Something has brought you to this page. It could be the years of enjoyment you've had watching birds outside your window. It could be the fact that WRC has been there to help animals you've brought to us over the years. Or, maybe you've never set foot into WRC, have never needed our emergency medical services for wildlife, but you want to make sure that others who do can count on WRC being here in the future.
There are many ways you can help WRC through planned giving. Share your plans with the person who is drafting your will or assisting you with your estate plan. If you have specific questions, please contact our Executive Director Phil Jenni at 651-486-9410 ext. 1, or email him.
This is the simplest way to include WRC through planned giving. Through your will, you have the opportunity to perpetuate good works in a variety of ways. You may name the Wildlife Rehabilitation Center of Minnesota (WRC) as a residual beneficiary of an estate; as receiving a specific portion of the estate; as the recipient of a specified gift; as contingent beneficiary; or as one of the beneficiaries of the assets of a charitable remainder trust. A bequest also can be included in the body of your will or in addition to it (a codicil).
The easiest and most useful bequest to WRC is an unrestricted gift for general operating support of WRC’s ongoing programs. The following is suggested language for making an unrestricted bequest in your will:
“I give (the sum of ____ dollars) or ( ____ percent of the residuary of my estate) to the Wildlife Rehabilitation Center of Minnesota, 2530 Dale Street, Roseville, MN 55113, for its general purposes.”
Life insurance policies and other vehicles can also be used to provide charitable gifts and still protect family wealth. The Wildlife Rehabilitation Center can be named as the owner and beneficiary of a life insurance policy. The donor can receive a tax deduction for the value of the policy.
You also may purchase a new policy and name WRC as owner and beneficiary. By donating the money required for the premium payments directly to WRC, you receive a full tax deduction for these annual gifts.
Life insurance also can be purchased to replace other donated assets. For example, if you made a gift of cash or securities, you could purchase a policy for the amount of this gift to ensure that your family will be taken care of as well.
IRAs, 401(k), 403(b) and other Qualified Retirement Plans
As in the case of life insurance, naming WRC as a beneficiary of qualified retirement plan assets can provide a significant advantage to you. Intended for retirement income, many people are discovering that there are significant balances upon the death of the owner. There might be dramatic unintended tax consequences; including both estate and income tax. Naming WRC as beneficiary of those assets can save significant assets for your heirs.
Charitable Remainder Unitrusts, Charitable Remainder Annuity Trusts, Pooled Income Funds, and Charitable Gift Annuities
These gifts allow you to make a gift to the Wildlife Rehabilitation Center and receive, in return, a lifetime income interest for yourself or specified beneficiaries.
- Charitable Remainder Unitrust - Cash or property is transferred to a trust that then distributes to the income beneficiary(ies) an amount equal to a fixed percentage of the trust’s fair market value. This type of trust provides a variable stream of income to the beneficiaries. Upon termination of the trust, its assets become part of WRC and are used for purposes specified by you, the donor.
- Charitable Remainder Annuity Trust - An annuity trust pays income beneficiaries a fixed dollar amount, rather than a variable amount (as with a unitrust). In other respects, it is similar to a unitrust.
- Pooled Income Fund - This combines your gift with those from other donors to create a common investment portfolio. Net income is paid in proportionate shares to donors and/or their beneficiaries. After the death of the income beneficiary(ies) designated by the donor, the share of the pooled income fund contributed by the donor becomes part of WRC, to be used as the donor has directed.
- Charitable Gift Annuity - A transfer of cash or other property is made to WRC in exchange for a commitment to pay the donor a specified amount annually for the remainder of the donor’s life.
The Wildlife Rehabilitation Center of Minnesota is a tax-exempt 501(c)(3) organization; federal tax identification number 41-1588791.
This is not intended as a legal or financial document. Please consultant your personal advisor for what works best for your situation.