Since 2002, FEBS has operated its sanctuary and worked to provide a safe and natural habitat for 700+ parrots. Today, committed individuals who are passionate about our commitment to sanctuary life reimagined, may make a caring decision to ensure the future of FEBS. This page highlights some of these creative planning choices that allow you to save on tax dollars while supporting our sanctuary.
Understanding Planned Giving
With maturity and wisdom often comes an interest in ensuring that the causes we care about, as well as the values that have played important roles in our own lives, are protected both now and in the future.
With strategic planning, you may find a planned giving vehicle that lets you address your own financial concerns and challenges while also allowing you to create a legacy that will extend the benefits of your generosity far into the future and on a much broader scale.
Planned giving involves providing for a future gift to charities through your financial and estate plans. FEBS welcomes gifts made through different planned giving arrangements. These arrangements can:
• Provide for you or your loved ones
• Entitle you to charitable income and/or gift or estate tax deductions
• Enable you to leave a legacy for FEBS
Please note that planned giving is general in nature and may not apply to all individuals. Prospective donors are advised to consult their own tax and financial advisors concerning the specific consequences of making gifts to FEBS.
So Where Do You Begin? With all the options available, which is the best one for you? Since the various gift plans offer tremendous benefits for you, the donor, you should base your strategy on your individual situation, just as you have done with all your financial planning. Below are some ways to begin.
Ways to Give
BEQUESTS AND ESTATE PLAN GIFTS
You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming FEBS as a beneficiary of a retirement plan or life insurance policy. The amount left to the sanctuary (or any charity) can be expressed as a dollar amount or as a percentage of the assets to be given. Choosing the right planned gift depends on your personal circumstances and financial goals.
LIFE INCOME GIFTS
A life income gift allows you to give assets to FEBS while providing yourself or others with income for a period of time before FEBS is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to FEBS or a trustee. The sanctuary or trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries' lives or, in some cases, for a term of up to 20 years.
Charitable Gift Annuities
In exchange for an outright gift, FEBS agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.
Charitable Remainder Unitrusts
You establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a term of years. At the end of the term, the remainder of the trust assets go to FEBS for the purposes you designate.
Charitable Remainder Annuity Trusts
Your gift goes into an investment pool that functions like a mutual fund. Investment returns are paid to you and/or other beneficiaries for life, after which your gift is withdrawn and used to support your designated purpose at FEBS.
Other Types of Gifts
Charitable Lead Trusts
A charitable lead trust makes an annual payment to FEBS for a period of years, and at the end of the term, the remaining assets go to your children or other beneficiary.
Donor Advised Funds
A donor advised fund allows you to make a tax-deductible gift to FEBS to establish a fund today, and later advise the sanctuary on how you would like the gift used. At least half of the gift must be designated to FEBS, and the rest may support other charities.