Plan a Gift

You can establish a legacy for generations to come by making a planned gift to The Rehabilitation Institute of Kansas City. 

A planned gift –either through your will or estate plan – is one of the most effective ways to touch future generations and make a far-reaching impact.

Contrary to common misperception, you don’t have to be wealthy to make a planned gift.  However, you do have to be generous.  And you need to be smart.  After all, we all leave behind a legacy in the form of taxes.  A well-planned gift can help you achieve your philanthropic goals, provide for your heirs and reap financial tax benefits.

There are many ways to make a planned gift, just as there are many needs to be met.  The following are some giving options that can help you meet your personal goals and the needs of your loved ones.  Before making any long-term gifting decision, we encourage you to discuss the options with your financial planner, attorney or tax advisor.

• Appreciated Stock
• Bequest Through Your Will
• Charitable Remainder Trusts (Annuity & Unitrusts)
• Charitable Lead Trust
• Charitable Gift Annuity
• Life Insurance
• Retirement Accounts and Pension Plans
• Real Estate

Click here for additional information about each of the above Planned Giving Options.

Click here for information on How to Make a Bequest.

For more information about any of these options, please contact Dana Chatlin at 816-751-7815 or dana.chatlin@rehabkc.org.  We will be happy to visit with you without obligation.

Planned Giving Options

The following is a brief description of a number of planned giving vehicles that can help individuals maximize their charitable giving and, in some cases, limit their tax liabilities.   Before making any planned giving decision, we encourage you to talk with your financial planner, attorney or tax advisor.

Appreciated Stock
Appreciated Stock makes an excellent charitable gift. Under current tax laws, when an appreciated asset (such as stock) is sold, a capital gains tax is due. By making a charitable gift of the appreciated stock, you can avoid or delay the capital gains tax. You can also take an immediate income tax deduction for the current fair market value of the stock, no matter what was originally paid for it. To take a deduction for gifts of appreciated stock at their current value, you must have owned the stock for more than 12 months. Such gifts are deductible up to 30 percent of your adjusted gross income (AGI) in the year of the gift. Any unused deduction amounts may be used in as many as five subsequent tax years. 

Bequest Through Your Will
One of the most simple and popular ways to make a gift that will live after you is to give through your will. You can make a gift bequest to sustain medical, education or research programs by providing a dollar amount, specific property, a percentage of your estate, or the remainder (what's left). Such a designation can reduce your estate taxes. In many cases a simple change can add our organization to your will and does not require rewriting your most recent will.

Charitable Remainder Trusts (Annuity & Unitrusts) Donors and spouses can benefit from lifelong payments from such a trust. The donor selects the rate of return from these income arrangements and also chooses a fixed or fluctuating annual payment to be made to the designated parties as long as they live. Capital gains tax may be completely bypassed and you will receive a tax deduction based on the age of the income recipient and the rate of return chosen.

Charitable Lead Trust
In a charitable lead trust, assets (generally cash or securities) are transferred to a trust that pays income from the fund to our organization for the number of years you determine. At the end of the designated time period, the trust terminates and the assets are given back to the persons you name. This trust helps to lower estate and gift taxes that would otherwise be due on the assets. This option is especially attractive if you want to leave your children or grandchildren assets in the future, but not immediately.

Charitable Gift Annuity
In exchange for a gift of cash, stock or securities, we will pay you, you and your spouse, or another person you name, a guaranteed income for life. In addition, you receive a substantial income tax deduction in the year of the gift and part of the annual payment is non-taxable. Your annuity payment and tax deduction are based on your age and income or the age and income of the recipient. Upon your death or the death of the second person named, the gift remainder will support medical education and research at The Rehabilitation Institute.

Deferred Gift Annuity
A deferred gift annuity is similar to a gift annuity except that payments begin for you at a future date of your choice, such as your retirement. Your tax deduction and the annual rate of return on your annuity increase the longer you wait to start payments. This is an excellent retirement planning method to implement during prime income producing years that will benefit you in your retirement years. 

Life Insurance
Life insurance is another simple way to make a substantial future gift at a level that would not be possible at the same level in cash. You can name our organization as owner and beneficiary of an existing life insurance policy so that The Rehabilitation Institute receives the proceeds. You will receive a tax deduction for approximately the cash surrender value, thereby reducing your tax liability in the year of the gift. An alternative is to purchase a new life insurance policy naming the Foundation as owner and beneficiary. With this option, you receive an income tax deduction for each premium made and will make possible a major gift to our organization with a modest annual payment (or a one-time premium payment).

Retirement Accounts and Pension Plans
Life insurance is another simple way to make a substantial future gift at a level that would not be possible at the same level in cash. You can name our organization as owner and beneficiary of an existing life insurance policy so that The Rehabilitation Institute receives the proceeds. You will receive a tax deduction for approximately the cash surrender value, thereby reducing your tax liability in the year of the gift. An alternative is to purchase a new life insurance policy naming the Foundation as owner and beneficiary. With this option, you receive an income tax deduction for each premium made and will make possible a major gift to our organization with a modest annual payment (or a one-time premium payment).

Real Estate
For some people, a gift of land, primary residence or vacation home is a preferred way to make a gift. You will receive a tax deduction for the full fair market value, avoid all capital gains tax and remove this asset from future estate taxes. One option is to give real estate while you retain a life tenancy. This provides a substantial income tax deduction by giving (deeding) your home or farm to the Foundation now. You continue to live there, maintain the property as usual, and even receive any income it generates. At your death, the property will be sold by the Foundation and the proceeds will support medical education and research at The Rehabilitation Institute.

Creative Combinations
With planned gifts, one size does not fit all. Depending upon your specific circumstances and objectives, you may use one, or even several planned giving options to achieve your goals. Other planned giving strategies beyond the methods described here may be tailor-made just for you.

How to Make a Bequest
Leave your legacy by making a gift in your will or living trust to family, friends and charitable organizations.  A bequest is one of the simplest ways to remember the people and organizations you care about most.

Getting Started
If you plan to make a charitable gift by will, please think it through carefully.  Then, meet with your attorney to discuss and update your will.  Tell him or her exactly what you want to do.  Be as clear as possible in describing what you want to give to whom.

Please Let Us Know
We hope you'll tell us when you have named Saint Luke's Hospital Foundation in your will. We would very much like the opportunity to thank you for your generosity and recognize you as a donor. Sample

Bequest Language
I give, devise and bequeath to The Rehabilitation Institute of Kansas City, a Missouri not-for-profit corporation, (“                     percent of my estate” or the sum of                  “ or “the residue of my estate”).

For Your Attorney

All securities or other legal documents should be made payable or transferable to:
The Rehabilitation Institute of Kansas City
3011 Baltimore Ave.
Kansas City, MO 64108

We hope you'll tell us when you have named The Rehabilitation Institute in your will. We would very much like the opportunity to thank you for your generosity and recognize you as a donor. If you prefer to remain anonymous, your gift will be kept completely confidential. But at the same time, recognition of your gift can encourage others to do the same. Whatever the case, we will honor your wishes.
If you would like to specific program in your bequest or if you have other special requests, we invite you to contact us at 816-751-7815.