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Friends and supporters of Save the Chimps play a vital role in ensuring the organization's future and financial health.
Save the Chimps can help you create an immediate or deferred gift plan that will best express your desire to benefit the organization, at the same time fulfilling your personal financial goals.
A properly designed gift can
Provide life-long income
Convert low-yielding assets into a higher income stream
Reduce or eliminate taxes on capital gains
Generate a substantial federal income tax deduction
Eliminate or reduce federal estate taxes
Types of Giving
Securities
Charitable Lead Trusts
Bequests (Gifts by Will)
Testamentary Trusts
Life Insurance Policies
Life Income Gifts
Pooled Income Funds
Charitable Remainder Trusts
Securities
Gifts of appreciated stocks or bonds have the same positive benefit to Save the Chimps as a gift of cash; however, a gift of securities is usually more beneficial to you, the donor, than a gift
of cash.
With a gift of marketable securities that have been held longer than one year, you receive a charitable deduction of the full fair market value (FMV) of the securities. The FMV is determined by
the average of the high and low sales prices of the stocks on the gift date. You may apply the gift as a deduction up to 30 percent of your adjusted gross income (AGI) in the case of securities
and avoid gift and estate taxes as with gifts of cash. In addition you avoid paying any capital-gains taxes on the appreciation in the value of the securities. This can be a major benefit to you
if you have held securities over a number of years and they have grown in value.
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Charitable-Lead Trusts
A donor creates a Charitable-Lead Trust by transferring ownership of an asset to a trust. The trust gives the income, or a percentage of the income, to Save the Chimps each year for a period of
years (usually 15-20). At the end of the period of years the trust assets are given back to the donor or to named beneficiaries. The lead trust typically is used with assets with a potential for
continued high appreciation. The trust permits the assets to be transferred to other family members at a low transfer cost.
Utilizing the lead trust, donors may leave a significantly larger inheritance to their heirs than they could have left via a will or other trusts.
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Bequests (Gifts by Will)
A bequest may be particularly attractive as a gift option if you are unable to make a current (outright) gift, but would like to contribute to Save the Chimps in a meaningful way. Bequests may
be restricted or unrestricted and will be used where need is greatest.
"Specific" bequests are most common. You leave a specific amount of money, a specific asset, or a specific percentage of your estate to the organization or charity of your choice. "Contingent"
bequests are ways for you to contribute to Save the Chimps even if you have young children.
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Testamentary Trusts
Your Will may direct a portion of your estate go to a pooled income fund or charitable remainder trust. The pooled income fund or charitable remainder trust will then pay life income to a named
beneficiary. After the beneficiary's death, Save the Chimps will receive any remaining funds.
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Life-Insurance Policies
Two forms of life insurance are typically donated. They are paid-up whole and universal life- insurance policies and newly issued whole and universal life-insurance policies. A paid-up policy
has a cash value that may be used immediately if necessary by Save the Chimps.
Taking out a new whole life or universal life insurance policy is one way to make a significant gift. The policy may be structured such that you only pay premiums for approximately 10 years and
each year's premium payment is tax-deductible. If you are considering such a life-insurance policy, we suggest you contact the Gift-Planning Office before beginning the insurance-policy
paperwork.
If you pay any further premiums, those payments are also tax-deductible. Payments in the amount of the premium should be paid to Save the Chimps. We will then pay the insurance company
premiums.
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Life-Income Gifts
Imagine making a gift that will continue to pay you back. You may make a gift of cash, securities, and/or real estate to Save the Chimps and keep the right to receive income from those assets
for as long as you live. Usually you include your spouse or another beneficiary in the gift contract so they will continue to receive life income if you predecease them. At your death and/or
the death of the last remaining beneficiary, Save the Chimps receives the remaining principal.
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Pooled-Income Funds
Pooled-Income Funds were designed to allow you to give away assets, such as stocks or bank savings, while keeping the right to receive the interest and/or dividend income. Save the Chimps may
use the remaining principal only after your death and the death of one surviving beneficiary if one is designated.
A Pooled-Income Fund gift provides several financial and estate planning benefits
You retain income for life. If you donate a typical dividend-paying stock you may approximately double the quarterly income you were receiving.
You avoid capital-gains taxes on the sale of appreciated securities.
You remove all or most of the assets donated from your estate, thereby reducing potential estate taxes.
You receive an income tax deduction based on your age, usually around 40 percent of the amount donated.
You eliminate your day-to-day investment decisions and worries.
Eventually your gift will be a significant benefit to Save the Chimps.
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Charitable-Remainder Trusts
Charitable-Remainder Trusts are basically similar to the Pooled-Income Fund. There are two main types of Charitable-Remainder Trusts. They are Annuity Trusts and Unitrusts. With both types of
trusts you receive a charitable contribution income tax deduction based on your life expectancy. You also avoid capital-gains taxes on the sale of appreciated securities or real estate, and you
reduce potential estate taxes. The main difference between the two types of Charitable-Remainder Trusts is the way your annual income from the trust is determined.
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Contact Us
We are happy to answer your questions about giving to the Save the Chimps. Our staff members can help you or your representatives plan a gift that will best benefit Save the Chimps and best
serve your own financial future. We can provide sample language, tax calculations, and informational literature and are happy to talk with you by telephone or meet with you in person.
Please feel free to contact our staff members by calling them at 772-429-0403 or submitting the online form at the bottom of this page to receive a reply to your specific questions.
E-mail us and receive a reply to your specific questions about planning a gift to Save the Chimps.
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