Planned Giving

AMC’s Mission & Your Legacy

Planned giving is an important component in the Animal Medical Center’s strategy to secure essential funding for our programs today and in the future. By making a planned gift, you can support AMC’s efforts, ensuring quality care, research, and education for years to come.

You can direct your gift toward any of our community funds or services and specialties, or plan to have it used wherever the need is greatest.

A woman sits on a chair in the waiting room with her happy dog

Planned giving lets you help shape AMC’s future while achieving your own personal, financial and estate planning goals. These gifts not only benefit AMC, but they can also greatly benefit you through tax savings. Depending upon the option you choose, you may receive cash payments that can supplement retirement income or provide support for family members or friends.

We would be happy to discuss the various giving options with you, but encourage you to seek the advice and guidance of your attorney, accountant, or other appropriate advisor. If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Learn More About The Ellin Prince Speyer Legacy Society

There are numerous ways to include AMC in your estate plans:

There are numerous ways to include AMC in your estate plans:

Select One:

Bequests

A bequest is a gift provision in your will or revocable living trust which enables your assets to be distributed to individuals and nonprofit organizations in amounts or proportions that you control. Any assets, including cash, securities, real estate and tangible personal property, may be transferred to AMC through your estate. A bequest offers many benefits, including:

  • The ability to make a major gift while preserving your assets during your lifetime
  • Retention of full ownership and use of your assets throughout your life
  • Flexibility: a bequest is not permanent and can be changed if your life circumstances change
  • Potential reduction in taxes payable by your estate
  • Ease of arrangement: your attorney can incorporate gift language as a part of the drafting process

Your bequest can be a specific amount, a specific asset, or a specific percentage of the remainder of your estate after all other obligations have been met.

If you are considering a bequest please feel free to use the provided sample bequest language, which may be of assistance to you and your attorney:

“I hereby give The Animal Medical Center, a New York charitable corporation, tax identification number 13-5505367, currently located at 510 East 62nd Street, New York, NY 10065, the following sum of: $_____, OR _____ percent (___%) of the residue of my estate, OR described property: _________________, to use where the need is greatest.”

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Beneficiary Designation Gifts

Retirement Assets

One of the most tax-wise ways to support the Animal Medical Center is through a gift of retirement assets – an IRA, 401(k) or other qualified plan. The benefit of this gift is its simplicity – you can control the transfer of these assets at your death without changing your will or living trust.

Retirement assets are considered ‘non-probate assets,’ and generally pass outside of the will or living trust. However, they are still considered to be a part of an individual’s estate and the fair market value of these assets, along with all other estate assets, will be subject to possible state and federal estate taxes. By designating the Animal Medical Center as a beneficiary of all or a portion of these assets, you can potentially avoid these taxes while simultaneously supporting AMC. In addition, the funds remain available to you should you ever need them.

The Animal Medical Center will also consider accepting gifts of tangible personal property (such as works of art, coin collections, rare books and jewelry) and residential or commercial property. You may also choose to designate your gift of property to AMC now and continue living in it for your lifetime.

If you would like to make this gift, simply complete a Beneficiary Designation Form provided by the IRA or your plan administrator.

 

Life Insurance

Another way to make a lasting gift to AMC is through your life insurance policy. You can either designate the Animal Medical Center as a beneficiary alone, or with a combination of family members. Simply complete and return to the insurance company a form designating that the Animal Medical Center will receive all or a portion of the death benefits associated with your policy.

In addition to naming the AMC as the beneficiary, you can also transfer ownership of the policy, which provides you with an income tax charitable deduction in the year the gift was made.

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Life Income Gifts

Charitable Gift Annuity

If you have the desire to give but still have the need to retain income, a gift annuity is a very common and easy way to donate to AMC while doing so. It is a straightforward contract in which you donate assets in exchange for guaranteed, fixed payments to you and/or another person for life. What is left of the remainder from the annuity will benefit AMC, helping to support our work and mission.

 

Charitable Remainder Trust

Like a charitable gift annuity, with a charitable remainder trust you make a gift and receive lifetime income. But because it is a tax-exempt entity, capital gains tax is avoided when appreciated assets are transferred to the trust and when they are sold by the trust. As a result, the full market value of the asset is put to work first for you and ultimately for AMC. In addition, you receive an income tax charitable deduction for a portion of the trust funding amount, which can be used immediately to save on income taxes.

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Bequests

A bequest is a gift provision in your will or revocable living trust which enables your assets to be distributed to individuals and nonprofit organizations in amounts or proportions that you control. Any assets, including cash, securities, real estate and tangible personal property, may be transferred to AMC through your estate. A bequest offers many benefits, including:

  • The ability to make a major gift while preserving your assets during your lifetime
  • Retention of full ownership and use of your assets throughout your life
  • Flexibility: a bequest is not permanent and can be changed if your life circumstances change
  • Potential reduction in taxes payable by your estate
  • Ease of arrangement: your attorney can incorporate gift language as a part of the drafting process

Your bequest can be a specific amount, a specific asset, or a specific percentage of the remainder of your estate after all other obligations have been met.

If you are considering a bequest please feel free to use the provided sample bequest language, which may be of assistance to you and your attorney:

“I hereby give The Animal Medical Center, a New York charitable corporation, tax identification number 13-5505367, currently located at 510 East 62nd Street, New York, NY 10065, the following sum of: $_____, OR _____ percent (___%) of the residue of my estate, OR described property: _________________, to use where the need is greatest.”

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Beneficiary Designation Gifts

Retirement Assets

One of the most tax-wise ways to support the Animal Medical Center is through a gift of retirement assets – an IRA, 401(k) or other qualified plan. The benefit of this gift is its simplicity – you can control the transfer of these assets at your death without changing your will or living trust.

Retirement assets are considered ‘non-probate assets,’ and generally pass outside of the will or living trust. However, they are still considered to be a part of an individual’s estate and the fair market value of these assets, along with all other estate assets, will be subject to possible state and federal estate taxes. By designating the Animal Medical Center as a beneficiary of all or a portion of these assets, you can potentially avoid these taxes while simultaneously supporting AMC. In addition, the funds remain available to you should you ever need them.

The Animal Medical Center will also consider accepting gifts of tangible personal property (such as works of art, coin collections, rare books and jewelry) and residential or commercial property. You may also choose to designate your gift of property to AMC now and continue living in it for your lifetime.

If you would like to make this gift, simply complete a Beneficiary Designation Form provided by the IRA or your plan administrator.

 

Life Insurance

Another way to make a lasting gift to AMC is through your life insurance policy. You can either designate the Animal Medical Center as a beneficiary alone, or with a combination of family members. Simply complete and return to the insurance company a form designating that the Animal Medical Center will receive all or a portion of the death benefits associated with your policy.

In addition to naming the AMC as the beneficiary, you can also transfer ownership of the policy, which provides you with an income tax charitable deduction in the year the gift was made.

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

Life Income Gifts

Charitable Gift Annuity

If you have the desire to give but still have the need to retain income, a gift annuity is a very common and easy way to donate to AMC while doing so. It is a straightforward contract in which you donate assets in exchange for guaranteed, fixed payments to you and/or another person for life. What is left of the remainder from the annuity will benefit AMC, helping to support our work and mission.

 

Charitable Remainder Trust

Like a charitable gift annuity, with a charitable remainder trust you make a gift and receive lifetime income. But because it is a tax-exempt entity, capital gains tax is avoided when appreciated assets are transferred to the trust and when they are sold by the trust. As a result, the full market value of the asset is put to work first for you and ultimately for AMC. In addition, you receive an income tax charitable deduction for a portion of the trust funding amount, which can be used immediately to save on income taxes.

If you have already named the Animal Medical Center as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.