Estate and planned gifts propel our progress and allow us to continue providing progressive, life-saving programs that meet current and emerging needs of vulnerable dogs & cats throughout New Mexico. Please keep our vision alive by making an estate gift for the future benefit of pets in need.
Naming Animal Humane New Mexico in Your Will
Some of the largest charitable gifts Animal Humane receives come from estate gifts,
There are many ways you may structure your gift to Animal Humane:
- A stated dollar amount or percentage of your estate
- A gift of securities (stocks, bonds, or mutual funds)
- A gift of property, such as real estate, collections, art, jewelry, or car
- A share of your residual estate after providing for your heirs and paying debts
- The remainder or a share of a living trust or charitable remainder trust
You may also make gifts outside your Will (see below).
Our legal name & address:
Animal Humane Association of New Mexico, Inc.
615 Virginia St. SE
Albuquerque, New Mexico 87108-4297
501(c)(3) EIN#: 85-0207652
For more information please email [email protected]
What is Planned Giving?
The term “planned giving” refers to a charitable gift that requires some pre-planning. When a donor leaves assets to Animal Humane in his or her Will, the estate receives a charitable tax deduction.
Types of Planned Gifts
Revocable Living Trust: These trusts are created during the donor’s lifetime and may be changed or revoked at any time. Upon death, ownership of assets is determined immediately as set forth in the trust document. Trust property may forego the probate process—compared to property distributed through a will, which requires probate—ensuring that your charitable wishes are carried out in a timely and cost-effective manner. A gift of this nature may also lower estate taxes.
Charitable Remainder Trust: This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to Animal Humane. Provisions may be included that allows income to be redirected back to you, and you may claim a tax deduction as well as not pay capital gains tax if the gift is of appreciated property. At the end of the trust term, Animal Humane receives the remaining funds in the trust. Charitable remainder unitrusts provide flexibility in income distribution, and thus can be helpful with retirement planning.
Charitable Lead Trust: This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to Animal Humane during its term. At the end of the term, the remaining assets can revert back to the donor (a grantor lead trust) or to heirs named by the donor (a non-grantor lead trust.) The donor may claim a charitable tax deduction for funding a grantor or non-grantor lead trust. Since lead trusts are typically used to pass assets to heirs, non-grantor lead trusts are far more common. In this case, assets forego estate taxes at your passing, given that they have been removed from your taxable and probate estate.
Retained Life Estate: A donor may make a gift of his or her personal residence, farm or vacation property to Animal Humane and retain the right to live there for the remainder of his or her life. The donor receives an immediate income tax deduction for the gift. At the donor’s death, Animal Humane may use or sell the property.
Real Estate: Appreciated real estate may allow a donor to avoid sizeable capital gains taxes. Depending on the appreciation, the tax savings may exceed the original cost of the property. Conversely, if real estate values have decreased over time, donors will benefit more by: 1. selling their depreciated property; 2. taking a capital loss; and, 3. receiving a charitable deduction for their cash gift.
Gifts Outside Your WIll
You do not have to make or change a Will to benefit Animal Humane at the time of your death. Virtually any account that allows you to designate a death beneficiary may be gifted to Animal Humane.
Life Insurance: You may name Animal Humane New Mexico as your beneficiary, co-beneficiary, or contingent beneficiary, of your insurance policies.
Financial Accounts: Most financial accounts may be made Payable on Death (POD) to a named beneficiary, including a nonprofit organization.
Retirement Savings: IRAs, pensions, 401K plans, and other retirement savings arrangements provide for death beneficiaries, including a nonprofit organization.
Revocable Living Trusts: Property placed in such a trust may be transferred to Animal Humane quickly given that these processions are not subject to the probate process.
Property Deeds and Automobiles: Consider naming Animal Humane as the Transfer on Death (TOD) beneficiary of your titles and deeds.
Planning For Your Pet's Future
Animal Humane offers two tailored bequest options for pet owners wishing to secure the future of their companion cats and dogs. These unique programs allow us to re-home your beloved pets or care for them for the remainder of their lives. Animal Humane requests minimum estate contributions of $15,000 per pet for the following care plans.
Foster2Home places dogs and cats in loving homes where caring pet parents provide loving care with the intention of keeping your pet permanently. Unlike our short-term Foster Care program where foster pets return to our shelter for adoption placement, F2H pets are carefully matched with their new, pre-screened pet parents for the greatest chance of a permanent commitment.
In the case where your pet is deemed to be in the final stages of their life — but is not suffering to the point where humane euthanasia should be considered, they will be placed in our Fospice program. Here, your companion will live with a devoted individual who is committed to caring for your pet for the remainder of their life. Any necessary medical attention would be expertly delivered by our Clinic Team. When the quality of your pet’s health declines to the point where euthanasia will relieve their suffering, our Clinic Team will compassionately carry out this procedure. Afterwards, your beloved pet will be cremated and their remains scattered in our Memorial Bequest Garden.
Consult Your Financial Advisor
Your financial situation is unique. We strongly recommend that you consult your tax attorney, accountant, or financial advisor to help you include Animal Humane in your estate or trust planning. If you or your advisor have any questions, please email [email protected]