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Estate Planning and Gifts of Stock

Estate Planning

Gift Planning is a great way to ensure a lasting contribution to the Longmont Humane Society, while taking advantage of favorable federal and state tax laws. A gift to LHS is a powerful statement of your support of our mission.

The most common planned gift is a bequest through your will or living trust. You can arrange a gift of a specific amount, a percentage of your estate, or even all or part of the residuary of your estate.

Puppy with hand

Did you know your gift can:

  • Reduce your income taxes including capital gain
  • Reduce transfer taxes including gift and estate
  • Create income for yourself and others
  • Help LHS find homes for thousands of pets and
  • Allow LHS to continue important community programs into the future

To create your estate plan, you will want to work with your attorney or someone who specializes in the following items.

Ways of Giving:

Bequests — leave a bequest through your will or revocable living trust. The official bequest language for Longmont Humane Society is:

"I, [name], of [city, state, ZIP], give, devise and bequeath to Longmont Humane Society [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

 

Name a Beneficiary — designate the Longmont Humane Society as beneficiary of your bank account, retirement and pension plan or insurance policy. 

Life Income Gifts — give a gift and receive a steady income during your lifetime.

bulldog sitting

Gifts of Stock

Making a gift of stock owned for more than one year can be particularly tax-wise. If you sell them, you will pay a capital gains tax on the increase in value.

However, by gifting the stock to Longmont Humane Society, you not only avoid tax on this gain, but your charitable contribution deduction is equal to the full fair market value of the stock as well.  A win for both the animals and your pocketbook!

Securities Held By Your Broker

Inform your broker that you would like to donate securities to the Longmont Humane Society. Your broker/banker can electronically transfer your donated stock to the Longmont Humane Society’s account at Schwab– DTC Number 0164 / Account Number 5070-1214*.

If you have any questions, please contact Liz Smokowski, Chief Executive Officer, at liz@longmonthumane.org or 303.772.1232 x225

* Publication of this account number does not constitute an endorsement of Schwab or of its products and services.

Information provided on our Internet site is not intended to be tax or legal advice. Consult a qualified financial advisor before making a gift.