Making a difference is important to you. Charitable giving is an important part of your life and your core values. Like many people, you’d like to know that the causes and organizations you care about today will continue to thrive in the future.
The good news is you don’t have to be Andrew Carnegie or Bill Gates to start a meaningful philanthropic legacy. In addition to supporting the work of the Olathe Public Schools Foundation through cash donations, consider making a planned gift.
What is planned giving?
Planned giving is a win-win approach to philanthropic donations that supports your favorite nonprofit organization and can benefit you now or in the future. Simply put, “planned giving” is the transfer of assets to a designated nonprofit organization during a lifetime or as part of an estate plan. This forward-thinking approach to giving is “planned” because often these assets are not liquid, have tax consequences and are generally transferred via a will or other written means.
Planned giving is easy to do and you don’t have to be wealthy to do it. Whether it is naming your favorite charity in your will or trust for a modest amount, or a gift of life insurance or stock, there is an easy option that is right for you.
It can involve assets you might never think of.
A life insurance policy. Stocks. Retirement savings. A checking or savings account. These are all assets that can be leveraged in planned gifts.
It can generate an income stream.
With the assistance of a trusted financial advisor… donors may set up a charitable trust that provides an income stream for their favorite charity for a period of time, with the remainder going to the donors (or vice versa).
It can provide generous tax benefits.
Depending on the type of gift, short-term and/or long-term tax benefits may apply. Donors at a variety of income levels can benefit. Be sure to consult with your financial or estate planner for more specifics.
It is long remembered.
Designating a planned gift automatically makes you a member of the Osborne Society, the Olathe Public Schools Foundation’s legacy society. The Osborne Society members often receive immediate recognition on the Foundation’s website, in publications, and receive invitations to special events.
In addition to the satisfaction of making a meaningful gift, most planned gifts have immediate and/or long-term tax benefits. The chart below can help you find the type of gift that is right for you. Consult with your financial advisor or estate planner and join the Osborne Society of the Olathe Public Schools Foundation today.