LEAVE A LEGACY !
What is planned giving?
A gift to Sterling Silver Farm Horse Rescue (SSFER) from your estate can insure the long-term success of
our efforts while providing to you and your heirs substantial benefits today and tomorrow. That is what
planned giving is all about.
There are many ways that a gift to SSFER of cash or other assets, such as real estate, artwork, or
partnership interests, can be beneficial to you in the short or to your heirs in the long-term.
Potential benefits of these kinds of gifts include:
• Increased current income for the donors or others
• Reduced donor income tax
• Avoidance of capital gains tax
• Passing of assets to family at a reduced tax cost
• The ability to make a significant donation to a cause about which you feel passionate
With the assistance of a financial advisor, anyone can meet his or her charitable and financial goals. These
kinds of gifts include bequests, trusts and contracts between a donor and a charity. Basic descriptions of the
most popuar types of these gifts are below:
Matching Gifts:
• Many companies have matching gift programs that can double or triple your contribution. Ask your
employer if they will match your individual gift to SSFER.
Honorary or Memorial Gifts:
• Pay tribute to someone dear to you with a memorial gift to SSFER. Honor your pet, your horse, your
friend or family member's memory, by supporting a great cause. At SSFER, we send out a lovely card with
pictures of our horses which states that a donation was made in honor or in memory of "fill in the blank". We
also include the name and address of the donor so recipients can send a thank you if they wish.
Gifts in Kind-
• We accept donations of major items, such as cars, horse trailers, farm equipment, office equipment that
can be used or sold by SSFER to benefit the horses. Please see our wishlist for items we need!
• Life Insurance:
Naming SSFER as the beneficiary of an old life insurance policy that is no longer needed to protect your
family is a simple way of making a large gift. You will benefit from a potential income tax deduction (check
with your tax attorney).
Gift of Stock:
• Stocks and other gifts of investment assets such as mutual funds provide an opportunity for a tax
savings while supporting an excellent cause.
Types of Planned Gifts:
• Charitable Lead Trust - This trust makes payments, either a fixed amount (annunity trust) or a percentage
of trust principal (unitrust), to charity during it's term. At the end of the trust term, the principal can either go
back to you (a grantor lead trust) or to heirs named by you (a non-grantor lead trust). You may claim a
charitable income tax deduction for funding a grantor lead trust or a charitable gift tax deduction for funding a
non-grantor lead trust. Since lead trusts are typically used to pass assets to heirs, non-grantor lead trusts are
far more common than grantor lead trusts.
• Bequest - When you decide to leave assets to charity in your will, you are making a bequest. Your estate
will receive a charitable estate tax deduction at your death, when the gift is made to SSFER.
• Gift Annuity - A gift annunity is a contract between a charity and yourself. In return for a donation of
cash or other assets, the charity agrees to pay a fixed payment for life to you or to a friend or family member
of your choosing. You also can claim a charitable tax donation. If you fund a gift annunity with long-term
capital gain property, you will have to report only some of the gain, and may be able to report it in
installments over many years. Income from a gift annunity can be deferred for a period of years. Deferred gift
annunities are often set up by younger donors to supplement retirement income.
• Pooled Income Fund-The name describes this planned gift well-- a charity accepts gifts from many
donors into a fund and distributes the income of the fund to each donor or recipient of the donor's choosing.
Each income recipient receives income in proportion to his or her share of the fund. After making the gift to a
pooled fund, you receive a charitable income tax deduction and will not have to pay capital gains tax if the
gift is of appreciated property. When an income beneficiary dies, the charity receives the donor's portion of
the fund. SSFER does not currently offer a pooled income fund arrangement, but we may in the future.
• Charitable Remainder Trust- This trust makes payments, either a fixed amount (annunity trust) or a
percentage of trust principal (unitrust), to whomever choose to receive income. You may claim a charitable
income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At
the end of the trust term, the charity receives whatever amount is left in the trust. Charitable remainder
unitrusts provide some flexibility in the distribution of income, and thus can be helpful in retirement planning.
• Retained Life Estate- You may make a gift of your personal residence or FARM, to charity and retain
the right to live there for the remainder of your life. You receive an immediate income tax deduction for the
gift. At your death, the charity can use or sell the property.
This information is provided to give basic information about planned giving options. We recommend that you
speak with your financial advisor to get specific advice about what choices you make. If you do not have a
financial advisor, we can provide a source of contacts for your review.
THANK YOU FOR HELPING THE HORSES WITH YOUR
CONTRIBUTIONS !
Sterling Silver Farm Equine Rescue
