Planned giving is for everyone, regardless of how much you plan to give. It’s a way to recognize an organization that is meaningful and a way to support its mission into the future. A bequest to Friends of Oakland Animal Services is a lasting gift for Oakland’s homeless animals.
Making a bequest can be as simple as naming “Friends of Oakland Animal Services (tax ID# 20-4053711) or its successor” as a beneficiary in your will, estate plan, insurance policy, brokerage, bank account, or retirement account.
You may be able to update your beneficiaries if you have online access to your account, or contact your financial advisor for the proper forms.
You can specify either a specific dollar amount or a percentage of your estate or account to go to Friends of Oakland Animal Services “for its unrestricted charitable use and purpose.”
If you have made Friends of Oakland Animal Services a beneficiary of your planned giving, please let us know; we’d like to be able to thank you and keep in touch!
To learn more about bequests, charitable remainders, trusts, and other vehicles for leaving a legacy gift relative to your personal finances we suggest that you speak with a professional estate planner and your personal financial advisor.
If you have any questions specific to Friends of Oakland Animal Services or wish to inform us that you have included Friends of Oakland Animal Services in your estate plans, please don’t hesitate to reach out to .
We are truly grateful for your legacy gift. Such gifts provide a strong financial base that helps us fulfill our mission.
If you’ve been putting money into an IRA or 401(k) account over the years and are now 70-½ years old*, you may be required to withdraw a certain amount of money out of your retirement account each year (“Required Minimum Distribution” or RMD), or pay a stiff penalty.
(* Covid-related legislation has changed that rule to age 72, or 70½ if the taxpayer reached 70½ before January 1, 2020. Please verify with your tax advisor.)
For those in the position of not needing that distribution to fund your everyday living expenses, you can have your RMD go directly to FOAS and avoid being taxed on the distribution amount.
Depending on your tax bracket, this can be a significant savings, and it does not require itemizing deductions.
If you are between 59-½ and 70-½, you may still be able to have distributions from your retirement account sent directly to FOAS without incurring any taxes.
Donations should be directed to:
Friends of Oakland Animal Services,
Tax ID#: 20-4053711,
P.O. Box 3132,
Oakland, CA 94609
Everybody’s situation is different, and not all retirement accounts qualify! We strongly encourage you to speak with your financial advisor first. They can typically send the payment directly to FOAS, meeting your RMD requirement, and sparing you taxation.
If you have any questions specific to Friends of Oakland Animal Services or wish to inform us that you are directing a retirement distribution to Friends of Oakland Animal Services, please don’t hesitate to reach out to .