Thank you for considering Dominion Equine Welfare as part of your charitable giving plans. Whether it is an outright gift or part of your estate planning, we are truly appreciative for your generosity, trust and belief in the work we do. Your gift will help create a legacy that reflects your compassion and concern for the protection and welfare of Virginia’s equines.
There are a variety of ways to support us, while still providing for your loved ones in the future. Many of these options may also provide tax benefits to you and your family.
One of the most common misconceptions around estate planning is that it is something that only the wealthy do. Nothing could be further from the truth...no charitable gift is too small. Taking action now allows you to make a contribution to the future while performing a meaningful act of charity in your lifetime.
Here are a few Planned Giving options:
Bequests/Wills : When you decide to leave assets to Dominion Equine Welfare in your Will, you are making a Bequest. Your estate will qualify for a Federal charitable estate tax deduction. Your estate may also be exempt from state estate taxes. Generally, you can bequeath a specific amount of money in your Will, or the remainder of, or a percentage of the remainder of your estate, after other obligations are met.
Making a Bequest is generally a simple process. You will need to include our legal name and Tax ID number (please contact us for the information).
Gifts of Life Insurance: While most obtain life insurance to ensure family and loved ones are taken care of, many are buying life insurance as a means to support their favorite charity.
If you are interested in using life insurance for planned giving, the options are:
Name Dominion Equine Welfare as Owner and Beneficiary of a new or existing life Insurance policy: This option entails making an annual donation to Dominion Equine Welfare equal to the premium payments. Such contributions are fully tax deductible. When the policy matures, the proceeds would be paid to Dominion Equine Welfare.
Name “Dominion Equine Welfare “as Beneficiary or Co-Beneficiary of a new or existing life insurance policy: This option entails you holding the policy and Dominion Equine Welfare receiving the benefits upon your death. Your estate could receive a charitable deduction for the amount of the proceeds.
As always, we thank you for your support.
Contributions to Dominion Equine Welfare are tax-deductible to the extent permitted by law.
The information provided throughout this section is intended for general information only. Please consult with a licensed attorney, tax advisor and/or other estate planning professional in your state to answer questions about your specific concerns and circumstances.