Planned Giving

Leave a Legacy for New Mexico’s Horses
Including The Horse Shelter in your estate planning will create a lasting legacy. Your gift will help us fulfill and expand our mission to rescue, rehabilitate and rehome abused, abandoned and neglected horses throughout New Mexico.

Information needed to make The Horse Shelter a beneficiary: The Horse Shelter, FEIN 52 221 4286, 100 Old Cash Ranch Rd, Cerrillos, NM 87010.

Please find below some of the ways to leave your legacy. Laws, especially tax laws can change quickly and we cannot guarantee this information to be correct at the time you read it. We have compiled this list for informational purposes only and it should not be construed to be legal advise. Please always consult with your financial or legal advisors for their expert opinion and help in designing the best estate plan for your specific circumstances and needs.

Will & Testament
You can recognize The Horse Shelter by putting a bequest in your will or trust. This could be in form of a percentile of your estate, or a specific gift amount. This bequest can also help your heirs as the tax donation may offset any applicable estate taxes. Or you can design your will to leave a residuary will gift to The Horse Shelter. this means the money or property that is not identified in your will, the “left-over” property/assets will be given to The Horse Shelter after all other bequests and expenses have been paid.

Revocable Living Trust
Revocable living trusts give people much more control over the conditions of the trust, and therefore are one of the more popular trusts that are set up for charitable purposes. There are a number of benefits of a revocable living trust, including your ability to control the assets in the trust and changing the conditions of the trust. Income that is earned during the life of the trust can be designated to be paid to The Horse Shelter and other benefactors. The assets in the trust do not transfer to the beneficiaries until after death.

Charitable Remainder Trust
A charitable remainder trust is an irrevocable, tax-exempt trust. Assets placed in the trust can be designated to be paid to The Horse Shelter for a set number of years during your life (not to exceed 20 years). At the end of the fixed term or upon death, a specific amount designated by you is distributed to The Horse Shelter. The benefit of a charitable remainder trust is that there are no capital gains taxes on assets transferred to and sold through a charitable remainder trust.

Charitable Lead Trust
A charitable lead trust is similar to a charitable remainder trust in that a percentage of the assets in the trust are paid to The Horse Shelter over a designated number of years. The remainder of the amount is paid to your heirs. One benefit of a charitable lead trust is that the trust beneficiaries do not have to pay estate taxes on the remaining assets, and you obtain a discounted gift tax when transferring assets to the trust.

Retirement Assets
Retirement plans such as Individual Retirement Accounts are often required to pay income and estate taxes. There is an exception, however; if you are 70 and a half or older, you can transfer up to $100,000 out of your IRA to The Horse Shelter without paying income taxes or estate taxes on that amount. You can also use this donation as a charitable tax deduction. Another benefit of your gift means that these assets in your IRA will not be taxed upon your death. You can also make The Horse Shelter the beneficiary of your accounts.

Securities can be transferred through a broker directly to The Horse Shelter, but assets that are held for at least 366 days are qualified as long-term capital. The benefit of transferring the securities to The Horse Shelter is that the capital gains tax on appreciation is eliminated and the current market value of the securities can be deducted up to 30% of AGI (adjusted gross income) as a charitable contribution. Additionally, amounts exceeding the 30% can carry forward for up to five years.

Life Estate
Donating a gift of a home or land to The Horse Shelter ensures that you make a substantial, life-changing gift to The Horse Shelter while being able to keep the property during your lifetime and receiving a charitable tax deduction up front. The title does not transfer until either a specific date set by you or upon your death, so you are still responsible for the responsibilities (taxes, upkeep, etc.) of the house or land until that time.

Endowments are popular ways to donate to charitable organizations because the principal is not touched, meaning that the fund can last as long as the principal has worth. There is often a set amount of the income that comes in from the principal that is paid to The Horse Shelter. When you put an endowment bequest in your will or living trust for The Horse Shelter, you are creating a financial legacy that will be donated to The Horse Shelter in perpetuity.