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What is Planned Giving and how is it important to Feline Rescue?
Simply said, it is act of 'planning to give'. When you plan a gift you make a difference both for you and for Feline Rescue through a charitable gift. Planned giving is also described as 'leaving a legacy'.
Why is planned giving so important to us? Feline Rescue depends on the generosity of the community to maintain the high level of care that we provide the hundreds of cats and kittens that come through our doors every year. In turn the Twin Cities area's injured, abused, and homeless cats depend on Feline Rescue. Planning a gift to Feline Rescue ensures that we will be able to continue this work for generations to come.
Preparing a Will
Preparing a will is very important because it ensures that your assets are passed on according to your wishes. A will is a legal document and you will need to consult a lawyer in drawing up or modifying your will. Every state has specific procedures for wills and the distribution of estates that must be followed or your will could be deemed invalid. Without a will, or if your will is deemed invalid, your property and life savings will be distributed according to the laws of your state, without regard to your wishes.
Your charitable bequest can be:
(i) a fixed dollar amount;
(ii) specific property, such as real estate (e.g., residences, farms, unimproved land), stock or personal property;
(iii) a percentage of your total estate; or
(iv) the residual of your estate after other bequests are paid.
In addition to a bequest in your will, you can also designate Feline Rescue as a beneficiary in your life insurance policy, your retirement account (individual retirement accounts, pension plans, 401(k) plans) and your bank or brokerage accounts (saving accounts, certificates of deposit, money market accounts).
Your attorney may wish to use the following language when making a bequest to Feline Rescue, Inc. "I give, devise, and bequeath to Feline Rescue, Inc., 593 Fairview Ave N, Saint Paul MN 55104, the sum of: $________________ (or describe the real or personal property or portion of the estate) to be used for its general purposes."
Feline Rescue strongly suggests that your lawyer and/or financial advisor advise you about the methods of giving that are most beneficial and appropriate for you. Then we suggest that you contact us so that we can help you find the best way to help cats and kittens in need.
When considering Feline Rescue in your estate planning, please reference the following information:
Our Federal Employee ID Number (EIN) is:
Our primary business address is:
- Feline Rescue, Inc., 593 Fairview Ave N, Saint Paul, MN 55104
For additional information or questions concerning Planned Giving to Feline Rescue, please contact Kathryn Boyne:
All inquiries and information are treated with the utmost confidentiality. Thank you for all you do for cats and kittens in need!