Planned Giving


PLANNED GIVING: ENSURING OUR FUTURE

We know you care about the Animal Rescue League of Southern Rhode Island because your faithful and generous donations make possible our work on behalf of homeless pets. But what about the future? There are many ways you can ensure that the ARL/SRI can continue that work for years to come.

Bequests

Leaving a bequest in your will is one way, but definitely not the only way, to leave a lasting legacy to the ARL/SRI. You may have a retirement plan such as an IRA or a 401(k) that requires a beneficiary designation. Your beneficiary does not have to be a person. You can name the ARL/SRI as your beneficiary. Retirement plan assets left to heirs other than a spouse are subject to estate and income taxes that can take as much as 70% of the bequest. The same assets, if left to the ARL/SRI, would not be subject to the same tax liabilities, meaning the greatest portion of your gift will be used for your intended purpose. Naming the ARL/SRI as a beneficiary of a life insurance policy is another simple way to ensure that your gift goes directly to fund the League’s programs and services.

Charitable gift annuities

If you are looking for a way to provide for your retirement, enjoy an immediate tax benefit, and leave a lasting legacy to help animals, then a charitable gift annuity may be just the thing for you! A simple agreement is written between you and the ARL/SRI whereby a gift of cash, stocks, and/or bonds is transferred to the League. In return, you (and/or another person you so designate) will receive fixed payments for life. You would be entitled to a tax deduction for a portion of the gift amount in the year the gift is made. A portion of each payment made to you is also tax free for a period of years.

Charitable remainder trust

If you are considering leaving a larger amount to the ARL/SRI, you may want to consider a charitable remainder trust. As with the charitable gift annuity, you receive payments for your life or for a fixed period. This concept is especially suitable if you are planning to sell a highly appreciated asset, such as real estate, and want to avoid paying the capital gains taxes.

IRA “rollover”

Another option to consider, if you are 70.5 years young, or more, is an IRA rollover. In 2007 the President signed into law legislation allowing tax-free direct distributions to qualified charities from IRAs. Before this legislation, the transferred amount was included in the individual’s taxable income.

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  • Happy Endings

    • Tory (formally known as Frito)

        I am so happy that Jennifer had asked me to foster Tory for the shelter. At first I thought it was only going to be for a few weeks but it was for a month. I was concerned for what if my dog, Duncan and Tory got along, well know I have Tory and Duncan and I couldn’t be happier. She makes you laugh all day long. Always jumping into shopping bags and running around the apartment with Duncan, he chases her and she chases him. Tory is such a love bug, always waiting for me at the door with Duncan when I get home. She has a purr that is so loud that I cannot fall asleep till she stops J Tory loves to cuddle with me and even Duncan. She still has not grown into her tail! Alexis

    • Kali (formerly Duchess)

      Hi Jennifer… I just wanted to send you a picture of Kali (formerly Duchess). We are just loving her so much! It didn't take her too long to finally start venturing out of the bedroom and into the rest of the house. She loves to be with people…if you sit on the couch, your lap becomes prime real estate. My husband's lap seems to be her lap of choice. We've also discovered that she loves to chase the laser. She actually sits in a particular spot at night time and waits for it. Quite funny. Thanks again!! Patty Marshall

    • Skiddie

      Hello! It's Tucker Curtis; I adopted Skiddie a few yearsago, and she is doing great! She has really come out of her shell, and is getting more social every day. I love it when she sleeps with me, and her purr is so cute; it's like motor! We are like best friends now.