A Legacy of Love
A bequest to Sanctuary One will leave a legacy memorializing physical and spiritual healing to every person and animal who visits our care farm for generations to come. It can also help ensure that your animals receive the tender, loving care they deserve in the event of your death or medical incapacity.
There are many available options for planned giving. Planned giving can provide tax benefits to you while guaranteeing that your support for facilitating wellness for people, animals, and the planet carries on into the future. Determining the right gift for you is just as important as making the gift. The correct strategy balances what you wish to accomplish for yourself, your family, your financial and estate plans, and your charitable interests.
We would be glad to discuss any planned giving option with you—in confidence and without obligation. Contact Robert Casserly, Executive Director by telephone at
541.899.8627 or email director@SanctuaryOne.org.
Sanctuary One supporter, Lloyd Matthew Haines, shares a laugh with Lisa the pig.
Through estate planning, Mr. Haines has helped ensure a viable future for Sanctuary One.
Some Options for Planned Giving
» Bequests
Bequests, or gifts in your will, are what most people think of when they hear about estate planning. A bequest is one of the simplest ways to make a gift from your estate. You can make a bequest in a variety of ways, including a gift of a specific amount, a percentage of your estate, an item or piece of property, or the amount that remains after you have provided for your loved ones.
» Gifts Through Life Insurance
You may have a life insurance policy that is no longer needed to provide for your family or for other expenses. You can name Sanctuary One as a beneficiary of your policy, or you can make a gift of the entire policy. Your insurance agent can help you get started with a gift through your life insurance policy.
» Retirement Accounts
Like a life insurance policy, Sanctuary One can be named as the first or second beneficiary on your retirement account. Heirs other than your spouse pay significant income taxes on inherited retirement funds. Making a contribution from these funds can help limit the amount of tax owed by your heirs, and can also maximize your charitable gift.
» Gifts of Property/Real Estate
Gifts of appreciated property can be given to Sanctuary One through a donor's will or living trust. The donor would receive an estate tax charitable deduction for the full value of the property; however, a qualified appraisal (obtained no earlier than 60 days before you make the gift) is necessary to substantiate your income tax deduction.
» Charitable Remainder Trusts and Charitable Gift Annuities
A charitable remainder trust or a charitable gift annuity is an arrangement in which a donor's assets provide a regular income stream to the donor, until that income is no longer needed. The assets of the trust or annuity are then passed on to a charity like Sanctuary One.
» Charitable Lead Trusts
A charitable lead trust is designed to reduce the beneficiaries' taxable income by first donating a portion of the trust's income to a charity like Sanctuary One. After a specified period of time the remainder of the trust goes to the beneficiaries. The concept is to reduce taxes upon the estate left by the deceased by donating to charities from the estate until the taxes are reduced. Once that is accomplished the estate is then transferred back to the beneficiaries.
FAQs
» Do I have to be wealthy to leave a legacy?
Almost anyone can make a charitable gift through estate planning. Most people have assets of some kind when they die, even if they are not wealthy. Planned giving is an opportunity to give more and make a greater impact in the long term than you may have been capable of during your lifetime. Including Sanctuary One in your will or giving through your life insurance policy or retirement account are all wonderful ways to support us, even if your current resources are limited.
» Is it important to designate my instructions in a written will?
Your wishes for your estate must be recorded in a will to ensure that they will be carried out properly. Neither the government nor your family will be able to carry out your wishes without proper, legally binding written instructions.
» Don't I want my heirs to benefit from my estate?
Many people want to use their estate to provide for their loved ones. Planned giving is a way to ensure that your heirs fully benefit from the resources you've built over a lifetime. Estate and capital gains taxes can significantly reduce the total amount of an inheritance. Making a charitable gift through your estate can actually decrease the taxes paid by your estate.
» Should I tell Sanctuary One about my estate plans?
Please do tell us if you intend to include Sanctuary One in your estate plans. We want to be able to thank you and, if you wish, to publicly acknowledge your gift and invite you to take a VIP tour of the Samctuary. Click here for a Statement of Intent that you can fill out to inform us of your commitment.
» Will you take care of my animal(s) after I pass away?
Because estate planning gifts help us rescue abused, neglected, and abandoned animals, the Sanctuary provides a good, loving home for a limited number of pets and farm animals transferred in the event of a donor's death or medical incapacity. The cost ranges from $10,000 to $100,000 per animal, depending on what kind of animal it is, the estimated lifetime healthcare costs of the animal, and any special request the donor may have. The first step is to contact us so we can assess your animal's specific needs.
More Information
Please contact Robert Casserly, Sanctuary One's executive director, for additional information or assistance.
