Planned Giving with The KMEF Legacy Tree
 
Bequest from Your Will

Including KMEF in your will or trust is a meaningful way to help us continue to serve students in need. Your in memoriam benefaction will be an important stepping stone towards young person's bright future.

Retirement Assets

Retirement assets are one of the most beneficial gifts you can give to the KMEF. These funds grow tax-free until the time of withdrawal. With the innovative use of these assets, you are able to contribute generously to the KMEF as well as provide for your loved ones. Many taxes on these plans can be avoided or reduced through a carefully planned charitable gift.

Life Insurance

Life insurance is often overlooked as an asset that you can use to make gifts to the KMEF. There are a number of ways to support the KMEF’s many programs with an insurance-related gift.

Charitable Remainder Trust


A Charitable Remainder Trust (CRT) is a life-income arrangement that provides you and/or other beneficiaries with a stream of income for life or for a period of years. After the trust terminates, the principal, or “remainder interest,” goes to the KMEF. Unlike other life-income arrangements, CRTs are separately invested and managed trusts. Please note that the KMEF does not manage these trusts for donors.

Bank and Investment Accounts
 
"Payable on death"(POD) or "Transfer on Death"(TOD) accounts name a beneficiary to receive the proceeds upon your passing. You do not have to change your will or work with an attorney or accountant. There are no fees to arrange such a gift. You simply complete the beneficiary form given to you by your financial institution. You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable.

U.S. Savings Bonds
 
Although it is not possible to make a lifetime charitable gift of a savings bond without first paying the tax on the interest earned, it does make an excellent asset to bequeath to the KMEF. That’s because savings bonds generate “income in respect of a decedent.” That means if you die owning them, the accumulated interest is taxed before your heirs inherit them. However, if they are left to an organization like the KMEF, that tax is not due. We suggest that you check with your advisors about the best way to bequeath your savings bonds to the KMEF.

Gifts of Real Estate
 
When including real estate in your will, it is important to clearly identify the address and include a legal description of the property, such as lot and block number. When we are notified that we are a beneficiary of real estate we will likely sell the asset. The executor of the estate has the real estate appraised for tax purposes, and if there is a mortgage on the property, the mortgage is paid off and the KMEF receives the balance. Please be aware that as part of our gift acceptance policy, all gifts of real estate are examined on a case-by-case basis.

Gifts of Stock and Securities
 
Stocks and securities allows KMEF students to benefit from the balanced perfomance of a highly diversified portfolio. As our markets grow, so does our ability to assist these young scholars.
 
To find out more, please send correspondence to:

The KMEF Legacy Tree
c/o Dwight McQuirter
6150 West Michigan Apt L4
Lansing, Michigan 48917
dwight.g.mcquirter@comcast.net