FUTURE LEADERS Planning your gifts to benefit

BY LORI ROGGE, PLANNED GIVING

Planned giving is a form of philanthropy that involves making a gift to the Kansas 4-H Foundation in a strategic and thoughtful way. It is a way for individuals to leave a lasting legacy that will benefit future generations while also providing tax benefits and financial planning advantages.

There are many different ways to make a planned gift, including bequests, charitable trusts, life insurance policies, real estate, grain or stocks transfers (which are planned gifts, yet gifted today) to name a few. Planned giving is simply mindful and can be made today or deferred to a later date. Each of these methods has its own unique benefits, and it is important to consult with a financial advisor, tax consultant or estate planning attorney to determine which method is best for your individual situation.

One of the most common forms of planned giving is a bequest, which is a gift made through a will or living trust. Bequests can take the form of a specific dollar amount, a percentage of an estate, or a specific asset, such as real estate or stocks Bequests are an excellent way to support Kansas 4-H Foundation while also maintaining control over your assets during your lifetime.

Charitable trusts are another popular form of planned giving, and they come in two main types: charitable remainder trusts and charitable lead trusts. Charitable remainder trusts provide income to a donor or other beneficiaries for a set period of time before the remainder of the trust is donated to Kansas 4-H Foundation. Charitable lead trusts, on the other hand, provide income to the Kansas 4-H Foundation for a set period of time before the trust assets are passed on to the donor or other beneficiaries.

Finally, life insurance policies can also be used for planned giving purposes. Donors can name a charity as the beneficiary of a life insurance policy, providing a significant gift that will benefit the organization for years to come.

Planned giving is an excellent way to support causes that are important to you while also providing significant tax and financial benefits. There are many different methods of planned giving, each with its own unique advantages, and it is important to consult with a professional advisor to determine which method is best for your individual situation. With careful planning and consideration, you can create a lasting legacy that will benefit future generations for years to come.

If you want to learn more about planned giving, please email Lori at lori@ks4h.org or call the Foundation office at 785-775-0123.