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Vickie and Gaylord Smith Working to Achieve a "Forever" Goal

Gaylord and Vickie SmithReconnecting stray pets with their owners, and finding "forever homes" for abandoned animals (or those who never knew an owner) has been Vickie Smith's lifelong passion.

Vickie estimates she has rescued hundreds of animals with the help of her husband, Gaylord.

"We welcome them into our home, calm them down and hopefully find contact info so we can reconnect them with their owners," Vickie says. "Everyone is happy!"

The Smiths' adopted their three cats with the help of the Humane Society of the Pikes Peak Region. LT, now 15 years old, came to the Humane Society when someone found him crying in a dumpster. Diego, 2 years old, got his new start while living at the Humane Society. Mick arrived Aug. 29, 2010. He was born to a beautiful tabby found pregnant and abandoned in an empty apartment. Vickie and Gaylord also found "forever homes" for Mick's mom and four siblings.

"Animals have always been very important to me," Vickie explains, adding: "Gaylord and I have no children, so our pets are our children."

Help for Future Neglected Animals
Since 2003, Vickie has volunteered her fundraising talents, chairing the gala FUR~R~R Ball and the family-oriented Pawtoberfest.

She and Gaylord also recently established planned gifts, ensuring their support retains a "forever" quality. Vickie's entire estate, and the vast majority of Gaylord's estate, will be donated to the Humane Society, ensuring a better life for future neglected animals.

"I believe that we have to take care of our animals, and that society is judged that way," Vickie says. "Animal problems are created by humans who don't care for them. There are many different ways for people to help."

"Vickie and Gaylord have been steadfast supporters for many years," says Jan McHugh-Smith, Humane Society President & CEO. "Their efforts-from opening their home to lost and abandoned animals and volunteering for major events, to providing financial support and serving as Humane Society advocates-have helped the Humane Society save many more lives."

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A charitable bequest is one or two sentences in your will or living trust that leave to the Humane Society of the Pikes Peak Region a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the Humane Society of the Pikes Peak Region, a nonprofit corporation currently located at 610 Abbot Lane, Colorado Springs, CO 80905, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

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tax on gifts generally paid by the person making the gift rather than the recipient

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the price a willing buyer and willing seller can agree on

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the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to HSPPR or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

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You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to HSPPR as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to HSPPR as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and HSPPR where you agree to make a gift to HSPPR and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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