Support Fuzzy Friends Rescue
with a Charitable Remainder Trust
A Charitable Remainder Trust (CRT) allows you to provide meaningful support to Fuzzy Friends Rescue while also achieving your financial and philanthropic goals. By establishing a CRT, you or your beneficiaries can receive income for life or a specified number of years, with the remaining trust assets benefitting our mission to save and care for animals.
Benefits of donating through a CRT:
• Turn Appreciated Assets into Purpose:
By transferring assets like stock or real estate into a CRT, you not only generate income but also avoid immediate capital gains taxes. This lets you use your wealth in a powerful, transformative way that supports a cause you care about while preserving your assets’ full potential.
• Create a Flexible, Stable Income:
With CRTs, you can choose a payment structure that fits your financial priorities – whether it’s steady, fixed payments for predictable budgeting or an annual recalculated percentage that adapts to the trust’s performance. This flexibility allows you to meet your evolving needs, making your generosity a sustainable part of your financial planning.
• Gain Immediate and Long-Term Tax Benefits:
A CRT offers tax advantages when you create it, with a charitable income tax deduction based on the estimated remainder gift. Additionally, the assets remaining in the CRT won’t be subject to estate taxes, which means a greater portion of your estate benefits the animals at Fuzzy Friends Rescue.
• Build a Lasting Legacy of Compassion:
When the CRT term ends, the remaining assets are directed to Fuzzy Friends Rescue, creating a powerful legacy that provides for the care, rehabilitation, and rehoming of animals. Your gift not only leaves a positive mark on the lives of countless animals but also inspires others to contribute to our mission.
To give an example of how all this might work, imagine Jane has stock that’s grown significantly in value over the years, now worth $200,000. She wants to use it to create income for herself, avoid paying capital gains taxes, and make a meaningful gift to Fuzzy Friends Rescue. By setting up a Charitable Remainder Trust (CRT), Jane can transfer her stock into the trust, where it’s sold without triggering capital gains taxes. This means the full value of her asset is preserved and reinvested to generate income.
Each year, Jane receives payments from the CRT. She chooses a percentage, such as 5% of the trusts annual value, which provides her with a steady income and the potential for it to grow if the trusts assets appreciate. Additionally, she receives an immediate charitable tax deduction based on the amount that Fuzzy Friends Rescue will eventually receive. This deduction can reduce her taxable income in the year she creates the CRT.
Over time, the trust continues to provide Jane with income, and when the trust’s term ends – whether at the end of her life or after a specified number of years – the remaining balance is given to Fuzzy Friends Rescue.