Planned Giving
You can help support The Envision Foundation’s mission in many ways, including:
- Bequests
- Cash
- Charitable Gift Annuities
- Charitable Trusts
- Retirement Funds
- Securities
When considering a planned gift, there are a variety of available options that best fit you and your individual circumstances. Always consult with an attorney, tax adviser or financial planner before making a planned gift.
Goals, Strategies and Benefits - Determining a Planned Gift
Goal - "I want to make a gift for The Envision Foundation's future that doesn't affect my current cash flow."
Strategy - "I will include a bequest in my will through cash, property, or real estate."
Benefit - "I can give a gift that costs me nothing today that will benefit my estate in the future with a tax deduction."
Goal - "I want to maximize my deduction with a simple gift."
Strategy - "I will make a cash gift to The Envision Foundation."
Benefit - "I can claim my deduction against my adjusted gross income and know that these gifts will make an immediate impact on The Envision Foundation."
Goal - "I want to retain income benefits from the assets I give to The Envision Foundation, which also allows me to give The Envision Foundation a larger gift."
Strategy - "I will create a charitable gift annuity or a charitable remainder annuity trust or unitrust."
Benefit - "I can receive income for my lifetime and receive a charitable deduction."
Goal - "I want to reduce high tax liability now and gain additional income later."
Strategy - "I will establish a deferred gift annuity."
Benefit - "I can have a larger deduction and a higher income rate than life-income gifts offer."
Goal - "I want to reduce gift estate taxes and control the timing of passing assets to my heirs."
Strategy - "I will create a charitable lead trust to support The Envision Foundation's programs for a fixed term with the principle going to my heirs at the end of the trust."
Benefit - "I can reduce my gift and estate taxes, and freeze the taxable value of growing assets, before I pass, to my family."
Goal - "I want to establish a named endowment fund in honor of a family member from income rather than capital."
Strategy - "I will create a new life insurance policy, or donate a paid-up policy for coverage I no longer need."
Benefit - "I can increase my ability to make a significant contribution to The Envision Foundation."
Goal - "I want to locate an overlooked asset that I can easily give to The Envision Foundation."
Strategy - "I will name The Envision Foundation as a beneficiary of a retirement fund."
Benefit - "I can eliminate income and estate taxes on retirement plan assets, which frees other property to pass on to my heirs."
Goal - "I want to give a larger gift to The Envision Foundation right now, and pay no capital gains."
Strategy - "I will give appreciated stocks or bonds that I have held for one year or longer."
Benefit - "I can give a gift that costs me less than the benefit it delivers to The Envision Foundation, while I pay no capital gains."
If you have already made plans for a bequest to The Envision Foundation or would like help in creating a planned gift, please contact Mary E. Shannon, President, Envision Foundation at (316)440-1517 or at mary.shannon@envisionus.com. All information is held in strict confidence.
Cash
Cash can be used immediately to support our much needed programs or be designated for an endowment. Checks should be made to The Envision Foundation with a note as to a designation of your contribution, if any. Please download the form now or make your gift online on our secure server.
Securities
Securities that have appreciated in value are a wonderful way to support The Envision Foundation. You can deduct the full fair market value of your appreciated securities if you have owned them for more than a year, and you save again by avoiding all capital gains taxes.
Bequests
A bequest is a gift made by a will or trust. A bequest allows you to make an important contribution to The Envision Foundation without diminishing your assets during your lifetime. If you have already prepared a will, your attorney can add The Envision Foundation as a beneficiary through an amendment.
In addition to cash, you can make a bequest of securities or real estate. You can designate your gift, or allow The Envision Foundation to use your bequest in the manner most needed at that time through general giving.
Charitable Trusts
A Charitable Remainder Trust provides you with income for either life or a fixed term from the date the gift is made. When the trust ends, The Envision Foundation receives the trust’s principal. An immediate income tax charitable deduction is available for an amount equal to the present value of what The Envision Foundation can be expected to receive when the trust terminates. You select the beneficiaries, trustees and the distribution rate.
- Charitable Remainder Annuity Trust – a trust that is planned to provide a fixed payout.
- Charitable Remainder Unitrust – a trust that is planned to provide a variable payment that fluctuates with the value of the underlying assets.
A Charitable Lead Trust allows you to transfer assets to a trust that pays an annual amount to The Envision Foundation for a set number of years, with the assets in the trust ultimately passing on to another beneficiary, such as your children. With proper planning, the trust may be able to help you pass assets to a younger generation with significantly reduced gift or estate taxes.
Charitable Gift Annuities
This type of gift provides you and/or another beneficiary with fixed income for life in exchange for an irrevocable gift of cash or securities to The Envision Foundation. The rates of return depend on your age at the time of the gift, but rates are generally higher than those available from money market accounts, for example. Income payments can be given to you on a monthly, quarterly, semi-annual or annual basis. You can start receiving income immediately or defer it until you retire. You will receive an income tax charitable deduction immediately upon making your gift, and a portion of each annuity payment is tax-free income.
Life Insurance
Life insurance can offer an attractive way to make a major gift to The Envision Foundation. By naming The Envision Foundation as the beneficiary of an existing policy, you retain lifetime ownership of the policy, keeping the right to cash it in, borrow against it and change the beneficiary. Because you retain the ownership of your asset (the policy), your estate can take an estate tax charitable deduction, but you will not receive an income tax charitable deduction for this future gift or for any premium payments during your lifetime.
If you name The Envision Foundation as the irrevocable beneficiary and owner of a life insurance policy by taking out a new policy or transferring ownership of an existing policy, you can obtain an immediate income tax charitable deduction equivalent to either the policy’s cash surrender value or replacement value. If additional payments are due, you can also deduct those payments as charitable donations each year.
Retirement Funds
Retirement plans such as IRAs and 401(k)s are subject to “double” taxation upon death. The combination of estate and income taxes can seriously erode the value of retirement savings if left to an individual other than a spouse. Naming The Envision Foundation as the beneficiary or contingent beneficiary of all or a portion of these assets is an option to consider, while leaving other, less taxed assets to your heirs.