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Planned Giving

Planned Gifts provide opportunities for people to contribute significant gifts to the Kentucky Pediatric Society Foundation, while protecting their estate for children and heirs.

If you are interested in further information please contact Mary York, Executive Director at (502) 875-2205 or email to maryyork@kyaap.org.

Bequests
Bequests allow donors to make substantial gifts that they may not have been able to make during their lifetimes. Through your Will, you can designate a percentage of your assets by bequest to benefit the Kentucky Pediatric Society Foundation. Due to the estate-tax deduction, a donor can greatly reduce the tax burden of their estate. If you are interested in sample language to use to make a bequest in your Will, please contact Mary York, our Executive Director. Her contact information is listed above.

Charitable Annuities
Charitable Annuities allow a donor to make a large gift to the Kentucky Pediatric Society Foundation while still providing for his or her personal financial needs. These plans are attractive since they offer tax benefits and may increase cash flow to the donor or other beneficiary. They include such plans as Charitable Remainder Trusts, Charitable Remainder Annuity Trusts and Charitable Lead Trusts.

Charitable Remainder Trusts

If you are locked in to highly appreciated, low-yield assets, transferring your assets to a Charitable Remainder Annuity Trust will pay a set income to you, or those you name, before the Kentucky Pediatric Society Foundation receives the remainder. You will receive income tax saving, no capital gains tax liability and possible estate tax savings.

Charitable Remainder Annuity

A charitable gift annuity combines an investment with a gift. In return for the gift, the Kentucky Pediatric Society Foundation agrees to pay you back a percentage of your gift annually for your lifetime. You receive an immediate income tax deduction for part of the gift’s value, with capital gains spread out over life expectancy. This gives you and/or another beneficiary a set income for life.

Charitable Lead Trusts

A Charitable Lead Trust would pay an income to the Kentucky Pediatric Society Foundation for a period of years before you or your heirs would receive the remainder. You receive gift or estate tax savings for the value of payments made to the Kentucky Pediatric Society Foundation. This allows you to pass assets to heirs intact and at a reduced cost.

Life Insurance
Gifts of Life Insurance to the Kentucky Pediatric Society Foundation can create significant charitable deductions for the donor’s estate. You can make the Foundation the owner, beneficiary, or co-beneficiary of a life insurance policy.

Real Estate
A gift to the Kentucky Pediatric Society Foundation of remainder interest in a personal residence or property can provide you with a charitable deduction for the current value of the remainder interest and allows the donor to avoid paying any capital gain tax on the appreciation.

Retained Life Estate

You can make a donation of real property, either in full or with a Retained Life Estate. You will receive immediate income tax deduction for the charitable value of the gift, plus avoid capital gains tax due.

If you desire to make a gift of your personal residence to the Kentucky Pediatric Society Foundation  you and your spouse can retain the right to live there for the rest of your lives

NOTE: The above information on planned giving is not intended to replace any legal or tax advice. Please consult with your professional advisor when considering making a charitable planned gift.

Retirement Plans

You may have built wealth in your 401(k), IRA’s and other retirement plans. If a non-spouse is the beneficiary of a retirement plan, these assets may be subject to both estate and income taxes. In addition, your retirement dollars may be exposed to generation skipping transfer taxes before reaching the non-spousal beneficiary. Such taxes also apply if you are unmarried. To avoid this, the best way to donate may be from your retirement plan which preserves the plan’s value and allows you to leave heirs less costly bequests.

Pledged Gifts
Donors may make pledges payable over a period of time. Pledges can be monthly, quarterly, semi-annually or annually. Reminder notices can be sent to you, upon your request. If you are interested in making a pledge, please call the office 502-875-2205.

Why should you make a planned gift?

If your goal is to:

Then you can:

Your benefits are:

Help the Kentucky Pediatric Society Foundation right now Simply write a check to Kentucky Pediatric Society Foundation Your gift has immediate impact and you receive an immediate income tax deduction
Save on estate taxes and provide for family first Establish a living trust or will You create a legacy of caring regardless of your financial situation
Make a large gift with little cost to yourself or make a gift larger than you can currently make Gift a new or continued life insurance policy to Kentucky Pediatric Society Foundation Immediate income tax savings plus receive possible estate tax savings
Avoid two-fold taxation on retirement benefits Name Kentucky Pediatric Society Foundation as beneficiary of your retirement assets You can leave your family other assets that have less tax liability
Give a gift of real property Establish a Retained Life Estate Immediate income tax deduction plus you avoid capital gains tax due.
Secure a set income for life for you and/or another beneficiary Create a Charitable Gift Annuity Immediate income tax deduction with capital gains spread out over life expectancy
Receive income tax savings, no capital gains tax liability and possible estate tax savings Establish a Charitable Remainder Trust Receive a set or variable income to you or those you name. Pass assets to heirs intact or at a reduced cost