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Kansas Heritage Circle

What are some ways to make a planned gift?

Planned gifts provide you, as a donor, with another way to leave a legacy of support for our Kansas history.  An appropriately planned charitable gift to the Kansas Historical Foundation not only helps care for the heritage of Kansas, but it can provide significant estate planning rewards for you as well.

There are several ways to create a planned gift. You should consult with a financial adviser or estate planning professional to select a planned gift that balances your individual needs and wishes, as well as your personal circumstances and interest in the Kansas Historical Foundation.

Listed below are some ways your planned gift can make a significant impact and show how you deeply care for our heritage:

Give an outright gift of assets during your lifetime.

Gifts of cash are the most common method. Gifts are deductible up to 50 percent of your adjusted gross income (AGI). Gifts of appreciated stocks; mutual funds and other securities can have an immediate benefit for the Kansas Historical Foundation and provide ideal tax savings for the donor. Charitable gifts made from appreciated securities held for at least one year and one day provide two tax savings, i.e., a charitable deduction and avoidance of capital gains tax.

Give by making a bequest in a will.

Naming the the Kansas Historical Foundation in your will is one of the simplest ways to make a lasting charitable gift. Bequests may be in the form of a stated dollar amount, a percentage of an estate, a particular piece of property, or the residual of the estate. (*See box for sample bequest language.)

*Sample Bequest Language
I________(your name) of ________ (city, state and zip code) give and bequeath_______ (written amount or percentage of the estate or description of property or residue of estate) to the Kansas Historical Foundation a Kansas not-for-profit organization (FEIN #48-6102800) located at 6425 SW 6th Avenue, Topeka KS, to be held as an unrestricted gift and administered under the policies determined by the board of directors of the Kansas Historical Foundation.

Give through your retirement plan.

You may name the Kansas Historical Foundation as the beneficiary of a portion of your IRA, 401(k) or other retirement plan. This vehicle is a popular planned gift option, as assets from an IRA that are passed to a surviving beneficiary are subject to income taxes. Charitable gifts made from a retirement plan are deductible for estate tax purposes, so that one's heirs avoid income tax on the amount that is gifted to charity.

Designate life insurance proceeds.

Life insurance is another simple way to make an enduring gift while realizing significant tax benefits. For example, you can name the Kansas Historical Foundation the beneficiary of an existing policy, or of a paid-up policy you already own. Or if you prefer, you could name the Kansas Historical Foundation the owner of a new policy, and your premium payments will be tax deductible.

Design a trust-based contribution.

Under a charitable remainder trust, a percentage of the earnings from assets under trust are paid as income to you and your beneficiaries. Upon the death of the last beneficiary, the principal goes to the Kansas Historical Foundation.  In a charitable lead trust, assets are placed in a trust for a specified period of time. The Kansas Historical Foundation receives a percentage of the income earned over this time period, after which the principal is transferred to your beneficiaries.

Gifts of real estate, personal property, and royalties.

The Kansas Historical Foundation will consider gifts of real estate, personal property, and royalties.  Acceptance will depend on the property’s condition, debt, environmental status, and marketability. Please contact the Kansas Historical Foundation for further information.

Please join us in the Kansas Heritage Circle …a legacy to Kansas history. Contact Vicky Henley, 785-272-8681, ext. 201; vhenley@kshs.org.