Planned gifts, also called legacy or estate gifts, are an important source of future funding that enables Central New England Equine Rescue to plan and continue our work for generations to come. You do not need a great deal of wealth to make a difference ~ each bequest is a powerful gift that will help us to continue to save horses in need as well as providing tax and legal benefits during your lifetime and for your heirs into the future.

Bequests

Should you decide to leave assets to CNEER as a bequest in your Will, you leave an enduring legacy that demonstrates your belief in the support of our work for horses in need. Your estate will also qualify for a charitable estate tax deduction on (a federal, as well as oftentimes a state, basis). The options are many, from leaving a specific amount to a specific percentage which still assures your family is taken care of financially. Assets need not be strictly financial in nature; bequests of property such as real estate or vehicles can also be included.

No gesture of giving is considered too small, and making a bequest is generally as simple as including a simple statement in your Will, such as:

“I hereby give, devise and bequeath to┬áCentral New England Equine Rescue, Inc.
96 New Braintree Road, West Brookfield, MA 01585
(978)621-6717

Tax ID: 42-1608505 the sum of $__________
— OR —
_____% of the rest and residue of my Estate
— OR —
the rest and residue of my Estate.”

Life Insurance

Gifts of Life Insurance are a wonderful way to leave a substantial gift to CNEER without effecting any financial burden during your lifetime. Life insurance can indeed ensure that loved ones are taken care of, but life insurance can also be utilized as a means of supporting your favorite charities.

You can name Central New England Equine Rescue, Inc. as the owner and beneficiary of a new or existing life insurance policy, in which case you would make annual donations to CNEER, Inc. equal to the premium payment. These contributions are fully tax deductible, and when the policy matures, the proceeds would directly pay to CNEER, Inc.

Alternatively, you can name Central New England Equine Rescue, Inc. as the beneficiary or co-beneficiary of a new or existing life insurance policy. In this case, you would hold the policy and CNEER, Inc. would receive the benefits upon your death. In general, your estate would be eligible for a charitable deduction for the amount of the proceeds.

The above information is intended for general information and we urge you to consult with your tax advisor and/or your attorney for questions regarding your specific circumstances.

Living Real Estate

When donating property while retaining a life estate, your gift of your personal residence or farm to Central New England Equine Rescue, Inc. means that you still retain the right to live at the property for the remainder of your life. You will receive an immediate income tax deduction for a portion of the appraised value of the property, and it is removed from your estate for tax purposes. Upon your death, CNEER can use or sell the property. Please note that because you are able to receive the tax benefits during your lifetime, deeding your property to CNEER is an irrevocable gift. You will continue to pay real estate taxes on the property for the remainder of your lifetime, and the income tax deduction you will be eligible for depends on your life expectancy (based upon actuarial tables) and the appraised value of the property. In some cases, however, when farm property is involved, CNEER may begin using the property immediately.

The above information is intended for general information and we urge you to consult with your tax advisor and/or your attorney for questions regarding your specific circumstances.

Donating Property Outright & Other Options

If you wish to donate property to CNEER, Inc. outright, please contact us directly. We can also discuss other options such as Gift Annuities and Trusts.

CNEER, Inc. is very grateful for your support now and in the future. The information provided on this page is intended only for general information. Please consult with your tax advisor and/or your attorney for information specific to your own circumstances. Central New England Equine Rescue, Inc. are not attorneys and this information is no substitute for the advice of a licensed attorney in your state.