Designate Floyd County Animal Rescue League as a beneficiary of a planned gift and ensure the future success of programs and services benefitting the animals of Floyd County for years to come. As a private, non-profit organization, FCARL receives no city, state or federal funding.

Helpful Information 

Legal Name: Floyd County Animal Rescue League
Administrative Address: PO Box 285, New Albany, IN, 47151
Tax ID #: 31-1051392
Type of organization: 501(c)(3) 

Planned Gifts Can Include:

Appreciated Securities

The transfer of stock or bonds is an easy way to provide sustainability for FCARL. Donors can write off the gift and avoid paying capital gains taxes.

Charitable Lead Trust

Greatly reduce or avoid estate tax while passing on appreciated assets to your loved ones.

Charitable Remainder Trust

Great tool for selling assets tax-free and receiving income for you or a loved one for life. Remaining assets go to FCARL.

Life Estate or Personal Property

Deed your home or farm property to FCARL, save taxes with a current deduction and still use the property for life. Art or other assets can also reduce estate taxes for your beneficiaries and allow others to appreciate your special holdings.

IRA Rollover Gift - Save Taxes AND Animals!

FCARL supporters like you can plan to get a tax break - while helping our furry friends with an IRA Rollover Gift! The IRA Charitable Rollover provides you with an excellent opportunity to make a gift during your lifetime from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate.

Details:

  • You must be 70½ or older at the time of the gift.
  • The transfers must originate from a traditional IRA or Roth account.
  • Your plan provider must issue the donation directly to FCARL.
  • Your gift can be any amount up to $100,000, and it satisfies your RMD.
  • You will benefit from giving, even if you do not itemize deductions.
  • The transfer may be made in addition to any other charitable giving you have planned.

Contact your IRA administrator or plan provider to discuss your gift intent. They will provide instructions on how to transfer funds to FCARL.

Remember FCARL In Your Will

A gift to FCARL in your will provides your estate with a tax deduction. FCARL can be a beneficiary in several ways - as the recipient of an outright gift, either in a designated amount or as a percentage of your estate or as a residuary beneficiary to receive the balance of your estate after specific amounts have been paid to other beneficiaries. You can add FCARL to your current will through a codicil without re-writing your entire will.

SAMPLE WORDING FOR BEQUESTS IN YOUR WILL:

Specific Bequest

 "I hereby give and bequeath to the Floyd County Animal Rescue League, a  501 (c)(3) nonprofit Indiana corporation whose principle office is located at 215 W. Market Street, New Albany, Indiana, 47150, Tax ID# 31-1051392, the sum of $_______ to be used for its general purposes."

* For a gift other than cash, simply describe the asset(s)

** For a gift to be used for a specific purpose, delete “its general purposes" and specify the purpose you intend.

Residuary Bequest

 "I hereby give and bequeath to the Floyd County Animal Rescue League, a

501 (c) (3) nonprofit Indiana corporation whose principle office is located at 215 W. Market Street, New Albany, Indiana, 47150, Tax ID# 31-1051392, all the rest, residue, and remainder of my estate, both real and personal, after providing for the specific provisions of this Will to be used for its general purposes."

  • For a gift of less than 100% of the rest, residue, and remainder of the estate, delete "all" and state the fraction.

 

Life Insurance

There are several ways to donate to FCARL using life insurance. They can be policies that are paid in full, partially paid, or newly purchased. FCARL can be named as owner and beneficiary for your fully paid policy. You may deduct the replacement cost of the policy from your taxes. You can also designate FCARL as the beneficiary of the policy you already have. There is no immediate deduction, but your estate will receive a deduction equal to the amount of the policy when settling.

 

Legal Disclaimer

The information is not intended as specified legal advice, Neither the Floyd County Animal Rescue League nor its employees may give legal, tax, or accounting advice. Consult your attorney, estate planner, financial or tax advisor when considering any legal matter or legacy gift.