Want to get the most value from your nest egg, protect your heirs from heavy taxes and make your mark at our organization? Consider leaving a portion of your retirement plan assets to us.How It WorksIf you die with retirement plan assets in your estate, those assets are subject to income taxes. This can reduce the amount that normally would be passed to heirs by up to 35 percent. In contrast, as a nonprofit organization, we are tax-exempt and eligible to receive the full amount and bypass any federal taxes. Income taxes can be avoided or reduced through a carefully planned charitable gift. Consider these gift options:
To implement your wishes, simply advise your plan administrator of your decision and sign whatever forms are required.
How You BenefitLeaving retirement plan assets to PETA shields your heirs from taxes on the retirement assets and frees you to give them other assets that are not as heavily taxed.For ExampleBetty plans to leave $250,000 to her niece, Karen, and $250,000 to PETA. Among her assets, Betty owns a $250,000 IRA. If she leaves the IRA to Karen, it will be subject to income taxes at Karen's marginal income tax rate (35 percent). To avoid her niece having to pay these taxes, Betty names us the beneficiary of her IRA and leaves less tax-burdened assets to Karen. Because our organization is tax-exempt, income taxes are eliminated.
A Second Gift OptionYou can also consider creating a charitable remainder trust for heavily taxed retirement plan assets. Such a trust could be set up to receive the proceeds of your retirement plan at your death. The trust would pay income for life to a family member of your choosing, after which the remaining assets pass to us.
Please contact Tim Enstice at 757-962-8213 or firstname.lastname@example.org if we can answer any questions you have about this way to support PETA.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.