Support from donors like you helps the Spartanburg Humane Society care for thousands of animals each year.
But, did you know that you can help the animals AND receive tangible financial benefits, including current tax deductions, avoidance of long-term capital gains taxes, and reduced estate and gift taxes?
Our planned giving guide can help you to explore opportunities that combine your philanthropic giving with your own financial needs and tax-planning strategies.
There are a number of benefits you can receive when making a planned gift to the SHS. Most importantly, you can ensure that your impact on the well-being of animals will continue long into the future.
There are many ways to include charitable giving to SHS in your estate plan to gain valuable tax relief as well as support our work on behalf of homeless animals.
Remember, it does not need to be a large amount of money today to make a big difference tomorrow!
Download a copy of the SHS planned giving guide (please be patient as it loads).
If you have questions about funding a particular program at the SHS, e-mail us, or call 864-583-4805, ext. 118.
Bequests are the easiest and most common planned gift. With a bequest, you can leave all or part of your estate to the Spartanburg Humane Society, in your will. You may also designate items of personal property for the SHS as well.
Funds are invested and ensure the future strength of our organization. Restricted bequests can also be made for specific programs or uses.
Gifts of real estate are often attractive alternatives to traditional gifts. When you make a gift, you often can deduct the appraised value of the property from your income tax liability.
You can also avoid capital gains liability, remove the property from your estate, and relieve yourself of any future management worries.
There are a variety of charitable trusts that can be formed naming the SHS as a beneficiary. For example, there are two types of charitable remainder trusts: the annuity trust and the unitrust.
The charitable remainder annuity trust provides a fixed annual payment stated as an amount, or as a percentage of the value of the initial trust assets. The annual payment amount will not change over the term of the trust.
The charitable remainder unitrust provides a variable annual payment, based on a percentage of the trust assets as revalued annually. Often, at the end of the term of the trust, the principal, or "remainder," will be passed along to your designee, in this case the SHS.
If you name the Spartanburg Humane Society as the beneficiary of your Individual Retirement Account, 401(k), 403(b), or other qualified pension plan, your estate will receive a charitable deduction for the full amount of these funds.
Retirement accounts can be heavily taxed and can significantly reduce the value of your account when given to an individual.
By making a charitable gift, the tax burden on your estate may be reduced and your heirs may receive increased amounts from other assets set aside for them under your will.
You can designate the Spartanburg Humane Society as the beneficiary of your life insurance policy, established as a gift, and enjoy income tax deductions for the gift.
Many donors choose to use life insurance to make a gift because it allows them to make a gift much larger than they thought possible.
When you do decide to make a charitable gift using your insurance policy, keep this information in your estate plan file where your executor will be aware of the gift at the time of your death.
Estate planning is different for every person and can be quite complex, we advise you to obtain professional advice when designing the plan that is right for you.
Thank you for considering leaving a legacy for the SHS and the animals in our care.