Are you interested in partnering with us to make a meaningful difference in the lives of companion animals in San Antonio both today and in the future? Until pet overpopulation is an issue of the past, the needs of homeless animals will be ongoing. A legacy gift ensures that our organization will be around years from now to fulfill those needs. Along with the satisfaction of having made a gift to benefit animals, with your help we can improve conditions for animals and their welfare both now and in the future.
Remember SAPA! During Your Estate Planning
Wills and Bequests
It can be difficult to think about what will happen to us when we pass away. Many of us might avoid the topic altogether, just because it can be uncomfortable. But it’s important to consider estate planning to make sure your final wishes are respected. Without a will or bequest in place, the decisions regarding distribution of your property might end up in the hands of the state, instead of the people and charities you love. Designating your assets towards a nonprofit’s use can also help offset some of the high estate taxes you might encounter.
When you support SAPA! through your will (bequest) or with another kind of planned gift, you reinforce your commitment to our community’s most vulnerable animals. Supporting SAPA! in this way will help save animals’ lives in San Antonio. Selecting SAPA! as a beneficiary in wills and bequests allows SAPA! to continue impactful services that make our community a better place, securing your legacy of lifesaving for years to come. When remembering SAPA! in your will, you can choose among several options according to your wishes. You can designate a specific dollar amount, a percentage of your estate, or a portion of the residual of your estate, whichever is best for your circumstances. To leave SAPA! in your will, we recommend that you contact an attorney to create and implement a document tailored to your needs.
If you wish, you can direct your attorney to use this language: “I give and bequeath the sum of $ __ (or, ___ percentage of my estate) to San Antonio Pets Alive! Inc, a Texas nonprofit corporation (federal ID # 45-4141351).”
Gifts of Life Insurance and Retirement Plans
You can play an important role in improving the welfare of animals in our community by making a gift of a life insurance policy or retirement account to SAPA!
You can make a charitable gift to SAPA! of life insurance and retirement accounts. By using either of these methods, you might be able to make a larger gift than you would using your assets on-hand. Most often, you can make the gift with no or little loss of income and also receive a substantial tax deduction.
Over time, circumstances in your life may change; the reasons you purchased insurance or saved for retirement may not be applicable to you anymore. If you have coverage you no longer need, you may consider contributing a fully paid “whole life” insurance policy to SAPA! by making us your primary or secondary beneficiary. This doesn’t provide an upfront tax deduction because it is revocable. If you want to provide income from your retirement account for a spouse or another beneficiary, you can direct that the proceeds from the plan fund a charitable gift. In this instance, the estate will be taxed but receives a credit for the contribution.
If making a gift and receiving a tax benefit are important to you, transferring ownership of the policy to SAPA! is the best way to go. Transferring ownership is irrevocable which enables donors to receive a tax benefit for the cash value of the policy. As the donor, you are still the insured individual; however, the policy ownership is transferred to SAPA! and it will receive the proceeds.