You can play an important role in improving the welfare of animals in our community by making a gift of a life insurance policy or retirement account to AWA.
Both life insurance and retirement accounts can be used to make a charitable gift to AWA. By using either of these methods, you can make a larger gift than an outright cash gift. Most often, you can make the gift with no or little loss of income and also receive a substantial tax deduction.
Over time, circumstances in your life may change and reasons you purchased insurance or saved for retirement may change. If you have coverage you no longer need, you may consider contributing a fully paid “whole life” insurance policy to AWA by making us your primary or secondary beneficiary. This doesn’t provide an upfront tax deduction because it is revocable. If you want to provide income from your retirement account for a spouse or another beneficiary, you can direct that the proceeds from the plan fund a charitable gift. In this instance, the estate will be taxed but receives a credit for the contribution.