Your decision to include the Humane Society of Western Montana in your estate plans shows your sincere commitment to animals and your desire for your legacy of love to continue for years to come. Estate gifts, commonly called “planned gifts,” include bequests (wills), securities, life insurance, retirement accounts and more.
We recommend talking with your tax or legal advisor about ways to make a planned charitable gift to the Humane Society of Western Montana. Planned gifts are usually deferred meaning they are arranged now and fulfilled later. For example, a person could include the Humane Society of Western Montana in their will or trust, or make the Humane Society the beneficiary of a life insurance policy.
Regardless of your age or financial status, you can leave a legacy to the Humane Society of Western Montana by naming the shelter as a recipient of assets from your estate. You can leave a specific dollar amount, a percentage gift, or a residual bequest. Because we are a 501(c)3, a bequest is not subject to Federal or estate taxes. Most importantly, a bequest will ensure the Humane Society’s ability to provide care and protection for animals in future years.
Sample bequest language: “I give 25% of my estate to the Humane Society of Western Montana, 5930 Highway 93 South, Missoula, MT 59804 for its general use and purposes. The Humane Society of Western Montana is a non-profit corporation. Federal Tax ID number: 81-0290933.”
Friends for Life Endowment - The Montana Endowment Tax Credit
The Humane Society has an established, qualified permanent endowment fund. Contributions to the Friends for Life endowment fund are eligible for the Montana Endowment Tax Credit. The METC can provide a donor with significant tax savings on their Montana state income taxes. Endowment gifts provide an endless source of support for our organization. They are pooled to earn annual interest and investment income, which can be spent for current needs while the principal remains untouched.
Endowment or planned gifts to the Humane Society of Western Montana can also be made throught the Missoula Community Foundation or the Montana Community Foundation.
Certificate Of Deposit: A relatively easy planned gift option is purchasing a Certificate of Deposit (CD) at your local bank and naming HSWM as the beneficiary, payable-on-death. The CD can remain on deposit earning interest until the holder’s death, at which point the Humane Society would receive its value. Make sure the CD you buy automatically rolls-over and maintains beneficiary designation.
Annuities: There are other options, such as Charitable Gift Annuities, which provide lifetime income for you, a tax-deduction, and provide revenue for the Humane Society.
We are deeply grateful to all who are considering, or have designated, a charitable bequest or other planned gift to the Humane Society. We urge you to work with a qualified estate attorney in setting up such a gift. Please tell us if you have included us in your estate plans - we would love to be able to thank you during your lifetime.