Planned giving makes every dollar go further. To maximize your charitable giving, as well as fulfill your own financial needs, you can fund the future of the Roanoke Valley SPCA through your estate planning. Making a gift through your estate is one of the most effective ways to ensure that we can carry on our mission to save animals’ lives far into the future. The Roanoke Valley SPCA invites you to join other supporters who have already taken the steps necessary to ensure the future of our organization. We look forward to working with you to design a gift that meets your charitable and financial goals.

Easy giving options include bequests, retirement plan assets, and life insurance policies. For more information on making a planned gift and becoming a member of our Legacy Society, please contact our CEO at (540) 339-9500.

Donor Advised Funds

Donor Advised Fund (or DAF) giving has become more popular for individuals and families that want to benefit multiple charities throughout the year and for extended periods of time.  A DAF is a separately managed fund that is maintained and operated by a sponsoring organization, such as Fidelity or Schwab.  In addition to offering ease of administration, a donor-advised fund offers the opportunity to create a low-cost, flexible way to diversify your philanthropy without the expense of creating a private foundation.  Recommending a gift to the Roanoke Valley SPCA through your donor advised fund (DAF) is simple.

Information to Make a Donor Advised Fund Gift
Legal Name: Roanoke Valley SPCA
Federal Tax ID: 54-0679796
Mailing Address: 1340 Baldwin Avenue, NE, Roanoke, VA 24012

Bequests

A gift from a will (or from a trust) allows you to make a future donation to the Roanoke Valley SPCA. The following are samples of appropriate bequest language to share with your attorney:

Specific bequests state a specific amount or asset amount. It may be a gift of cash, securities, real estate or tangible personal property.

Example:

I give [specific dollar amount or asset] to the Roanoke Valley SPCA (54-0679796) or its successor to be used for the unrestricted needs of the organization.

Residuary bequests name the Roanoke Valley SPCA as the recipient of all or a percentage of the remainder of the estate after specific bequests have been fulfilled.

Examples:

I give [X percent] or [the remainder] of my residual estate to the Roanoke Valley SPCA (54-0679796) or its successor for the unrestricted needs of the organization.

Retirement Plan Assets

Retirement plan assets are often considered the attractive option for making a planned gift since these are among the most tax-burdened assets in an estate. Making a future gift of retirement plan assets to your favorite organization, such as the Roanoke Valley SPCA may reduce estate tax liability while allowing you to leave assets that receive more favorable tax treatment to other beneficiaries (i.e., your descendants).

To make a charitable gift of retirement assets, you need to complete a new beneficiary designation form naming the charity as a percentage beneficiary. When designating the charitable organization, please remember to include the complete organization name and address, as well as the organization’s Employment Identification Number (EIN) to ensure accuracy.

Roanoke Valley SPCA
1340 Baldwin Avenue, NE
Roanoke, VA 24012
Tax ID/EIN: 54-0679796

Consider a Tax-Saving IRA Charitable Distribution

If you are 70 1/2 years old or older, you can take advantage of a simple way to benefit the Roanoke Valley SPCA provide life-saving care for pets in need and receive tax benefits. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income tax on the money. This popular gift option is commonly called the IRA Charitable Rollover, or QCD (Qualified Charitable Deducation) for short. The IRA Charitable Rollover has proven to be very popular and effective for donors, allowing them to give directly to the shelter without first having to recognize the distribution as income.  Simply talk to your plan administrator for how to make this happen.

Life Insurance Policies

You may use one or more whole life insurance policies to make a future gift to your favorite organization, such as the Roanoke Valley SPCA. To use a life insurance policy to make a gift, you could name the organization as a percentage beneficiary of a new or existing policy or transfer ownership of a new or existing policy to the beneficiary organization.

As with retirement plan assets, using a life insurance policy to make a charitable gift can be as simple as completing a new beneficiary designation naming the charity as a percentage beneficiary. Again, please include the complete organization name and address, as well as the organization’s EIN when naming it as the beneficiary, to ensure accuracy.

Roanoke Valley SPCA
1340 Baldwin Avenue, NE
Roanoke, VA 24012
Tax ID/EIN: 54-0679796

There are many vehicles to making a planned gift and the above is a brief overview. This document is not intended to provide tax or legal advice and should not be relied on as such. Potential donors should consult with their legal and tax counsel to understand the implications of a specific charitable gift. If you have any questions, please contact our CEO at (540) 339-9500.