Bequests in Wills Bequests include gifts of cash, securities, or other marketable property designated in a will and are exempt from federal estate taxes. A specific bequest leaves certain property, or a percentage of the estate, to the Kappa Delta Pi Educational Foundation. Life Insurance Life insurance gifts may be made by naming the Kappa Delta Pi Educational Foundation as owner or as beneficiary. Either way, after death, the benefits are received by the Kappa Delta Educational Foundation. When ownership of the insurance is gifted to the Kappa Delta Pi Educational Foundation, an immediate federal income tax deduction is allowable, which approximates the cash surrender value of the policy.
Future premiums paid by the donor are tax deductible.
An alternative to a cash gift is a donation of appreciated securities, such as stocks and bonds or real estate. Appreciated property held long-term by the donor can result in a current federal income tax deduction for its fair market. Taxes on the appreciated value may be avoided. Gifts in Trusts Trusts are used for distribution of property during life and after death. In a Living Trust, you may leave all or a portion of the estate to the Kappa Delta Pi Educational Foundation.