residuary clause All the rest, residue, and remainder of my estate, both real and personal, I give, devise and bequeath to the Sacramento Area Animal Coalition (tax ID number 51-0461220), a not-for-profit corporation located in Sacramento, California, to be used by its Board of Directors as deemed advisable within its corporation powers.
- Contingent interest clause I give and bequeath to (name the person) the sum of _________ (spell out)_______ dollars ($_______) in the event that he/she shall survive me. Should said (name the person) predecease me, I give and bequeath said sum to the Sacramento Area Animal Coalition (tax ID number 51-0461220), a not-for-profit corporation, located in Sacramento, California, to be used by its Board of Directors as deemed advisable within its corporation powers.
Other Types of Planned Gifts
- Living trusts. In most states, a will must go through a probate process that can often be expensive and time consuming. By creating a revocable living trust you can avoid probate while naming SAAC as a beneficiary of the trust, much as you would by making a bequest in a will.
- Life insurance policies. Insurance can often provide a fairly inexpensive way for you to leave a sizeable gift. If your existing policy is no longer needed for its initial purpose (such as your children’s education), you can make a gift of it to SAAC with tax deductions equal to its cash/replacement value. If you are younger, this is a way to make a larger gift than you might have thought possible.
- Charitable remainder annuity trust. This allows you to make a gift and retain income during your lifetime. The annuity trust provides a fixed income for the rest of your life, and you can name another to receive income as well. The principal passes to SAAC after the last income beneficiary dies. This trust also provides a charitable tax deduction and avoids capital gains taxes when appreciated assets are sold.
- Charitable remainder unitrust. Like the annuity trust, the unitrust provides life incomes, tax savings and avoidance of capital gains taxes. It differs in that the income is based on the value of the trust assets as revalued annually. During inflationary periods, when the principal may grow, the trust income can increase correspondingly, keeping pace with inflation.
- The “Totten” trust .The simplest of all trusts: this is accomplished by simply signing a card at your bank that leaves an account “in trust for” SAAC. This action is revocable and the assets of the account are yours for the rest of your life, passing to SAAC free of probate, after your death.
This information is meant to offer you basic information. It is not meant to be professional tax or legal advice. Please consult your personal financial advisor about making a planned gift.
If you have made a planned gift to SAAC or need additional information, please send an email to email@example.com.