Planned Giving




Charitable Gift Annuities

A financial product that pays a stream of guaranteed income to the donor or a loved one's college fund, provides an income tax deduction, and donates the remainder to a KCF fund or partner after life or a fixed time.

Benefit to the Donor:

  • Receive fixed payments for life for donor or other loved one, or for fixed time period.
  • Avoid capital gains tax on appreciated assets donated.
  • Create a personal legacy for the charities donor cares about in life.

Who is best suited:

  • Donors who wish to convert assets, possibly low-yield ones, into a guaranteed stream of income for life of donor or other loved one, or for a fixed time period.
  • Donors whose heirs will be sufficiently cared for without the donated assets.

Benefit to the Community:

  • At end of annuity period, the gift will continue to support the causes the donor cares about in life.

Charitable Remainder Trust

A tax-exempt, irrevocable trust that pays a percentage of its annual value to the donor, provides an income tax deduction, and donates the remainder to a KCF fund or partner after life or a fixed time.

Benefit to the Donor:

  • Immediate tax deduction for donated gifts of cash or property.
  • Receive percentage payments for life of donor.
  • Avoid capital gains tax on appreciated assets donated.
  • Create a personal legacy for the charities donor cares about in life.

Who is best suited:

  • Donors who wish to convert assets, possibly low-yield ones, into a variable but relatively high percentage stream of income for life or a fixed time period.
  • Donors whose heirs will be sufficiently cared for without the donated assets.

Benefit to the Community:

  • At end of life or a fixed time period, the gift will continue to support the causes the donor cares about in life.

Charitable Lead Trust

A trust that donates the income from assets to a KCF fund or partner during the donor's life, provides an income tax deduction, and after life gives back the assets to the donor's heirs on a tax-advantaged basis.

Benefit to the Donor:

  • Income tax deduction for donated income.
  • Heirs pay reduced gift or estate taxes when "loaned" assets are inherited.
  • KCF automatically disburses income from "loaned" assets to designated charities, then returns the assets to heirs.
  • Create a personal legacy for the charities donor cares about in life.

Who is best suited:

  • Donors who can live comfortably without the donated income stream but want their assets to go back to their heirs.
  • Higher wealth donors who wish to reduce potential estate taxes for their heirs.

Benefit to the Community:

  • Gift of income supports causes the donor cares about during the donor's lifetime.

Bequest by Will

A will is a legal document which helps to ensure one's wishes are carried out after life, making disposition of one's assets simpler and easier for those receiving or managing them. In a will, a donor can instruct that after life certain assets be given to a KCF fund or partner.

Benefit to the Donor:

  • Ability for donor to continue after life to support causes cared about in life.
  • Reduction of gift or estate tax for heirs.

Who is best suited:

  • Donors whose heirs will be sufficiently cared for without the donated assets.
  • Benefit to the Community
  • Willed assets continue to support causes the donor cared about in life.

PUBLIC DOCUMENTS: Our annual audit, IRS Form 990, and our annual application for the State of Michigan License to Solicit Donations are available at our office during business hours.