Gifts Beyond a Lifetime

A gift to Cat Care Society will help ensure that the goal of improving the quality of life for cats will continue. Your gift can be many different types.

• Gifts by Will
• Trusts
• Other
  • Life Insurance
  • Retirement Accounts
  • Memorial Gift
• Disclaimer

Gifts by Will

A will allows you to specify how you want your assets dispersed.  There are four main ways to designate a gift in your will.

1. SPECIFIC GIFT, in which you designate a dollar amount or an asset.
   Example: "I give cash or assets or $_________dollars as a Specific Devise to Cat Care Society, a charitable Colorado nonprofit corporation, or its successor, or if none a duly qualified charitable organization of similar purpose."

2. RESIDUARY GIFT, in which all of an estate owner's property after all debts, taxes, expenses, and all other gifts have been paid is given to charity. 
   Example: "I give the remainder of the residuary estate I own at my death to Cat Care Society, a charitable Colorado nonprofit corporation, or its successor, or if none a duly qualified charitable organization of similar purpose."

3. CONTINGENT GIFTS, which, in anticipation of an unexpected occurrence, the property will pass to Cat Care Society rather than going to unintended beneficiaries.
   Example: "If _____________(insert name)is not living on the _________(insert number) day after my death, I give all the rest of the property I own at my death to Cat Care Society, a charitable Colorado nonprofit corporation, or its successor, or if none a duly qualified charitable organization of similar purpose."

4. RESTRICTED GIFT, which you define how your gift is to be used.  It is best to try to make the terms broad enough but still consistent with your wishes, so that the possibility of your terms doesn't become obsolete.
   Example:  " I give $_______Dollars to Cat Care Society, a charitable Colorado nonprofit corporation, or its successor, or if none a duly qualified charitable organization of similar purpose, for the benefit of the _____________Program to be used for ___________(define purpose)."

Trusts

These are the most common of the different types of trusts that can be set up.

1. CHARITABLE REMAINDER TRUSTS
   Through a trust, you transfer assets irrevocably to a trust, then define how trust income and principal are to be distributed. The trust can be set up to be dispersed during your life or upon your death.  The income may be distributed to anyone; the principal must be distributed to charitable beneficiaries.  Usually the income is not distributed, but if it is, it is distributed to the donor or donor's heirs.

2. UNITRUST, which provides a fluctuating income to Cat Care Society, depending upon the value of the assets in the trust.  You determine the percentage of payout.  Unitrusts are usually funded with cash or with long-term, highly appreciated capital gain securities or real estate.  Additional payments to the trust can be made.

3. ANNUITY TRUST, which is similar to the Unitrust except that the payment to Cat Care Society is a fixed amount.  Additional contributions cannot be made.

4. POOLED INCOME FUND, which allows irrevocable gifts from several donors to be commingled for investment purposes.  The net income is then distributed to the named beneficiaries each year.  upon termination of the income interest (the death of the beneficiary) the portion owned by the deceased will be distributed to Cat Care Society.
   

Other

LIFE INSURANCE
One of the most convenient ways to give a gift to Cat Care Society is by naming the Society as the beneficiary.

RETIREMENT ACCOUNTS
Whether through your I.R.A. or company pension plan, you can name Cat Care Society as recipient of all or part of the funds.

MEMORIAL GIVING
A wonderful way to give to Cat Care Society is a memorial gift as a tribute to a loved one (human or animal).  Al memorials are published in our quarterly newsletter.

Disclaimer

Please contact Cat Care Society or our attorney for further information (Glenn W. Hagen, 1775 Sherman St. Suite 2550, Denver, CO 80203. Phone (303) 839-9600)).