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Leave a Legacy

Consider naming Save Our Cats and Kittens, Inc. as a beneficiary of your will or living trust. Charitable gifts made by bequest are not taxed as part of your estate.

Bequests

Types of bequests include:

  • A fixed amount of money or specific stocks or other investments.

  • A percentage of your estate.

  • A contingent bequest, naming Save Our Cats and Kittens, Inc., as the recipient should another beneficiary not survive you.

  • A residual bequest, leaving a portion or the entire remainder of your estate to Save Our Cats and Kittens, Inc. after all else has been settled.

 

We suggest using the following language in your will or living trust to avoid confusion:
“I hereby give and bequeath to Save Our Cats and Kittens, Inc, a nonprofit organization located at 498 Carmel Drive, Fort Walton Beach FL 32547, Tax I.D. #59-3184216, the sum of $______________ [or, for a residual bequest, ‘___% of the rest, residue and remainder of my estate, both real and personal’] to be used for its general purposes.”

Life Insurance Gifts

There are several ways to donate life insurance:

  • You may contribute the face value of the policy.

  • You can name Save Our Cats and Kittens, Inc,  the owner and/or beneficiary of the policy.

  • You can name Save Our Cats and Kittens, Inc,  a successor beneficiary in case of the death of the primary beneficiary(ies) named in the policy.

 

Each option has different tax benefits. Please consult your accountant or attorney to learn more.

TOD or POD Accounts

Designating a bank or investment account Paid on Death or Transfer on Death means the assets will pass to Save Our Cats and Kittens, Inc,  immediately upon your passing, avoiding the lengthy and costly probate process.

  • “Paid on Death (POD)” accounts can be used to instruct a bank to pay to the Save Our Cats and Kittens, Inc  all or a portion of what remains in a checking, savings, money-market or CD account.

  • “Transfer on Death (TOD)” accounts can be used to instruct a brokerage, mutual fund or other investment firm to transfer what remains in a securities account to Save Our Cats and Kittens, Inc.

Planned Giving FAQs

Q: What does my lawyer need to know to include Save Our Cats and Kittens, Inc in my estate plan?
A: Our legal name is Save Our Cats and Kittens, Inc. We are a nonprofit 501(c)(3) organization located at 498 Carmel Drive, Fort Walton Beach FL 32547 and our federal tax identification number is 59-3184216.

 

Q: What is the best way to remember Save Our Cats and Kittens, Inc. in my will?
A: We encourage donors to consider giving their support without restrictions, so that Save Our Cats and Kittens, Inc. can use the funds to help homeless pets in the greatest need.

 

Q: What kinds of assets may be given to Save Our Cats and Kittens, Inc. under my will?
A: Save Our Cats and Kittens, Inc. is able to accept gifts of cash or appreciated securities as well as contributions of life insurance, retirement or pension plan assets. We are also able to accept gifts of real estate, tangible personal property and automobiles.

Save Our Cats and Kittens, Inc. is not able to give professional, legal planned-giving advice. We highly recommend seeking legal consultation prior to drafting your planned-giving documents.

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