 A revocable living trust,
which allows you to receive income from the trust for life. If
that amount becomes insufficient to meet your needs you can withdraw
assets from the trust at any time. In the trust agreement, you
can specify that whatever assets are left in the trust after
your lifetime will go to Pacific Marine Mammal Center. In the
meantime, the terms of the trust are flexible; you can add to
it, amend it, or revoke it at any time.
A charitable remainder trust is similar
to other types of trusts. However, a distinguishing feature of
this type of trust is that the amount of money distributed at
its termination - the remainder - is paid to a charitable beneficiary
such as Pacific Marine Mammal Center. This allows you to convert
assets such as real estate, stocks, or collectibles into a lifetime
income for yourself and your spouse and enables your heirs to
avoid paying capital gains or estate taxes on the sale. Pacific
Marine Mammal Center is named as the recipient of the trust assets
after your lifetime.
A bank account is another way that
you can make a revocable trust gift. You can open an account
in your name in trust for Pacific Marine Mammal Center. During
your lifetime you will receive interest on the account and can
add or withdraw funds at any time. After your lifetime the balance
becomes the property of Pacific Marine Mammal Center to benefit
our programs.
Often your financial responsibilities extend beyond your lifetime.
You may need continuing income to provide for a surviving spouse
or elderly parents. In such a case, there are other planned giving
options that not only provide Pacific Marine Mammal Center with
a gift, but also pay income for life to one or more selected
beneficiaries.
A testamentary charitable gift annuity is
one way you can help both loved ones and Pacific Marine Mammal
Center. This is a combination of a gift and an investment under
which, in exchange for a transfer of cash or property, Pacific
Marine Mammal Center will contractually guarantee to pay a specified
annuity to one or two beneficiaries for life.
You can also make a gift of life insurance.
By making Pacific Marine Mammal Center the primary or contingent
beneficiary of an existing policy, you still own the policy and
maintain control all of its options. Donors concerned about providing
for children can provide for a charity as well with a life
insurance trust. The trustee of the insurance trust
can purchase enough life insurance to replace the full property
value for the children. The proceeds are kept out of the taxable
estate and children pay no income or estate taxes.
A memorial gift is a charitable bequest
given in memory of a donor or loved one. Pacific Marine Mammal
Center is pleased to honor these wishes and has many suitable
ways to grant recognition. |
At Pacific Marine Mammal Center, we think of our donors as our partners.
With your generosity we are able to continue our mission to rescue,
medically treat, and rehabilitate marine mammals that strand along
the Orange County coastline due to illness or injury; release healthy
marine mammals to their natural habitat, while preserving species diversity;
and increase public awareness of the marine environment through education
and research. In the spirit of this partnership, we are pleased to
share ways that a planned gift to Pacific Marine Mammal Center can
be mutually beneficial.