Leave a legacy

For many of us, helping horses is a lifetime pursuit. But what if you could ensure that this work continues, even after you’re gone? A bequest to a nonprofit organization can help you express your values beyond your lifetime. The easiest and simplest way to provide long term and meaningful support to Rainfall Ranch Rescue (RRR) is with a bequest.

Creating a bequest can be easier than you realize. Here are three simple ways that you can leave a gift for future RRR horses:

1) Make rainfall ranch rescue the beneficiary of a life insurance, annuity, IRA, or pension plan

You can name Rainfall Ranch Rescue as a beneficiary of your annuity or whole-life, term or employer-provided life insurance policy. Simply submit an updated beneficiary designation form to your life insurance agent or mail it directly to the life insurance company.

Similarly, you can include Rainfall Ranch Rescue as a beneficiary of your retirement plan, such as a traditional IRA or 401(k) account, simply by updating the beneficiary designation form, which can be obtained from the plan administrator. Naming Rainfall Ranch Rescue as beneficiary of your retirement plan eliminates income and estate taxes on that asset, so that upon your death, all of the remaining balance goes to support a cause you believe in.

Although forms will differ from one financial institution to the next, you will need the following information:

Beneficiary’s legal name: Rainfall Ranch Rescue
Beneficiary’s address: PO Box 408, Vaugh WA 98394
Beneficiary’s Tax ID number: 92-1262477
Beneficiary’s Date of Incorporation: December 1, 2022

Rainfall Ranch Rescue is tax exempt under section 501(c)(3) of the Internal Revenue Code and is a publicly supported organization under section 170(b)(1)(A).

2) Include SAFE in your will or living trust

Here is some sample language for a codicil to a will or an amendment to a living trust:

I give, devise, and bequeath (identify here the specific sum of money, the specific asset or the portion of the residual estate) to Rainfall Ranch Rescue (RRR) horse rescue, PO Box 408, Vaugh WA 98394, specifically to support the rescue, rehabilitation, and retraining of horses facing neglect, abuse, or cruelty.

If the Board of Directors of Rainfall Ranch Rescue determines that all or part of my gift is no longer needed, or for any reason cannot be used for the stated purpose, then they can determine an alternate designation, giving consideration to the original purposes described above.

As for how you designate the amount you want to bequeath, you have several options:

• A specific bequest in which you specify a certain amount of cash, securities, or property.

• A percentage bequest in which you give a stated percentage of your estate.

• A residual bequest in which you bequeath what remains of your estate after specific bequests have been distributed.

3) Make Rainfall ranch rescue a beneficiary of a bank or brokerage account

Payable-on-Death (POD) arrangement allows you to name Rainfall Ranch Rescue (RRR) as a beneficiary of your bank or credit union savings account, checking account or CD. A very similar arrangement, called a Transfer-on-Death (TOD) account, allows you to name Rainfall Ranch Rescue (RRR) as a beneficiary of your stocks, bonds and mutual funds. Upon your death, assets in POD and TOD accounts are passed to beneficiaries without going through probate.

If you have any questions, you are welcome to reach out to Rainfall Ranch Rescue’s Executive Director, Tiana Cooper at rainfallranchrescue@gmail.com or 253-331-5055. Please note that Rainfall Ranch Rescue (RRR) is not able to give out financial or tax advice. We are happy to work with you and your advisor.