Gifts from a Will or Trust

How It Works

• Include a bequest to the Bradenton Kiwanis Foundation, Inc. in your will or trust.
• Indicate a specific amount or a percentage of the balance remaining in your estate or trust.
• Please consult with your legal advisor.

Please remember the Bradenton Kiwanis Foundation in your estate plans.

• A residual bequest comes to us after your estate expenses and specific bequests are paid:
• I give and devise to the Bradenton Kiwanis Foundation, Inc. located in Bradenton, FL, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support.

Naming the Bradenton Kiwanis Foundation, Inc. as a beneficiary of a specific amount from your estate is easy:

• I give and devise to the Bradenton Kiwanis Foundation, Inc. located in Bradenton, FL, the sum of $_________(or asset) to be used for its general support.

The Bradenton Kiwanis Foundation, Inc. can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

• If (insert name) is not living at the time of my demise, I give and devise to the Bradenton Kiwanis Foundation, Inc. located in Bradenton, FL, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support.

You may name the Bradenton Kiwanis Foundation, Inc. as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming the Bradenton Kiwanis Foundation, Inc. as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of substantial tax consequences. By naming the Bradenton Kiwanis Foundation, Inc. as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support the Bradenton Kiwanis Foundation, Inc. free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy. Simply request a change-of-beneficiary form from your plan administrator.

How It Works

• You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to the Bradenton Kiwanis Foundation, Inc.
• The Foundation sells your securities and uses the proceeds to provide support.
• Please contact Roland Emerton, Development Director, at 941-779-8786 or email roland.emerton@yahoo.com to facilitate your transaction.

Benefits

• You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
• You pay no capital gains tax on the transfer when the stock is sold.
• Giving appreciated stock can be more beneficial than giving cash. The "cost" of your gift is often less than the deduction you gain by making it.

How It Works

• You transfer ownership of a paid-up life insurance policy to the Bradenton Kiwanis Foundation.
• The Bradenton Kiwanis Foundation elects to cash in the policy now or hold it.

Benefits

• You make a gift using an asset that you and your family no longer need.
• You receive an income tax deduction equal to the cash surrender value of the policy.
• You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.

How It Works

• You deed your home, vacation home, undeveloped property, or commercial building to the Bradenton Kiwanis Foundation, Inc.
• You may continue to use the property rent-free, and then ownership passes to the Foundation when you no longer need it.
• Bradenton Kiwanis Foundation, Inc. may use the property or sell it and use the proceeds. roland.emerton@yahoo.com to facilitate your transaction.

Benefits

• You receive an income tax deduction for the fair market value of the real estate.
• You pay no capital gains tax on the transfer.

How It Works

• You transfer a valuable painting, antique, or other personal property to Bradenton Kiwanis Foundation, Inc.
• The Foundation may hold and display the property or use it in the furtherance of its mission.
• The Foundation may sell the property at some point in the future and use the proceeds for its mission.

Benefits

• You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by the Foundation to carry out its mission.
• In certain cases, you can use personal property to fund a life income gift that provides you and/or other loved ones with an income now and benefits the Foundation in the future.
• Without using cash, you can make a gift that is immediately beneficial to the Foundation.

How It Works

• You transfer cash, securities, or other appreciated property into a trust. The required minimum for this type of gift is $100,000.
• The trust pays a percentage of the value of its principal, which is valued annually, to you or beneficiaries you name.
• When the trust terminates, the remainder passes to the Bradenton Kiwanis Foundation, Inc.

Benefits

• Receive income for life or a term of years in return for your gift.
• Receive an immediate income tax deduction for a portion of your contribution.
• Pay no upfront capital gains tax on appreciated assets you give.
• You can make additional gifts to the trust as your circumstances allow for additional income and tax benefits.

How It Works

• You contribute securities or other appreciating assets to a Charitable Lead Trust. Our suggested minimum gift is $100,000.
• The trust makes annual payments to Bradenton Kiwanis Foundation for a period of time.
• When the trust terminates, the remaining principal is paid to your heirs.

Benefits

• Income payments to Bradenton Kiwanis Foundation for a term reduce the ultimate tax cost of transferring an asset to your heirs.
• The amount and term of the payments to the Foundation can be set so as to reduce or even eliminate transfer taxes due when the principal reverts to your heirs.
• All appreciation that takes place in the trust goes tax-free to the individuals named in your trust.

How It Works

• You transfer the title to your residence, farm, or vacation home to Bradenton Kiwanis Foundation, Inc. and live there for the rest of your life.
• You continue to live in the property for life or a specified term of years, and you continue to be responsible for all taxes and upkeep.
• The property passes to the Foundation when your life estate ends.

Benefits

• You can give us a significant asset and retain the security of using your property for the rest of your life.
• You receive an immediate income tax deduction for a portion of the appraised value of your property.
• You can terminate your life estate at any time and may receive an additional income tax deduction OR you and the Foundation may jointly decide to sell the property and prorate the sale proceeds.

Questions? We would be pleased to discuss the various options you have in making your contribution. Please talk with your attorney or financial advisor to guide you in selecting the best way to make a gift that fulfills your needs.
Contact Roland Emerton, Development Director, at 941-779-8786 or email roland.emerton@yahoo.com for a confidential discussion.