Planned Giving represents an opportunity for your legacy to be interwoven with The Kennedy Collective’s fabric, and provide the funding necessary to help us continue to shine a light on those living with disabilities.
Planned or legacy giving is an increasingly popular way that individuals make charitable gifts to The Kennedy Collective. There are a variety of plans designed to ensure a gift to The Kennedy Collective will be put to the best possible use while also fitting your financial needs and objectives.
The Benefits of Planned Giving
With Planned Giving, you can obtain some or all of the following benefits:
- Reduce income tax through a deduction for the gift
- Avoid capital gain tax on the gifts of long-term appreciated property
- Retain a stream of payments for life for the donor and other beneficiaries
- Increase disposable income
- Eliminate federal estate tax on property passing to charity upon donor’s death
- Reduce cost and time in estate settlement
Planned Giving Methods
Including The Kennedy Collective in your will may allow you to make a more significant contribution than is possible during your lifetime — with the added peace of mind that comes from knowing your estate dollars will have maximum impact in helping people with disabilities.
Life Insurance is an excellent tool for making charitable gifts to The Kennedy Collective. This sizeable gift can be made without impairing or diluting the control of a family business or other investments, and assets earmarked for family members can be kept intact.
Charitable Gift Annuity
With a Charitable Gift Annuity, you transfer assets to The Kennedy Collective in return for our promise to pay a specific annuity amount to you (and/or to another person) for life. There are two basic types of Charitable Gift Annuities: Immediate Gift Annuities and Deferred Gift Annuities.
By naming The Kennedy Collective as the beneficiary of the remainder of your retirement plan, 100 percent of the plan’s balance is available for the organization's use, since the distribution avoids both income and estate taxes.
Charitable Lead Trust
If you are looking to make a substantial gift to The Kennedy Collective over a period of years, own an income-producing asset that is appreciating, and want to ensure that those particular assets will ultimately pass to your loved ones, a Charitable Lead Trust may be best for you.
An outright gift of Appreciated Stock enables you to obtain substantial tax benefits, such as an income tax deduction equal to the full fair market value of the stock on the date of the gift. When the stock is sold, no capital gains tax is due – which means the full value of your gift will support our work.
Charitable Remainder Trusts
A Charitable Remainder Trust allows you to contribute to The Kennedy Collective while providing income for yourself and/or another person. You – or someone you designate as a beneficiary – will receive income payments for life or up to 20 years.
Gifts of Real Estate provide many benefits: charitable deductions, capital gain avoidance, gift and estate tax reductions, diversification, and lifetime income with professional management. In addition, you can create a divestiture strategy without undue pressure, expense, or anxiety.
Start the Planned Giving Process Now
Contact our Director of Development and Donor Relations
Phone: 203.365.8522 ext. 2084
Email: [email protected]
We encourage you to consult with your own tax and legal advisors regarding the tax implications of particular gifts.