Trends in philanthropy show that more and more givers are opting for planned gifts to the non-profit charities they support.Â Through planned gifts, donors arrange future gifts to an organization.
Here are some examples:
- Gifts by Will (Bequests):Â Gifts associated with a will and the final distribution of an estate offer a great deal of potential. A bequest, or gift by will, is an attractive option when a donor is currently unable to make an outright gift, but wishes to make a meaningful contribution to KJOL. A specific bequest involves donating a set amount or percentage of assets from an estate.Â Residual bequests are left after all debts, expenses, and taxes have been paid from an estate.
- Annuities:Â A gift annuity supports both you and us. It is a practical plan that supports your living needs by providing you with a regular return on your gift to the ministry of KJOL.
- Trusts: A trust is similar to an annuity in that it provides you with a regular return on your gift to our ministries. There are multiple variations of trusts, and we will be happy to direct you to someone who will help you understand your options.
- Life Insurance: You can purchase a life insurance policy in which you name United Ministries as the owner of the policy in support of our ministry. Premiums of this type of policy are tax deductible.
Depending on the nature of your gift, you can potentially reduce income or estate taxes, avoid capital gains taxes, or receive an income, among other benefits. You may contact Ken Andrews at (970) 254-5565 or send him an email for more information on these options.