The American Wild Horse Campaign is a registered 501(c) (3) charitable organization dedicated to preserving and protecting America's wild horses and burros in free-roaming herds and safeguarding their habitat through public awareness and educational programs, coalitions and strategic partnership building. Donations to the American Wild Horse Campaign are tax-deductible.
Stay involved by designating your estate to defend wild horses and burros in perpetuity.
Planned gifts enable the American Wild Horse Campaign to implement the best programs to save wild horses and burros through legislation, litigation and advocacy. U.S. tax laws are structured to encourage charitable giving, and unlimited amounts can generally be donated to charitable purposes free of estate and gift taxes. Your estate plan represents your beliefs, and a way to continue your life passion into the future. There are many giving options as to how you can make wild horses and burros a part of your legacy:
We strongly suggest that you consult with your attorney or other independent professional advisor to ensure that your plans are in compliance with all applicable laws.
Probably the most well-known estate-planning tool is the Last Will and Testament. Whether standing alone or as part of a multifaceted estate plan, a will is a convenient and often simple and straightforward way to distribute assets to those you love. It is also a powerful way to help wild horses and burros:
The following language can generally be used to make a bequest to the American Wild Horse Campaign: “I give, devise, and bequeath to the American Wild Horse Campaign, federal tax identification number 47-4016989, with the permanent address of P.O. Box 1733, Davis, CA 95617, the sum of $_______ [or describe the real or personal property or percentage of your estate] to be used for its general purposes.”
A living trust is very similar to a will. Like a will, a living trust is revocable and contains instructions for who should handle your estate’s final affairs and who should receive your assets. A living trust can be used in conjunction with a will to help facilitate the management and distribution of your assets.
However, unlike a will, a living trust does not go through the probate process. Therefore, a living trust can provide a greater degree of privacy than a will, which once in probate becomes a public document. Also, unlike a will, a living trust goes into effect immediately, not after you pass away, and can thereby help you control your assets if you should become incapacitated.
Charitable remainder trusts make annual payments based on a payout percentage that you select (which must be at least 5 percent) to the named income beneficiaries. When the trust terminates, the assets that remain go directly to the American Wild Horse Campaign as your named charity.
The benefits of a charitable remainder trust are:
A charitable gift annuity is a simple agreement between you as the donor and the American Wild Horse Campaign. In exchange for your gift of $10,000.00 or more, the American Wild Horse Campaign will pay you and/or another person or persons (no more than two for any one annuity) fixed payments each year for life. These fixed annual payments, known as annuity payments, are based on the age of the payment recipient, known as the annuitant, at the time of the gift. The benefits of establishing a gift annuity are many:
Financial accounts such as checking accounts, savings accounts, and certificates of deposit can be designated as “payable on death” (POD) to the American Wild Horse Campaign, meaning that you, as the owner of the account, name the American Wild Horse Campaign to receive the funds upon your passing. This type of arrangement is also sometimes referred to as a “Totten Trust” or a “Savings Account Trust.” Additionally, most states allow stocks, bonds, mutual funds, and other securities to be designated as “transfer on death” (TOD). Advantage of financial accounts:
Life insurance can be an easy and flexible way to make an important gift to the American Wild Horse Campaign. Whether it is an old policy that has outlived its original purpose (such as for a spouse who no longer needs it, a child who is financially independent, or to protect a business that no longer exists) or a new policy purchased specifically to benefit the American Wild Horse Campaign, a gift of life insurance can allow you to leave a much larger gift to horses than may have been possible during your lifetime.
The simplest way is by making the American Wild Horse Campaign a beneficiary of an already existing life insurance policy. Upon your passing, the full face value amount of the policy will go to the American Wild Horse Campaign. Although the proceeds from the policy will be included in your gross estate, the full amount received by the American Wild Horse Campaign may be deductible as a charitable deduction.
To make the American Wild Horse Campaign a beneficiary of an already existing life insurance policy, you can simply request a beneficiary designation form from your employer or insurance company.
Qualified retirement plans such as Individual Retirement Accounts (IRAs), 401(k) plans, 403(b) plans, and Keogh plans have become an increasingly popular way to save money for retirement. Typically these plans offer tax savings at the time the funds are contributed and then the funds build tax-deferred until they are withdrawn.
Many people choose to designate their loved ones as beneficiaries of retirement plan assets. However, by doing so, your loved ones may see only a small fraction of the gift. This is because your retirement assets may be subject to several types of taxes, including federal and possibly state estate taxes, as well as income taxes, which could conceivably consume 70 percent or more of the value of retirement assets left to your loved ones.
You can avoid this heavy taxation by making the American Wild Horse Campaign a beneficiary of your retirement plan assets and using other less-taxed assets to provide for your loved ones. Naming the American Wild Horse Campaign as the beneficiary of a retirement account means that the American Wild Horse Campaign will receive 100 percent of your retirement plan proceeds free of all taxes. Although the proceeds will be included in your gross estate, they will be completely deductible as a charitable gift. And because the American Wild Horse Campaign is exempt from income taxes, there will be no income-tax liability.
The procedure for naming the American Wild Horse Campaign as a beneficiary of your retirement plan is quite simple. The administrator of your plan can provide you with a beneficiary change form.