How to Help

Bequests – Planned Giving – Estate Giving

Help Stray Dogs & Cats Now and Into the Future.

It is essential to let your attorney, accountant, and/or estate planner know now that you wish to continue to support Bobbi & the Strays by way of a bequest.

BEQUESTS
With a bequest to Bobbi and the Strays, it is easy to continue your commitment to helping dogs and cats — and to benefit your heirs as well.
By including in your will a bequest of cash or property to Bobbi and the Strays, you can ensure that your wishes will be carried out as you specify. You can also take pride in knowing that your gift will help many cats and dogs find loving homes.

Your bequest can take the form of a cash gift, real estate, life insurance, securities, and/or other property. Often the tax advantages are such that the gift has little impact on the estate that your heirs will receive.

A bequest in your will can be for a specified sum or a percentage of the estate.

An unrestricted bequest is the simplest and most common form of testamentary gift to Bobbi and the Strays. It is also the most useful because property bequeathed can be used at the discretion of Bobbi and the Strays for the organization’s most important needs, which may change from time to time.

You can also specify in your will how you would like your bequest to be used and direct that the gift be named in your memory and/or in honor of/to others whom you select.

ENDOWMENT FUNDS
Create a profound impact in areas and programs of interest to you.
Endowment Funds enable donors and their families to identify specific areas and programs of interest to them, areas in which they can create a profound impact for a term of years or in perpetuity.

Your contribution, whether made during your lifetime or through your will, can be designated for a particular purpose or program.

A “perpetual endowment fund” may be established, with its income available to carry out the program you designate. In recognition of your concern and support, this fund will bear your name or the name of your family.

TANGIBLE PERSONAL PROPERTY
Contributing tangible personal property can generate significant tax and economic benefits. One of the wisest financial and tax planning decisions may be to contribute gifts of tangible personal property such as works of art, collectibles, jewelry, gemstones, or other valuables.

There are tax rules that may restrict the amount of the deduction in certain circumstances. If Bobbi and the Strays can make use of the donated property for its exempt purposes (e.g., apply the property to its specific programs to ensure for the treatment and care for dogs and cats), then the amount of your charitable deduction will be for the property’s full fair market value. If the use of the property is unrelated to Bobbi and the Strays exempt purposes or functions, the amount of your charitable deduction is limited to the original cost of the property.

Tangible personal property can generate significant tax and economic benefits for an individual if contributed to a charitable remainder trust under Bobbi and the Strays Planned Giving Program.

LIFE INSURANCE
A donated policy may reduce taxes at a relatively low cost to you.
The full cash value of a life insurance policy, when transferred to Bobbi and the Strays, is a charitable gift which is deductible for income tax purposes by the donor in the year it is contributed. Where premiums remain to be paid periodically on the policy, the donor may make a tax-deductible contribution to Bobbi and the Strays which may thereafter use its funds to pay the premium on the policy it then owns.

You can transfer to Bobbi and the Strays an existing life insurance policy which you own. Bobbi and the Strays would then become the owner and beneficiary of the insurance. You are able to deduct the cash value of the policy as a charitable contribution for income tax purposes. In addition, the proceeds of such policies are excluded from the estate for estate tax purposes and used as a charitable contribution by Bobbi and the Strays.

For more information on Planned giving – please call (718) 326-6070, (516) 378-4340 or email donate@bobbicares.org.

Become a Volunteer

There are so many ways that someone can volunteer to help Bobbi and the Strays. Any way that you are able to help would be greatly appreciated.

Apply Now!