Real property may be another type of gift suitable to the Foundation's needs. Personal residences, farms and commercial property are prime examples of suitable real property Securities may be transferred to the KCC Foundation and represent still another form of gift giving to be considered. A deferred gift is one which is normally part of an estate plan or will. Both income and estate tax benefits can prove to be advantageous when judiciously arranged. Memorials can be established in your name or in the name of someone you wish to honor.
Memorials normally maintain a principal and expend interest income.
The Foundation's attorney is well informed on this form of giving and will assist individuals or their representatives in making arrangements. Life Insurance Gifts A means of multiplying one's gift is through a life insurance policy which is purchased on the life of the donor with funds donated to the Foundation. Depending on the age and other qualifications of the donor, a gift to the Foundation could be quadrupled. The donor receives the immediate benefit of the tax deduction and the satisfaction that he or she will be giving a great deal more than planned. Since the Foundation purchases the policy, there are no taxes and no difficulties with probate.