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| What is Planned
Giving?
When you give to the Kentucky Humane Society through Planned Giving,
you can experience immediate and long-term benefits to you, the
donor, as well as to KHS to continue its efforts in saving thousands
of animals each year.
Confidentiality
When you inquire about anything regarding planned giving, you are
not obligated to the Kentucky Humane Society, and your inquiry will
be held in the strictest confidence. If needed, we can help you
communicate your interests to your attorney or financial planner.
Bequests
A gift to the Kentucky Humane Society in your Will provides your
estate with an unlimited tax deduction. KHS can be a beneficiary
under your Will in several ways - as the recipient of an outright
gift, either in a designated amount or as a percentage of your estate
or as a residuary beneficiary to receive the balance of your estate
after specific amounts have been paid to other beneficiaries. You
can add KHS to your current Will through a codicil without re-writing
your entire Will.
Sample wording for bequests in your Will would be:
Specific Bequest
"I hereby give and bequeath to the Kentucky Humane Society-Animal
Protection League, a non-profit Kentucky corporation whose principle
office is located at 241 Steedly Drive, Louisville, Kentucky 40214,
Tax I.D. # 61-0463938, the sum of $_______ to be used for its general
purposes."
* For a gift other than cash, simply describe the asset(s)
** For a gift to be used for a specific purpose, delete “its
general purposes" and specify the purpose you intend.
Residuary Bequest
"I hereby give and bequeath to the Kentucky Humane Society-Animal
Protection League, a non-profit Kentucky corporation whose principle
office is located at 241 Steedly Drive, Louisville, Kentucky 40214,
Tax I.D. # 61-0463938, all the rest, residue, and remainder of my
estate, both real and personal, after providing for the specific
provisions of this Will to be used for its general purposes."
* For a gift of less than 100% of the rest, residue, and remainder
of the estate, delete "all" and state the fraction.
Real Estate
If you sell a piece of land, a vacation home, a residence, or any
type of real estate, you might realize a significant appreciation
in value, thus causing substantial taxation. By gifting that property
to a charitable organization, you can avoid tax on the long-term
capital gains you generated through the sale of the property and
could receive a charitable deduction for the full market value.
Another option regarding real estate is making a gift of your primary
or second home while retaining an exclusive life estate so that
you can continue to use it for the rest of your lives while obtaining
significant tax and estate planning benefits.
Life Insurance
There are several ways to donate to the Kentucky Humane Society
using life insurance. They can be policies that are paid in full,
partially paid, or newly purchased. KHS can be named as owner and
beneficiary for your fully paid policy. You may deduct the replacement
cost of the policy from your taxes. You can also designate KHS as
the beneficiary of the policy you already have. There is no immediate
deduction, but your estate will receive a deduction equal to the
amount of the policy when settling.
Gifts of Stock
Gifts of securities include not only publicly traded stocks but
bonds, mutual funds, treasury bills, notes, and closely held stock.
This type of gift reduces capital gains taxes you have to declare.
Contact
For more information on our planned giving programs, contact our Development department at (502) 515-3147.
Legal Disclaimer
Neither the Kentucky Humane Society nor its employees may give legal,
tax, or accounting advice. Counsel should be contacted prior to
drafting or amending any instrument.
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