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Geauga Humane Society's
Rescue Village
15463 Chillicothe Rd.
Russell Twp., OH 44072
440.338.4819
fax 440.338.4855

 
planned giving / wills and trusts

Planned giving is a way to include Rescue Village in your overall estate and financial plan. Depending on your giving strategy, there could be immediate or future tax benefits for you.

planned giving options

gifts of cash

wills and bequests

gifts of stock

charitable remainder trust

charitable lead trust

life insurance policy


gift of cash
Gifts of cash provide an income tax deduction for the year in which the gift was given.
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wills and bequests
Bequests can be made in a new will, or an existing will can be easily amended to include a bequest to Rescue Village. An unrestricted bequest is one that allows Rescue Village to direct your gift where it will have the greatest impact. A restricted bequest allows you to designate what you would like the gift to be used for. For more information, please call 440.338.4819 ext. 40 or email development@geaugahumane.org
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gifts of stock
Gifts of stock can be made in two ways. You can call your financial advisor and transfer shares of stock directly from your account to Rescue Village, or you can give stock certificates. You will receive a tax deduction for the full amount of the current value of the gift on the day on which the gift was given, and if the stock has appreciated significantly, you will avoid paying the capital gains taxes due if you were to sell the stock. For more information, please call 440.338.4819 ext. 40 or email development@geaugahumane.org.
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charitable remainder trust
A Charitable Remainder Trust (CRT) enables you to give a highly appreciated asset, such as stock or vacation home, to a trust for which Rescue Village is the beneficiary (or one of several beneficiaries). In the trust document, you designate what income you want to receive from the trust. The CRT sells the gifted assets and reinvests the proceeds to provide you with income as stated in the trust document. You do not pay the capital gains tax on the sale of the appreciated asset, and you receive an immediate tax deduction for your gift to the trust. As a beneficiary of the CRT, Rescue Village receives the gift, or a portion of the gift, upon the death of those indicated in the trust document.
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charitable lead trust
A Charitable Lead Trust (CLT) also allows you to gift a highly appreciated asset, such as a stock or a vacation home, to a trust for which GHS is the beneficiary, or one of the beneficiaries. With a CLT, however, the beneficiary first receives distributions for a number of years as stated in the trust agreement. At the end of the stated time period, the remainder of the trust is distributed to whoever is designated in the trust document. Because the ultimate recipients of the trust proceeds must wait a number of years before receiving the gift, the amount of the gift is calculated in a manner that could be extremely favorable to the donor. This strategy may be very effective in minimizing or eliminating the gift taxes that would be associated with an outright gift.
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life insurance
If you would like to give an insurance policy directly to Rescue Village, and would like it to qualify as a gift with the IRS, you will need to make Rescue Village the owner and the beneficiary of the policy. If the policy is paid up, your charitable tax deduction is usually the cost basis or the replacement value of the policy, whichever is less. If the policy is not paid up, the premiums that you continue to pay on the policy would also qualify for charitable deductions. This is an extremely effective way to leverage your gift to Rescue Village. Depending on your individual situation, incorporating an Irrevocable Life Insurance Trust (ILIT) into your plan may also be beneficial.

We are happy to discuss your charitable objectives with you. If you have questions, please call 440.338.4819 ext. 40 or email development@geaugahumane.org.
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