A gift to The Arrow Fund is one with a lasting impact and we are honored that you are considering us as a way to help celebrate a life lived with a love of animals.
Creating a bequest in your Last Will and Testament
Including The Arrow Fund in your will leaves a legacy that will help us continue caring for the animal victims of extreme cruelty, abuse, and neglect for years to come. A gift in your will may also provide your estate with a significant tax deduction.
There are several ways that you can bequeath assets to The Arrow Fund. More specifically, gifts can be separated into three categories:
- Pecuniary (a fixed sum of money or fixed percentage of the estate)
- Specific (individual possessions or land)
- Residuary (a share/percentage of the net value of the estate after specific amounts have been paid to other beneficiaries)
You can add The Arrow Fund to your current will through a codicil, without rewriting your entire will. It is important for you to discuss your plans to add The Arrow Fund as a beneficiary with your family and other potential beneficiaries so that they know of your wishes and can ensure those wishes are honored. It is also important to seek legal advice in carrying out such wishes, so they are documented properly.
Donations “in lieu” of flowers
Upon death, in leiu of flowers, you may request that funeral guests make donation to The Arrow Fund in remembrance of your loved one. If you contact The Arrow Fund in advance we can provide envelopes for your guests and brochures regarding the organization. Further, if your guests specify that the donations are in memory of your loved one, The Arrow Fund will provide you with a list of donors and will forward tax deductible forms to the donors if they provide their contact information.
Assigning a life insurance beneficiary
Life insurance is another way to leave a legacy of support for The Arrow Fund. There are several ways to donate to The Arrow Fund through a life insurance policy, depending upon whether they are policies that are paid in full, partially paid, or newly purchased.
- The Arrow Fund can be named as the owner and beneficiary for your fully paid policy. In this case, you may be able to deduct the replacement cost of the policy from your taxes upon purchase.
- You can designate The Arrow Fund as the beneficiary of a policy you already have. There is no immediate tax deduction in this case, but your estate will receive a deduction equal to the amount of the policy when settling.
- You may be able to add a “Charitable Giving Rider” to your current policy or gift policy dividends without reducing the cash value or death benefit of an existing policy.
Neither The Arrow Fund, it’s employees, or Board of Directors should be considered as experts capable of giving legal, tax, or accounting advice. Before making changes to any insurance, investment, or legal document you should contact legal counsel and tax adviser.