Blazing the Trail to Planned Giving
Planned gifts, through Keystone Trails Association’s (KTA’s) Heritage Society, are about planning for your future and the future of Pennsylvania's footpaths. Navigating through the options of estate planning can be a difficult and time-consuming process, but it doesn’t need to be. Let us help blaze the trail through the planned giving process, with these four basic options: bequests, IRA gifts, insurance gifts, and stock options.
Bequests
A bequest, a gift in your will, is an opportunity to ensure the sustainability of Pennsylvania's hiking trails and continue the support you have provided during your lifetime. After your lifetime, the Keystone Trails Association receives the gift and applies it to the purpose(s) you specified.
Benefits:
• Your assets remain in your control during your lifetime.
• You can modify your bequest if your circumstances change.
• You can direct your bequest to a particular purpose.
• There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
• Your gift will benefit the Keystone Trails Association tomorrow, just as you intend it to today.
• You can designate a specific amount, a percentage, or share of the residue. A bequest can easily be added by stating: “I hereby give, devise, and bequeath $______ (or ______% of the residue of my estate) to Keystone Trails Association.”
A bequest, a gift in your will, is an opportunity to ensure the sustainability of Pennsylvania's hiking trails and continue the support you have provided during your lifetime. After your lifetime, the Keystone Trails Association receives the gift and applies it to the purpose(s) you specified.
Benefits:
• Your assets remain in your control during your lifetime.
• You can modify your bequest if your circumstances change.
• You can direct your bequest to a particular purpose.
• There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
• Your gift will benefit the Keystone Trails Association tomorrow, just as you intend it to today.
• You can designate a specific amount, a percentage, or share of the residue. A bequest can easily be added by stating: “I hereby give, devise, and bequeath $______ (or ______% of the residue of my estate) to Keystone Trails Association.”
IRA Gift
Naming the Keystone Trails Association as the beneficiary of your IRA, 401(k) or other qualified plan is another simple way to give. After your lifetime, the residual of your plan passes to KTA tax-free.
Benefits:
• You can escape both income AND estate tax levied on the residue left in your retirement plan.
• Give the most-taxed asset in your estate to the Keystone Trails Association and leave more favorably taxed property to your heirs.
• You can continue to take withdrawals during your lifetime.
• You can change the beneficiary or designation should your circumstances change.
Naming the Keystone Trails Association as the beneficiary of your IRA, 401(k) or other qualified plan is another simple way to give. After your lifetime, the residual of your plan passes to KTA tax-free.
Benefits:
• You can escape both income AND estate tax levied on the residue left in your retirement plan.
• Give the most-taxed asset in your estate to the Keystone Trails Association and leave more favorably taxed property to your heirs.
• You can continue to take withdrawals during your lifetime.
• You can change the beneficiary or designation should your circumstances change.
Insurance Gift
You can also provide a future gift to the Keystone Trails Association by naming us as a beneficiary of your life insurance policy. The proceeds will be paid directly to KTA and we will apply them to the purpose(s) you have designated.
Benefits:
• If KTA becomes the owner and beneficiary of the policy you can receive a tax deduction for the gift.
• If using an existing policy that you no longer see as a necessary part of your financial plans, it can turn into a future gift for KTA.
• You can receive a tax deduction for your gift if Keystone Trails Association becomes the owner and beneficiary of your policy.
You can also provide a future gift to the Keystone Trails Association by naming us as a beneficiary of your life insurance policy. The proceeds will be paid directly to KTA and we will apply them to the purpose(s) you have designated.
Benefits:
• If KTA becomes the owner and beneficiary of the policy you can receive a tax deduction for the gift.
• If using an existing policy that you no longer see as a necessary part of your financial plans, it can turn into a future gift for KTA.
• You can receive a tax deduction for your gift if Keystone Trails Association becomes the owner and beneficiary of your policy.
Stock Options
Donating long-term appreciated securities directly to KTA — rather than selling the assets and donating the cash proceeds — may be one of the best and easiest ways to give more. By taking advantage of the applicable tax incentives, you can significantly increase the amount of funds available for our trail care, advocacy, and hiking promotion efforts.
It's a win-win situation: KTA receives a nice contribution, while you, the donor can possibly write off the gift and avoid paying capital gains taxes on the stock.
The strategy has been around for some time, waning during the financial crisis, but has regained popularity in recent years as the stock market has roared back to life.
Benefits:
Donating long-term appreciated securities directly to KTA — rather than selling the assets and donating the cash proceeds — may be one of the best and easiest ways to give more. By taking advantage of the applicable tax incentives, you can significantly increase the amount of funds available for our trail care, advocacy, and hiking promotion efforts.
It's a win-win situation: KTA receives a nice contribution, while you, the donor can possibly write off the gift and avoid paying capital gains taxes on the stock.
The strategy has been around for some time, waning during the financial crisis, but has regained popularity in recent years as the stock market has roared back to life.
Benefits:
- You can receive tax incentives and write-offs for the gift.
- Avoid paying capital gains taxes on the stock.
- Easy, seamless transaction
Take these ideas with you: download the Heritage Society Brochure
We appreciate your consideration and continued support of KTA. We would be pleased to speak with you about these and other giving options. Please contact Joe Neville at 717-766-9690 or by email.
