Supporting our mission after your lifetime is easy to do by designating CVHS as a beneficiary for retirement plans, bank accounts, or life insurance policies. No lawyers needed. Simply complete and sign a beneficiary form that is readily available from your financial institution or plan administrator. It is totally separate from your will. You can have single or multiple beneficiaries. And you can adjust beneficiary designations anytime you want.
Benefits for the Donor
- Reduce taxes: Your donation may be exempt from federal estate and income tax. (Example: at a 28% marginal income tax bracket, a $75,000 IRA left to your heirs could incur $21,000 in income tax. Gifting it to CVHS would mean that CVHS benefits from the full $75,000, tax free, to carry on your legacy of helping animals in need.)
- You can still use the money: You may continue to take withdrawals from the plan or account during your lifetime. Any remaining money will be transferred to your designated beneficiaries upon your death.
- Flexibility and control: You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable – you can make changes at any time.
Important: The material presented in this website is intended only as general educational information and should not be interpreted as legal, financial or tax advice. Figures cited in examples are for hypothetical purposes only and are subject to change. We encourage you to consult your financial, tax, and/or legal advisors to obtain guidance specific to your individual situation and philanthropic goals.