News

Debunking common myths about planned giving

Aug 13, 2014
Target

Every gift to the Kiwanis International Foundation reaches children near and far. But a planned gift makes a positive impact on children’s lives, even beyond your own.  If you hear “planned giving” and think it’s for people older or wealthier than you—or that it’s all just too confusing—check out these common myths and the truth behind them:

Myth:
Planned gifts are complicated and confusing!
Fact: There are many ways to make a planned gift—you just need to find the one that best fulfills your goals. Yes, some planned gifts are complex, but others are very simple, like a bequest.

Myth: My 
estate has to be large to make an impact.
Fact: By including the Kiwanis International Foundation in your estate, you make an impact forever—and any amount makes a tremendous difference. One option for including a donation in your estate plan is to designate the remaining amount after other distributions are sent. (Or you might give a percentage of this remainder rather than a fixed amount.)

Myth: I'm t
oo young to think about making a will.
Fact: Planning your estate is an important step at any stage in your life. A simple meeting with a certified estate planner can help you ensure that your intentions are carried out, and it can help establish a plan to receive the best tax benefit for your assets.

Myth: Just le
aving money for 
charity in my will helps with my taxes.
Fact: Different assets can have significantly different tax implications on your estate. For instance, your retirement plan may still face taxes but cash resources may not. A certified estate planner can be a valuable partner for you in determining your strategy.

For more information, contact manager of major and planned giving Steve Hinson at shinson@kiwanis.org or +1-317-217-6234.