Commitment, dedication, caring beyond a lifetime...
No act of kindness, no matter how small, is ever wasted.
As the orangutans and chimpanzees cared for by the Center for Great Apes (aka Center for Orangutan & Chimpanzee Conservation, Inc. ) have a potential lifespan of over 50 years, careful planning and thoughtful giving will help to secure their future. There are several ways those who wish to contribute can support the Center and at the same time receive substantial deductions for income and estate tax purposes. The Center for Orangutan & Chimpanzee Conservation is an IRS designated 501(c)(3) charitable organization.
Donations of Appreciated Stock
Rather than making a gift of cash, a donation of highly appreciated stock benefits both the donor and the Center. Normally, at the time of sale of such stock, a capital gains tax would be required to be paid on the sale. However, by making a contribution of appreciated stock, the donor would receive a charitable deduction on the transfer. Then, since the Center is a public charity, it would not recognize tax on the sale of the stock, and the full value of the stock can be used to support the Center’s care activities.
Donations Under a Will or a Trust
Some members have also told us that they’d like to provide a substantial donation to the Center but need to maintain control of their assets during their lifetimes. In these cases, they can provide for the care of the Center’s primates in their wills or in trusts. (Over 70% of Americans do not have wills.) It’s never too early or too late to plan an estate. When you do, we hope you will remember this project. The Center can only receive a donation from an estate if it is specifically named in the estate planning documents.
Charitable Trusts and Private Foundations
Another method of benefiting the Center would be through the establishment of a charitable trust or a private foundation. Charitable Lead Trusts and Charitable Remainder Trusts are advanced forms of estate planning, which can provide substantial benefits to both the donor and the Center.
A special fund has been set up for the specific purpose of building an endowment for the future care of the orangutans and chimpanzees at the sanctuary who might live another 50 years or more. Any donations of money or stock can be specifically directed by the donor to be held in the Center’s endowment fund. These monies will not be touched for operations, but will grow in the endowment account and provide interest funds for future care of our resident great apes. To support 40+ great apes for the duration of their lives, more than $10 million is needed in the endowment fund!
For more information about any of these options, please contact the Legacy & Planned Giving Society at Legacy@CenterforGreatApes.org or call the Center at: 863-767-8903.