Other Ways to Give
With your support, we will move Animal Defense Partnership forward and continue our commitment of providing free, quality legal resources to nonprofits that advocate for animals; support plant-based eating and diet change; and run sanctuaries and rescues--for as long as the need exists.
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.
If you choose to name Animal Defense Partnership as a beneficiary, please use the following legal name and tax identification to identify ADP:
Animal Defense Partnership
923 Saw Mill River Road - #242
Ardsley, New York 10502
Tax ID: 81-3109559
Please contact ADP board chair Judith Turkel if you wish to make one of these gifts to ADP.
Planned Giving
By preparing your will or revocable trust now, you can enjoy peace of mind knowing that you have taken care of the people you love and the causes that are important to you. Providing for the future of animal nonprofits that need your help takes just a simple provision in your will or revocable trust. It is a flexible plan: Give a set dollar amount or a specific asset such as land or stock; donate a percentage of your estate; or donate the remainder of your estate.
Another way you can make a difference for the animals is by designating ADP as a beneficiary of your financial account(s). These can include:
- Retirement, IRA, 401(k) or 403(b) accounts
- Brokerage accounts
- CDs
- Money market, savings, checking or other accounts that allow transfer on death (TOD) or payment on death (POD) designations
Benefits of planned giving:
- If your circumstances change in the coming years, you can amend your planned gift at any time.
- Typically, retirement plan balances are subject to both income and estate taxes. Because ADP is a nonprofit organization, we won't pay income tax on the distribution nor will the gift be subject to estate tax.
Donor-Advised Funds
A Donor Advised Fund (DAF) is a simple way to manage your charitable giving and help animals by recommending gifts to ADP. DAFs can be established at many financial institutions or community foundations. Generally speaking, contributions and/or grants from a donor's DAF can be made to one or more charitable organizations. You can also choose to have any remaining DAF funds distributed to ADP after your lifetime by naming ADP as a beneficiary of all or a portion of remaining funds.
Benefits of a DAF:
- An immediate federal tax deduction generally available in the year that contributions to the DAF are made in accordance with applicable law.
- The flexibility of having one source to coordinate charitable giving, without many of the costs and administrative obligations of a private foundation.
Gift of Stock or Securities
If you have owned a corporate or mutual fund stock for at least 12 months, and it's appreciated in value, you can donate the stock to ADP, a 501(c)(3) charitable organization, and deduct its full market value without paying any tax on the long-term capital gain.
Benefits of stock or securities gifts:
- If you transfer stock before December 31, you can claim the tax deduction on your tax return! You should always check with your own tax advisor before making a gift of stock or securities.
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is a life-income arrangement that provides you and/or other beneficiaries with a stream of income for life or for a period of years. After the trust terminates, the principal, or "remainder interest," goes to ADP. Unlike other life-income arrangements, CRTs are separately invested and managed trusts. This is the most flexible of life-income plans, and a powerful way for you to benefit along with your heirs and ADP. Some versions of CRTs can be funded with closely held stock, partnership interests, real estate, and in some instances, tangible personal property. You can choose to receive a variable or fixed income for life or a term of years. There is no limitation on the number of beneficiaries of a CRT.
Benefits of a CRT:
- When appreciated assets are donated to the trust, they can be sold without incurring capital gains tax, allowing the entire proceeds from the sale to be reinvested.
- You can receive a charitable income tax deduction in the year the gift is made, with an additional five years to carry over any unused deduction.
- You can add to certain types of CRTs at any time.
- Through reinvestment within the trust, you can achieve diversification of a previously concentrated asset.
- Any assets that you contribute to a CRT are immediately removed from your estate, reducing your estate tax exposure.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as ADP without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at ADP. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Benefits of a QCD:
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn't count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.