CRAN Legacy Gifts

Your planned gift to the Cat Rescue and Adoption Network (CRAN) endowment fund will provide a lasting presence for generations to come.

Planned Giving Options

There are a number of ways to create your own legacy with a charitable planned gift to CRAN:

Bequest
Charitable Remainder Trust
Gift of IRA, retirement account assets
Gift through Oregon Community Fund

You can make a bequest at any age by:

Making a simple addition (codicil) to your existing will
Writing a new will
Naming CRAN as the beneficiary of your IRA, retirement account or life insurance policy

You can choose to give a:

Specific dollar amount
Percentage of your estate
Specific asset
Remainder after distributions to other beneficiaries

Planned Gift Benefits

Leaving a gift is a way to leave a legacy to support things that are important to you after your death. In addition, you may accrue these additional benefits:

Tax savings
Increase in spendable income
Income for other individuals you name
Solutions for estate–giving and tax issues; for example:
- A bequest saves your family from high estate taxes: you can take an estate tax deduction of 100% of the value of the gift
- A bequest of retirement plan assets passes to charities free of estate and income taxes and can reduce the value of your estate and ensure that more funding goes to support charity work.

Bequests are easy to arrange and are flexible; that is, they can be modified—even revoked—if circumstances or needs change. Best of all, your current lifestyle will not be affected in any way.

Bequests

Are you planning your affairs and deciding how your assets will be distributed? If so, you’ll most likely want to incorporate bequests into your plans. A bequest is essentially the process of passing down your most important belongings to the people and organizations you care about the most.

Bequests are a fantastic way to pass on wealth to your immediate family and create a legacy within your local community. Contrary to popular belief, planning for such things is not just for high-net-worth individuals but for anyone with retirement accounts, cash on hand, insurance policies, or property.

Setting Up a Bequest

Following is suggested language as you work with your attorney on your bequest to CRAN:

Sample Bequest Language

I give, devise and bequeath _____________ (a specific dollar amount or percentage of the residue of my estate) to Cat Rescue and Adoption Network, fully incorporated under the laws of the State of Oregon. I direct this gift to be used to support (specify general programs or endowment or a combination of both) where the need is greatest.

Giving Through IRA / Retirement Plans

You may name CRAN as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts. Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator.

Naming CRAN as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming CRAN as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support CRAN free of both estate and income taxes.

Giving Through Oregon Community Foundation (OCF)

If you have a account with OCF you can directly donate to CRAN by asking your OCF fund manager to send funds to CRAN as an immediate directed donation, or you can specify a legacy gift for CRAN. Please consult with your Fund manager.

Questions?

541-225-4955

It is always a good idea to seek the assistance from a knowledgeable attorney and/or your tax advisor.

Online – A no-cost will development option.

https://www.freewill.com