Make a gift in your will or estate plan and leave a legacy of support
Planned gifts are gifts that anyone can make that may benefit you, your family, and the National Alpaca Foundation today or in the future.
It takes all of us to ensure a sustainable alpaca industry.
What will your legacy be?
Ways To Give
Bequests – Gifts from Your Will or Estate
Charitable bequests are made through a will, a legal document that specifies how an individual’s property is to be distributed after death. A bequest made through either a will or a revocable trust can provide tax benefits to the donor and their heirs as well as providing needed resources for NAF.
Gifts of Life Insurance
Individuals can also make a gift of life insurance by making the National Alpaca Foundation the irrevocable owner and beneficiary of a life insurance policy that has cash value and is no longer needed. Individual donors, in many cases, may claim a charitable deduction when gifting a life insurance policy with cash value. You should contact your tax advisor or a professional appraiser to determine the deduction amount.
Beneficiary Designation Gift
A Beneficiary Designation Gift is an easy way to make a planned gift. You can designate us as a beneficiary of a retirement, investment, bank account, or current life insurance policy.
As with gifts in your will, you can designate all or a percentage of the funds in your account, and you can name National Alpaca Foundation as a primary beneficiary or a second-in-line beneficiary.
When you include a gift in your will or trust, or through a beneficiary designation, please be sure to include our legal designation and tax ID number:
ID: 922776859
Qualified Charitable Distributions (QCD)
QCDs make it easier to use IRA assets, during lifetime, to make charitable gifts to the National Alpaca Foundation. The QCD’s allows individuals age 70 and a half and older to make direct transfers of up to $105,000 per year (and up to $210,000 per year for married couples) from individual retirement accounts to qualified charities without having to count the transfers as income for federal tax purposes. So, these are “tax-wise” gifts for donors who must take an annual required minimum distribution from their IRAs.
Gifts of Stock and Appreciated Securities
Gifting stock can often be more beneficial to individuals than gifts of cash. You can use appreciated stocks, bonds, and/or mutual fund shares that you have held long-term to make a donation to the National Alpaca Foundation instead of cash. These gifts frequently help individuals avoid the tax liability on the appreciated value of the stocks, bonds, or securities.
Donor Advised Funds
Many donors today are using Donor Advised Funds to optimize their tax situation while still supporting their favorite charities. These funds are set up with large financial institutions or community foundations who act as the charitable sponsor. Donors who direct gifts from these types of funds have a few options for the disbursement of any remaining funds upon their passing. One option is to designate the remaining balance, or a portion of the remaining balance, of the fund to support the National Alpaca Foundation.
Start Your Qualified Charitable Distribution through Your Financial Advisor or Bank!
Provisions of the QCD:
Distributions must be made directly to a qualified charity by the plan administrator of an IRA. Retirement assets in 401(k), 403(b), SEP, or SIMPLE plans do not qualify but may be rolled into a new or existing IRA and transferred to the charity.
Distributions may only be made to 501(c)(3) tax exempt organizations and cannot be made to donor advised funds, private foundations, or supporting organizations.
Distributions may not be used to fund life-income gifts such as charitable gift annuities, charitable remainder trusts, or pooled income funds.
Charitable Trust:
A charitable trust is another way to make your legacy live on for generations to come. Setting up a charitable trust can also have many tax incentives and financial benefits for those who want to set aside any high-value assets they don’t need to support themselves in retirement. By moving these assets into a charitable trust, you can avoid paying capital gains on real estate or stocks when they’re sold at a higher present value. There are two primary types of charitable trusts: charitable lead trusts and charitable remainder trusts. These trust types mirror each other but serve different needs.
Charitable Lead Trust: This trust type first distributes a portion of its proceeds to a charity, for which you’ll receive a charitable donation tax deduction equal to those payments. The remainder of the principal is then distributed to your beneficiaries.
Charitable Remainder Trust: With this trust type, you choose to receive an income from the distribution of the non-income-producing assets you placed into the trust first. You’ll also receive a charitable donation tax deduction based on the present value of the remainder of the assets earmarked for the charity. At the end of the term or upon your death, your chosen charity receives the rest of the assets.
Please contact Robin Gifford, National Alpaca Foundation, at robin@nationalalpacafoundation.org or 402.437.8484 for more information on how we can help you begin supporting the National Alpaca Foundation.
The information provided on this website is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other document.