Insuring your family and pets are protected, forever.
The Legacy Society
Since 1946, Olympic Peninsula Humane Society (OPHS), has helped place surrendered, stray, abandoned and neglected or abused animals throughout Clallam County in new, forever-homes.
Every act of giving is personal and unique. Being a part of our Legacy Society, by remembering our sheltered animals through a will, trust designation or other planned gift, will have substantial meaning and impact.
Our Legacy Society members often have a soft spot for animals and their well-being. They remember treasured pets from their childhood, or enjoy the comfort of furry loved ones today. Their animals are pets, but moreover... they are family members.
Our members know the animals at OPHS need lots of care. Often many of these animals need life-saving medical interventions to help them recover from unimaginable existences. Members' hearts, along with ours, are filled with joy when a dog or cat leaves OPHS for a new, loving home.
By making a planned gift to OPHS, you will help us achieve long-term financial stability and sustainability so we may carry on this important work for years to come.
Almost everyone has the ability to create a legacy gift and, for most people, it's the largest gift they can make. Whether you choose to have your planned gift start working today, or defer it until later, there are many ways to provide for the animals in need.
All too often, meaningful planned gifts go unrecognized because they come at the end of life. Forward-thinking donors have the ability to plan a legacy gift, regardless of current assets or income. Your legacy gift will be recognized through our Legacy Society membership list. If you have already included or intend to include Olympic Peninsula Humane Society in your will, trust or other planned gift, we encourage you to notify us so we may honor you as a member. It is our greatest pleasure to recognize and thank all donors during their lifetimes.
Should you wish to have your planned gift go unrecognized, we will also honor this request. Additionally, a gift made "in honor of" a family member or individual will also be accommodated.
Thank you for considering OPHS as part of your personal legacy.
Giving Through a Will or Trust
A bequest is an act of giving personal property or financial assets such as stocks, bonds, jewelry and cash to an individual or organization through the provisions of a will or estate plan.
Any bequest you choose to leave to Olympic Peninsula Humane Society (OPHS), should best suit your personal objectives.
In your bequest, you can state a specific dollar amount you wish to leave, give property, or decide on a certain percentage of the remainder of your estate (the amount that remains after paying all debts, costs, and other prior legacies).
You may also earmark your gift to be used for general support of our work or for a specific purpose you designate.
A bequest is right for you if...
- You wish to help ensure Olympic Peninsula Humane Society's future viability and strength
- You are comfortable delaying immediate income-tax deduction in favor of long-term planning
- You wish to not affect your current cash flow
If you wish to designate a restricted gift...
You may give your gift for restricted use or specifically to support a particular program or service we provide such as earmarking to care specifically for dogs, cats or to designate funds for emergency medical care.
Because of ever-changing financial needs of charitable organizations, advisors often recommend that restrictions be described, avoiding detailed limitations, and be as broad as possible.
The more limited the restrictions of a bequest, the more important it is to add a provision like the following:
"In the event that such use should prove to be impossible, impracticable or undesirable for any reason as the Trustees may determine, in their sole discretion, they shall then provide for alternative use of the funds in a manner consistent with and reflecting the spirit of the original gift."
A bequest made through a provision in your will or revocable trust:
- Is easy to arrange
- Will not alter your current lifestyle in any way
- Can easily be modified to address your changing needs
- May be given to honor the donor or memorialize a loved one
Gifts From Retirement Plans
If you designate the remaining balance of a retirement plan to a beneficiary other than your spouse, the IRS will tax the remaining balance if it is the largest asset remaining in your estate. This tax is in addition to the estate tax that may be imposed on the account. The result of this additional tax could be up to 70 percent of the value of your retirement plan.
Naming Olympic Peninsula Humane Society as the beneficiary of your retirement plan may be right for you if you wish to leave other assets that are not subject to income tax to your heirs. Olympic Peninsula Humane Society, being a qualified 501(c)(3), will not pay income tax on a gift of remaining retirement plan funds.
A Retirement Plan gift is right for you if...
- You have a retirement plan such as a 401(k), IRA, or other qualified plan
- You want to ensure the most efficient distribution of the assets in your estate and prefer to make a gift to us through your estate plan while balancing your giving between family and Olympic Peninsula Humane Society
How Giving from Retirement Plans Works
What to Do
- Name Olympic Peninsula Humane Society as your beneficiary
- Name Olympic Peninsula Humane Society as a beneficiary of your IRA, 401(k) or other qualified plan
- Designate Olympic Peninsula Humane Society to receive all or a portion of your plan through your plan administrator
- The balance in your plan passes to Olympic Peninsula Humane Society after your death
Benefits to You
- Your retirement savings are double taxed when you leave it to your heirs, You can avoid this if you designate these funds to Olympic Peninsula Humane Society
- You have flexibility to change beneficiaries if your family's needs change during your lifetime
- You can take regular lifetime withdrawals
General Language Examples
You may name Olympic Peninsula Humane Society as a beneficiary of a specific amount from your estate. This is called a specific bequest.
"I give to the Olympic Peninsula Humane Society - Federal Tax I.D. number 91-6001724, located at 1743 Old Olympic Highway in Port Angeles, WA 98362, the sum of $_____ to be used as its Board of Directors deems advisable for the benefit of animals in its care."
A residuary bequest comes to Olympic Peninsula Humane Society after your estate expenses and specific bequests are paid. It allows you to designate Olympic Peninsula Humane Society as the recipient of all or a portion of the residue of your estate.
"I give to Olympic Peninsula Humane Society, Federal Tax I.D. number 91-6001724, located at 1743 Old Olympic Highway in Port Angeles, WA 98362, (the residue of my estate / _____% of the residue of my estate) to be used as its Board of Directors deems advisable for the benefit of animals in its care."
A contingent bequest enables you to name Olympic Peninsula Humane Society as an alternate beneficiary of all or of a portion of your estate, which means Olympic Peninsula Humane Society will receive the bequest only if your primary beneficiary or beneficiaries do not survive you.
"If __________ is not living at the time of my death, I give to Olympic Peninsula Humane Society, Federal Tax I.D. number 91-6001724, located at 1743 Old Olympic Highway in Port Angeles, WA 98362, (the sum of $_____ / the residue of my estate / _____% of the residue of my estate) to be used as its Board of Directors deems advisable for the benefit of animals in its care."
"I hereby give to Olympic Peninsula Humane Society, Federal Tax I.D. number 91-6001724, located at 1743 Old Olympic Highway in Port Angeles, WA 98362, the property herein described to be used as its Board of Directors deems advisable for the benefit of animals in its care."
*Outlines cited in examples are subject to change with modifications in the tax laws, and the like. For legal or tax advice, please consult an attorney to help determine what may be best for your personal circumstances.
Planned Giving Information
- Giving through a Will or Trust
- Giving through a Trust
- Giving of Stock
- Giving through a Retirement Plan
- Gifts of Life Insurance
- Gifts of Property
- Qualified Charitable Distributions (QCD) for those 70.5 Years or Older
- Gifts through Charitable Remainder Trusts
- Specific Bequest
- Residuary Bequest
- Contingent Bequest
- Property Bequest
As part of your estate plan, consider a future gift to Olympic Peninsula Humane Society (OPHS) and carry on your commitment to helping animals on the Olympic Peninsula. Including OPHS in your estate plans will allow us to plan for the future.
We hope you will consider making a donation to OPHS in your will or living trust.
For more information on charitable giving, please contact your tax advisor, attorney or call us at (360) 457-8206 Ext 304
Olympic Peninsula Humane Society is a 501(c)3 nonprofit organization - Tax I.D. Number 91-6001732
P.O. Box 3124 Port Angeles, WA 98362
Please consult an attorney and/or financial advisor to help determine what may be best for your personal circumstances.