• Pumpkin Zoey
  • Chianti
  • Mouse
  • Sylvia
  • JellyBean

Points to Remember

The SPCA invites you to make a difference. Below are a few helpful things to remember.

  • When making a planned gift, it’s important to use the full legal name of the organization, The SPCA of Anne Arundel County.
  • The most beneficial planned gift is an unrestricted gift, which allows the SPCA to use your gift as needed.
  • You may add restrictions to your planned gift, directing what program it may be used for.
  • We are happy to provide you with a list of SPCA programs in need of funding.

What is Planned Giving?

Planned Giving is a mutually beneficial alternative to the outright giving of cash or other property. It allows SPCA supporters make a difference well into the future while providing substantial tax and financial advantages to the donor.

Many people assume they have to be wealthy to make a significant impact on a charitable organization. To the contrary, planned Giving creates opportunities for anyone who wants to make a difference.

It is important for you to make an appointment with an attorney or financial advisor. He or she can help answer any questions you may have as well as help develop a plan tailored to you.

 

Estate Gifts

Bequests allow you to keep control of your assets during your lifetime and benefits the SPCA in the manner you intend when you are gone. Bequests can be easily modified if your circumstances change.

How it works:

  1. Add the SPCA as a beneficiary in your will or trust
  2. The will or trust will direct assets to your heirs and a bequest to the SPCA as you specif

Gifts of Retirement Assets are a great way to relieve you of the responsibility of paying income and estate tax on the residual left in your retirement account just by naming the SPCA as beneficiary of your IRA, 401(k), etc. You can still make withdraws from your account if necessary.

How it works:

  1. You name the SPCA as the beneficiary of your retirement account
  2. When you die, any residual left if your plan is transferred directly to the SPCA, tax-free.

Gifts of Life Insurance are made by transferring ownership of a fully paid policy and give you an immediate tax deduction for the cash surrender value of the policy.

How it works:

  1. You transfer ownership of a fully paid insurance policy to the SPCA
  2. The SPCA elects to cash in the policy now or keep it and receive the death benefit later

Outright Gifts

Appreciated Securities allow you to receive an immediate tax break for the fair market value of the securities on the date of the transfer. You pay no capital gains tax on the donated securities.

How it works:

  1. You transfer your securities to the SPCA
  2. The SPCA sells your securities and uses the proceeds to help the homeless animals

Gifts of Real Estate will give you a tax deduction based on the fair market value of the property with no capital gains liability.

How it works:

  1. You transfer your real estate to The SPCA.
  2. The SPCA sells the property and uses the proceeds to help the homeless animals

Gifts of Valuable Personal Property such as cars, boats, etc., will result in an tax deduction dependent on the amount for which the vehicle is sold.

How it works:

  1. The vehicle will be sold at auction
  2. You will receive a tax letter reflecting the appropriate deduction amount