Leave a legacy to homeless animals through a bequest to Baltimore Humane Society in your estate plans.
A bequest is a gift of your personal property upon your passing to a person or entity by means of a will or trust. When preparing a will, life insurance policy, or retirement account, you can designate a charitable organization like Baltimore Humane Society as the beneficiary to receive the benefits or proceeds when you pass away. Gifts of this sort can often reduce estate taxes that might be owed on your estate.
You can also include Baltimore Humane Society as a beneficiary or contingent beneficiary in your IRA.
You can designate all or a portion of your IRA to help our homeless pets. A simple call to your financial advisor will easily add Baltimore Humane Society as a beneficiary to your account.
Your traditional IRA will have an age required mandatory distribution (RMD). This distribution is non-taxable regardless of how large. Check with your advisor about donating that distribution to Baltimore Humane Society.
You can also help the animals by donating your life insurance policy, selling it in a life settlement and gifting the proceed, or donating your dividends.
It is essential that you contact a tax advisor or trusts and estates attorney so that you set up your bequest properly and you take proper advantage of tax laws. Be sure to use the proper name for our organization, Baltimore Humane Society. Our Federal Tax Identification number is 52-0623165. We are a registered 501(c)(3) nonprofit charitable organization.
Please contact us at 410-833-8838 ext. 212 for more information about leaving a legacy to homeless animals through a gift to Baltimore Humane Society in your estate plans.