There are more ways to help Flying Change's rescue foals and therapy clients than you may think! While we are always thankful for a cash gift today, some of our donors bless us by arranging gifts in the future through planned giving.
Wills & Bequests
Your bequest is private. Your gift is known only to you, your attorney and the people you choose to inform of your plans. You can change or revoke your bequest at any time.
Your bequest is not payable until after your lifetime, so it does not affect your assets or savings during your lifetime. If you already have a will you can make a change such as adding a bequest, you may need only a codicil. This document amends, rather than replaces, your existing will. If you need to make major changes, it may be best to make a new will. A new will revokes your existing will. In either case, consult your attorney.
Donor Advised Funds
A donor advised fund is a charitable giving program managed by a nonprofit institution—known as a sponsoring organization—and created for the purpose of managing charitable gifts on behalf of donors. You contribute assets such as cash, stocks or bonds to a donor advised fund established in your name and managed by a sponsoring organization. The sponsoring organization reinvests your gift as you direct and makes distributions from your fund to charities you recommend. Your gifts to your donor advised fund entitle you to an immediate income tax deduction at the time of contribution. You avoid capital gains tax on appreciated assets you place in your donor advised fund. Your fund's investment gains accumulate tax-free. Funds are distributed to Flying Change in your name and immediately put toward providing free therapy to those in need.
Gifts of Stock & Securities
Outright gifts of appreciated securities—stocks, bonds and mutual funds—are a meaningful way for you to help respond to the immediate needs of our therapy clients. Donating stock is a great way to give and receive. When you give stock that you’ve held for more than a year, your gift and your charitable tax deduction are for the current fair market value, even if the cost basis was much lower. You also avoid the capital gains tax on the appreciated amount. Making gifts of securities is easy! You can transfer most gifts of stocks electronically from your brokerage account to our brokerage account.
Gifts of Real Estate
Your gift of a vacation home, primary residence, agricultural land or other real estate property will help Flying Change provide our services to those most in need. An outright gift is the easiest way to donate land to us and remove your ownership costs. After the deed is transferred, Flying Change uses the sales proceeds to support our programs. You may also use real estate gifts to fund a life income gift, such as a deferred gift annuity or a charitable remainder trust. You'll avoid an immediate capital gains tax, enjoy a current charitable income tax deduction, benefit from a new income stream and help champion the work of Flying Change.
Charitable Gift Annuities
A Charitable Gift Annuity is a way for you to make a gift that helps Flying Change provide free services, and guarantees lifetime income for you and/or someone you designate. You donate cash, stocks, bonds or mutual funds to Flying Change and ask us to establish a gift annuity. Once we finalize the gift annuity agreement, Flying Change will begin paying a fixed, guaranteed amount of lifetime income to you and/or anyone you name. After your lifetime or that of your selected beneficiary, we will use the remaining principal from your gift to continue our lifesaving work. A charitable gift annuity immediately provides you with a fixed income, part of which is tax-free. Annuity payments are guaranteed by Flying Change for life and you are entitled to a charitable tax deduction when you itemize your federal income taxes.
Charitable trusts are part of the family of charitable gifts that pay an income. These specialized trusts hold and invest assets that you contribute. They then pay an annual income to you and others you name. There are two different income options based on the type of trust that meets your needs:
A Charitable Remainder Trust allows you to provide income to yourself and/or others while making a generous gift to charities of your choice. When you create a Charitable Remainder Trust, you will receive an income tax deduction and avoid capital gains tax on the appreciated assets you place in the trust. When the trust ends, the remaining funds will be paid to charities you have named.
A Charitable Lead Trust provides income payments to at least one qualified charitable organization for a period of time—either a fixed number of years or lifespan. At the end of this period, the assets revert to you, your spouse or another non-charitable beneficiary.
To learn more, please contact us at Info@FlyingChange.org