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KieveWavus Legacy Planning Ideas
Founded and developed by teachers, nurtured and supported by wonderful
friends, our organization has grown and changed – yet still
retains much of its original character and spirit. Four generations
of young people now share fond memories of this place at the end
of the West Neck Road. The important lessons they learned about
friendship, joy, acceptance, responsibility – and loyalty,
courage and perseverance – are Kieve’s and Wavus' real
legacy.
Each year, more than 10,000 boys, girls, men and women –
from around the globe – are touched by the power and goodness
of the Kieve experience. The legacy of Kieve and Wavus is increasingly
far-reaching because of the generosity of the many friends who believe
in our purpose "…to empower young people and the adults
who affect them to contribute positively to society…"
Your legacy is how you choose to be remembered. We urge you to consider
Kieve’s impact upon you and your family, as you plan for the
future. We can work with your estate planner to help you create
a lasting legacy.
Here are a few Legacy "Planned
Giving" examples:
Charitable Lead Trust
A Charitable Lead Trust benefits KieveWavus by allowing us to receive
income generated by the assets in the trust. When the term of the
trust ends, your heirs get back the principal. Talk about a "win/win"
!
Example: Tom & Jane McNally would like to make a
$60,000 - 6 year pledge to KieveWavus. They are both enjoying
retirement and would like to create a fund strategy that will
guarantee payment of their pledge in the event of a premature
death. The McNally's financial advisor suggested a Grantor Charitable
Lead Annuity Trust (GCLAT). Combining a $250,000 cash transfer
to a 6-year term-certain GCLAT with a 4% payout rate, the McNally's
can provide Kieve an annual payment of $10,000. At the end of
the trust's 6 year term the principal of the trust will revert
to the McNally's. The McNally's also receive a significant current
income tax deduction.
Explore this possibility
with your financial advisor. And, as always, we are here to
help in whatever way we can.
Life Insurance
KieveWavus can be named as the beneficiary on any personally owned,
corporate owned or group term life insurance policies.
Irrevocable Beneficiaries
You can deduct the premiums paid into a cash value or variable life
insurance policy as long as KieveWavus is named the irrevocable
owner and beneficiary of the policy.
Charitable Remainder Trust
A Charitable Remainder Trust provides income (and tax benefits)
to you during your lifetime and KieveWavus receives the principal
upon your (or your beneficiary's) death. Here is more information
about the Charitable Remainder trust.
For more information about Legacy Giving, you
may request
a brochure or
for details on "how to", call our Development
office at (207) 563-5172 or
email Russ Williams. |
