Planned Giving

Planned giving, or legacy giving, offers a substantial way to leverage your philanthropic support of our organization. By working with an accountant or financial professional to determine your overall financial and/or estate planning, you can make a major gift to Second Chance through equity, life insurance, real estate, personal property, or cash.

For more information, please reach out to board@secondchancenorman.com.

Three Types of Planned Giving

  1. Outright gifts that use appreciated assets as a substitute for cash

  2. Gifts that return income or other financial benefits to the donor in return for the contribution

  3. Gifts payable upon the donor’s death

Tax Benefits of Planned giving

  • Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.

  • Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.

  • Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.

*Information sourced from plannedgiving.com

Recurring Donations

Interested in making a regular, recurring donation to Second Chance Animal Sanctuary? Set up a monthly payment plan online!