You don’t have to make a large gift during your lifetime to leave a lasting legacy. You can ensure a stable future for The Research Foundation and help others for generations to come by including us in your estate plans.
Planned gifts can also offer many immediate and long-term benefits, like current income tax deductions, reduced estate taxes and the satisfaction of making a significant and enduring contribution. A named gift can even serve as a permanent memorial to a loved one. Planned gifts can be made in any of the following ways.
A gift by will allows you to make a significant contribution that was not affordable during your lifetime. The simplest gift is a bequest in your will. Most bequests leave a specific amount or percentage of the donor’s estate to charity with no restrictions on how the money is to be used. Because the full value of the bequest is deductible, heirs generally escape gift and estate taxes.
Learn how to make bequest.
If you would like to include The Research Foundation in your will, it is not necessary to completely revise your will. Simply ask your attorney to add a provision to your will with one of the following:
Bequest Designated for Where There is the Greatest Need
I give, devise and bequeath to The Research Foundation of Kansas City, Missouri, a Missouri not-for-profit corporation, ___________. (State “the sum of ________” or “the residue of my estate,” or all of my interest in the following described property______________”) to be used in such a manner as the Board of Directors of The Research Foundation shall determine in its sole discretion.
I give, devise and bequeath to The Research Foundation of Kansas City, Missouri, a Missouri not-for-profit corporation, ______. (State “the sum of _______” or “the residue of my estate,” with the instruction that this contribution be used to support _______, provided however, that should changing circumstances render this use of funds no longer practical, the Board of Directors of The Research Foundation may make such changes in the use as it deems advisable.
I give, devise and bequeath to The Research Foundation of Kansas City, Missouri, a Missouri nor-for-profit corporation, _____% of my estate under this will after the deduction of all debts, funeral expenses and administration expenses, but before the deduction of any death inheritance or estate taxes, it being my intention to exonerate this bequest from contributing to the payment of such taxes. Such bequest shall be used as determined by the board of Directors of the Research Foundation in its sole discretion.
Legal documents must state the beneficiary as The Research Foundation, 2316 E. Meyer Blvd., Kansas City, MO 64132. Tax ID# 43-1349021
If you would like to know more about making a planned gift to The Research Foundation, please contact Cynthia Randazzo at 816-276-4218.
By making a gift of appreciated stock (held more than one year), you can avoid or delay the capital gains tax. You may deduct the current fair market value of the stock on your tax return no matter what was originally paid for the stock. Your broker will need to contact us for our DTC number and account number.
A new or existing life insurance policy can be assigned to The Research Foundation with premium payments made as annual gifts. The result is a major gift at an affordable cost.
REAL ESTATE AND PERSONAL PROPERTY
Property may be used to fund a planned giving vehicle, or may be given outright to The Research Foundation.
A Charitable Remainder Trust can provide lifetime income to you.
By making an annuity gift now, you can receive a lifetime income for yourself, a spouse or anyone else you designate in exchange for a gift of cash, stock or securities to The Research Foundation. At the time of your death, the gift remainder will support us.