News

Planning your Kiwanis legacy

Dec 10, 2016
During the 2016 Kiwanis International convention in Toronto, Ontario, Ann Updegraff Spleth hosted an educational workshop on planned giving. For the Kiwanis Children’s Fund, it was a great way to reach Kiwanians on an important topic. And it remains timely.

If you have discussed planned gifts with fellow Kiwanians, you may have discovered the same thing we have: many people are still unsure about this giving opportunity. Maybe it’s because they don’t know much about it. Or maybe it’s because what they know seems complicated.

The truth is, planned giving is simple to understand. Here are four of the most common questions we hear:

What does “planned giving” mean?
Planned giving refers to gifts that will benefit Kiwanis in the future while helping the donor achieve his or her personal financial goals today. A planned gift may be given during the donor’s lifetime or as part of an estate to support an organization and its programs. It may be cash or other assets; an annuity purchased by the donor; or a life insurance policy or retirement account that names the organization as a beneficiary. The astonishing thing about planned giving is that it often allows donors to make a larger contribution than they thought possible because of the tax and income benefits available.

Am I wealthy enough to make a planned gift?
Absolutely! Your estate doesn’t have to be large to make a difference. Planned giving is a way to make a greater impact over a lifetime than you could have made through personal income alone.

What options are right for me?
There is no one-size-fits-all answer, so the Children’s Fund has many options. How about a bequest to our organization through a will or trust? Or life insurance that names the Kiwanis Children’s Fund as a beneficiary? You can also name the Children’s Fund as a beneficiary of a retirement plan or IRA.

Who can help me understand this better?
The Children’s Fund is happy to provide additional information and answer your questions about planned giving. Contact Ann at childrensfund@kiwanis.org to discuss the best fit for you. You can also consult your financial and legal advisors to explore your personal situation and options.