Charitable Bequest
This is a provision in your Will or Trust and directs a gift to be made to Youth Entrepreneurs of Kansas, Inc. when you pass away. This gift will enable you to further your generosity long after you are gone. This gift will also help you save estate taxes by providing your estate with a charitable deduction for the value of the gift.
Retirement plans
Benefits from your employer, a rollover IRA, or other retirement plan
may comprise a substantial part of your estate. After your lifetime, these benefits will be paid to the beneficiaries you have designated in the plan. Youth Entrepreneurs of Kansas, Inc. can be named as a beneficiary.
Life insurance
The proceeds are payable to the beneficiaries you’ve named under the options you selected in your policies or subsequent endorsements. Youth Entrepreneurs of Kansas, Inc. can be named as a beneficiary.
Charitable Remainder Trust (CRT)
An irrevocable trust that pays a specified annual amount to one or more people for a fixed period of years (often the life of the individual). At the end of the term of the trust, the remaining trust assets are distributed to the charity. A charitable remainder annuity trust provides a fixed payment; a charitable remainder unitrust pays out a fixed percentage of the trust value each year.
Charitable Gift Annuity
This is an irrevocable transfer of property (e.g., cash, securities) in exchange for a contract to pay the donor or the donor’s designee an annuity for life. Because the value of the property exceeds the value of the annuity, it is partially a gift to the institution.
Gifts of appreciated stocks or bonds
You can contribute long-term appreciated securities to Youth Entrepreneurs of Kansas, Inc. (for instance, stocks or bonds held for over a year) and get a two-fold income tax benefit: a charitable deduction for the full present fair market value, and no capital gains tax on the appreciation.
Gifts of real estate
Real property that has been held long-term makes an excellent charitable contribution and promises you several advantages. You obtain an income tax charitable deduction equal to the property’s full fair market value (if held long-term) instead of the lower cost basis. You avoid capital gains tax on the property’s appreciation. The transfer isn’t subject to the gift tax, and it reduces your taxable estate. You avoid the unpleasant responsibility of selling the property. And the gift frees cash that otherwise would have been used to pay for taxes and upkeep. If you like these benefits but also would like to continue living in your home, you can give us your home but enjoy its use for life by setting up a retained life estate.