Dorothy’s Circle Ways To Give
Our beloved Dorothy was a kind and gentle soul, who was adored by her fellow chimpanzees and dedicated caregivers. She was one of the first orphans to be saved by Sanaga-Yong Chimpanzee Rescue and although she passed away in 2008, Dorothy’s story will always be an inspiration and she will forever remain in our hearts.
There are a variety of ways to donate through Dorothy’s Circle and receive substantial tax benefits for you and your family. Non-cash, life income and legacy options provide you the opportunity to make a difference today, for the future or both. All of our planned giving options help ensure a lifetime of care for our rescued chimpanzees and secure the future for free living great apes, who we are fighting to protect.
Your gift will be used to support the mission of Sanaga-Yong Chimpanzee Rescue (SYCR) to provide sanctuary for chimpanzee orphans in Cameroon while spearheading and supporting habitat protection, law enforcement and conservation education programs.
Gifts of Stock or IRA Distributions
A gift of appreciated securities – including stock, bonds and mutual funds – directly to SYCR provides significant tax benefits, including a charitable deduction for the full market value and avoidance of capital gains taxes that would normally be due upon sale.
Gifting funds directly from your IRA is one of the most tax beneficial means of charitable giving. If you are 70½ or older, you can make a tax-free distribution from your traditional or Roth IRA to SYCR and donate up to $100,000 each year without incurring income tax on your withdrawal.
Gifts of Real Estate
Depending on your financial and charitable goals, donating real estate to SYCR allows you to leverage one of your most valuable investments to achieve maximum impact with your charitable giving. By donating real estate – urban, rural, developed, undeveloped, residential, or commercial – you can reduce or potentially eliminate capital gains tax and receive a fair market value tax deduction.
LIFE INCOME GIFTS
A life income gift is an arrangement that provides funds for you and your family now and benefits SYCR in the future. You may also be able to claim an income tax deduction for your gift.
Charitable Gift Annuity
With a charitable gift annuity, you and/or your beneficiary enter into a contract with SYCR which guarantees income for life and may qualify you for an immediate income tax deduction. Your initial donation to SYCR – typically cash, marketable securities and/or real estate – is invested. You and/or your beneficiary then regularly receive a fixed amount of monthly income. The principal passes to SYCR after the lifetime of the income beneficiaries.
Deferred Gift Annuity
Similar to a charitable gift annuity, you and/or your beneficiary enter into a contract with SYCR which guarantees income for life. Deferred gift annuities offer the same benefits of simplicity, security and attractive income taxation of a regular gift annuity, but payments commence at a date at least one year in the future. A higher income rate can be offered given the deferment and you may qualify for a larger charitable income tax deduction. The principal passes to SYCR after the lifetime of the income beneficiaries.
Charitable Remainder Trust
A charitable remainder trust is a “split interest” option which allows you to make contributions to the trust and be eligible for a partial tax deduction. You or your beneficiary receive an annual amount for life, or a fixed term of up to 20 years. At the end of the trust term, the balance of the remaining gift is then received by SYCR.
You can name SYCR as a beneficiary of part of or the entirety of your individual retirement account, Keogh plan, 401(k), 403(b), or another qualified pension plan. By doing so, your heirs avoid paying income tax on the distribution and receive a tax deduction for the charitable contribution. The funds received by SYCR are exempt from probate and are not subject to federal estate tax.
Charitable bequests to SYCR from your will or trust combine philanthropy and tax benefits. You can name SYCR as the beneficiary of specific assets, a portion of your real estate or your residual estate and thereby reduce assessed estate taxes. Charitable bequests are exempt from federal estate tax so the full amount you pledged is gifted to SYCR.
Dedicated to the beauty and hope Dorothy embodied, including Sanaga-Yong Chimpanzee Rescue in your planned giving will ensure our critical chimpanzee care and conservation work continues. Together we can secure a compassionate future in her honor.
Volunteer Monica Szczupider captured the tender moments at Dorothy’s funeral. One such heartfelt image was published in National Geographic.
For questions concerning Dorothy’s Circle Ways to Give or to let us know of a gift you have planned, please contact firstname.lastname@example.org.
Please click here to download our Sanaga-Yong Chimpanzee Bequest Pledge Form.
The above information is intended to provide a general overview of gift options and not to render tax or legal advice. Your attorney, financial advisor or tax professional can advise you on how best to accomplish your financial and charitable goals.
Sanaga-Yong Chimpanzee Rescue is a registered 501(c)(3) nonprofit organization supported solely through donations. Contributions are tax-deductible as permitted by law. Tax ID: 47-3955487.