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Do you want to touch the future of families? You can make a difference in the future by planning ahead now. The Family Conservancy contracts with The Greater Kansas City Community Foundation & Affiliated Trusts in Kansas City, Missouri to invest and manage planned gifts made to the organization. Consult with your legal and/or tax advisor or fund custodian to implement any of the following planned giving strategies: Bequest through a will or trust
One of the easiest and most popular ways to make a planned gift is through your will or trust. You may give a specific amount, a percentage of your estate, or the remainder of your estate. View several options and examples of bequest language. Back to Top Retirement Accounts and Pension Plans
Donating assets from your retirement or pension plan (e.g., your IRA, 401(k) or other retirement account) to a not-for-profit organization has several benefits. The proceeds are free from income (federal and state) and estate taxes which can reduce its value to your heirs. You can also make a chairtable gift by creating a charitable trust funded by an IRA or other retirement account. To donate retirement assets, simply contact the fund custodian for the forms necessary to designate The Family Conservancy as your beneficiary. Back to Top CDs, savings, securities, stock, checking accounts, etc. with Payable on Death (POD) provisions
You retain full ownership of the account or asset until your death, at which time the balance is given to your named beneficiary, which can be a not-for-profit such as The Family Conservancy, immediately and without probate. Appreciated stock (held over one year) makes an excellent charitable gift. An individual who contributes stock to The Family Conservancy benefits by: 1) Claiming the current market value of the securities as a tax-deductible contribution 2) Avoiding capital gains tax on the profit from the sale of securities How this works Back to Top Charitable Gift Annuity
If a stable and predictable annual income from your charitable gift is important or useful to you, then a Gift Annuity may be an effective way for you to make a planned gift. In exchange for your irrevocable gift ofcash, stock or other approved asset, The Family Conservancy guarantees you or a beneficiary a fixed income for life. The income recipient can be the donor and/or spouse, or other designated individual. In addition, you receive a sizeable tax deduction in the year the gift is made and part of the annual payment is tax-deductible. Upon your death, the remainder of the gift benefits The Family Conservancy. Payout rates are determined by age of the donor. Back to Top Charitable Remainder Trust (CRT)
A CRT is an irrevocable trust that produces either a fixed or fluctuating income for life or a term of years that the donor specifies. This option is especially designed for substantial gifts. A variety of types of trusts are available to suit verying donor needs or desires. This kind of trust is often referred to as split interest trusts, Charitable Remainder Annuity Trusts (CRATs) or Charitable Remainder Unitrusts (CRUTs). Back to Top Life Insurance
This is another very simple way to make a substantial future gift that may not be possible at teh same level in cash. You can name The Family Conservancy as the primary, secondary or residual beneficiary of a policy, or you can donate the policy and pay the annual premium, which offers you certain tax benefits. Furthermore, if you make the agency the owner and sole beneficiary of your policy, you can report annual premiums or the cash value of a paid-up policy as a charitable deduction in the year of the gift. Back to Top Real Estate
The gift of land, a house or vacation home provides you with a tax deduction for the full market value of the property. You also avoid capital gains tax and remove the asset from future estate taxes. One option many donors prefer is to give real estate, retaining a life tenancy. By deeding the property to The Family Conservancy now, you receive a sizeable tax deduction, but you continue to live on the property as usual and receive any income it may generate. Upon your death, the property is sold and the proceeds used to support the mission and programs of The Family Conservancy. You should consult with your legal and/or tax advisor or fund custodian to implement any of these strategies. Contact Rochelle Parker for more information or by phone 913-742-4144. Back to Top
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