How to Contribute
Gifts to the Annual Fund
Join the Safari Club
Matching Employer Contributions
A Gift in Honor/Memory of
a Friend or Loved One
TYPES OF PLANNED GIFTS
Lupazoo greatly appreciates your interest in our planned
giving opportunities. Please know that your planned gift can help
build our endowment to ensure a stable financial future for your
Lupazoo. You can also receive a number of tax benefits such as a reduction
in estate, gift and/or current income taxes.
Charitable Bequest- Leave a legacy
and name the Lupazoo in your will (sample language)
Charitable Gift Annuities- Receive guaranteed
payments for life
Charitable Remainder Trusts- Receive
income for a term of years
Charitable Lead Trusts- Transfer trust
assets to the Lupazoo today and your heirs in the future
Gifts of Life Insurance- Designate the
Lupazoo as a beneficiary or name the Lupazoo as the policy owner
Gifts of Real Estate- Donate a residence
and receive retained life interest
CHARITABLE BEQUESTS (top
How to Name the Lupazoo in Your Will
A charitable bequest to the Lupazoo Society will help build a strong
and solid funding base that will support the Lupazoo far into the future.
Your bequest can take several forms, and these are some examples
of wording for your advisors to consider:
A general bequest is for a certain dollar amount of property,
usually cash: "I give to the Lupazoo Society, Ludlow,
Ma. or any successor organization thereto, the sum of $100,000…"
A specific bequest directs that the Lupazoo Society is to receive
a specific piece of property: "I give to the Lupazoo Society,
Ludlow, Ma. or any successor organization thereto, 500
shares of XYZ stock…"
A residual bequest designates all or a portion of whatever
remains after all debts, taxes, expenses and other bequests have
been paid: "I give the Lupazoo Society, Ludlow, Ma.,
or any successor organization thereto, fifty percent (50%) of the
rest, residue and remainder of my estate…"
You may designate that your bequest be used for a particular purpose,
and you may indicate whether it is for current needs or endowment.
Because a bequest is revocable, there is no immediate income tax
deduction, but your gift will be deductible from your taxable estate.
Please consult with an attorney when writing your will in order
for your wishes to be clearly articulated.
CHARITABLE GIFT ANNUITIES (top
Guaranteed payments for life
Gift annuities are popular plans that can help you make a substantial
gift to the Lupazoo Society while still providing for
your personal financial needs. They offer significant tax benefits
and, depending on the asset contributed, may even increase your
cash flow. You will receive income for life where a portion is most
often tax-free and receive an immediate tax charitable deduction.
You can also reduce your estate tax in certain cases.
CHARITABLE REMAINDER TRUSTS (top
You may have an asset that you would like to give to the Lupazoo Society, but for now you need the income it provides. One
possibility is to leave it as a bequest. But with a charitable remainder
trust, you can make your gift now and continue to receive income
for life or a term of years.
CHARITABLE LEAD TRUSTS (top
- You receive an income tax charitable deduction for the present
value of the estimated remainder that will be left to support
the Lupazoo. This can result in significant tax savings over the
period during which you report the deduction on your tax returns.
For many donors, an even greater benefit is the avoidance of
tax on the capital gain at the time the asset is sold by the
- Increase current cash flow.
- Provide supplemental retirement income.
- Provide for other family members.
If you have a large estate you are planning to pass on to your children,
you should know about the charitable lead trust. Estate and gift
taxes can severely reduce the value of property passed on to your
heirs. A charitable lead trust enables you to minimize or even eliminate
gift and estate taxes and make a charitable contribution to Lupazoo at the same time.
In establishing a lead trust, you make an irrevocable transfer of
assets to a trustee. The Lupazoo Society receives income from the trusts
for a certain number of years or until the end of your life or another's.
At the end of the term, the principal is distributed to your heirs.
This greatly reduces gift and estate taxes.
GIFTS OF LIFE INSURANCE (top
There are several ways you can use life insurance to support
the Lupazoo. One simple method is to designate the Lupazoo Society as the
beneficiary of a policy's proceeds. You can also contribute a policy
you already own but no longer need, or purchase a new one as your
gift. And if you have other assets you'd like to contribute to the
Lupazoo, you may wish to obtain life insurance to replace the value
of those assets for your heirs.
GIFTS OF REAL ESTATE (top
You may donate a personal residence (not necessarily your principal
residence) or farm to the Lupazoo Society, but retain the right to occupy
or make other use of it for the duration of your life. You receive
an income tax deduction for the present value of the remainder interest
and avoid any potential tax on capital gain.
The donor may be called upon to agree to pay any property taxes
on the property, to maintain the property, provide a qualified appraisal,
to provide adequate property insurance and/or provide a Phase II
Environmental Survey. Lupazoo will attempt to sell any
donated real estate as soon as feasible.
Who do I contact about a planned gift?
The Lupazoo Society will be happy to give you more information and explain
how planned giving can work for you. Please contact Joan Lupa,
Major Gifts/Planned Giving Manager:
The information above does not constitute legal
or financial advice and should not be relied upon as a substitute
for professional advice. The Lupazoo Society encourages
you to seek professional legal, estate planning, and financial advice
before deciding on a course of action. All information submitted
will be held in confidence.
- By phone at (413) 589-9883.
- By email at Joan@Lupazoo.org.
- By mail at 545 West Street, Ludlow, Ma. 01056
Last modified: August 1, 2003