Planned giving is a way to support Hesston College in the future through arrangements you make today.
Estate Planning and Planned Giving
Planned giving is the ultimate expression of a donor’s love and generosity. It is a way to leave a legacy of Christ-centered education, allowing students to take part in the Hesston Experience for generations to come. A common misconception is thinking you might not have enough assets to leave a gift through your estate, but planned giving is something everyone is capable of doing. Some individuals even include charitable giving as an extra child when completing their estate plans. Through your estate you can typically offer more support to the mission of Hesston College than what would be possible during your annual giving.
Planned gifts are just that: gifts that require some planning. These are significant tools that can help you give more, in tax-smart ways, and can provide income to you along with your gift. Stretch the possibilities of your support to us with the advantages of planned giving.
Donor Advised Funds
A donor advised fund is like a giving checking account. It’s a great tool provided by Everence to make gifts of appreciated assets such as stock, farm commodities or real estate. Include us in your recommended charitable distributions or set up an account for a flexible, streamlined way to direct charitable gifts to us.
Tax-smart tip: Do you use itemized or standard deduction on your taxes? A donor advised fund allows you to make a large charitable contribution one tax year, into a fund that you can dispense to your favorite charities over multiple years. Invest and grow your giving fund tax-free from this account.
Wills and Legacy Planning
Giving to Hesston through your will is one of the easiest planned gifts to make, while providing yourself with peace of mind. This type of planned giving allows you to make your wishes known ahead of time, so you’re able to fulfill your faithful, caring and charitable intentions. No matter how large or small your estate, a will is a great place to start, ensuring your values are reflected in your planning. It’s a chance to care for those you love: family, friends, the church and missions you care about.
Tax-smart tip: Estate gifts can reduce or eliminate the burden of estate or inheritance taxes.
Retirement Assets
Your IRA, 401k, 403b, pension or other tax deferred plan is an excellent way to make a gift to Hesston College. Plus, you may satisfy your required minimum distributions and reduce taxable income. Other items that are assets and can be given as gifts include stocks and bonds, real estate, life insurance, farm commodities and valuable collections.
Tax-smart tip: Give from your retirement fund!
Charitable Trusts
Make a gift that also provides you and your family income. Set aside and direct your assets to our organization and to your heirs — or even back to you — in a way that best fits your needs.
Tax-smart tip: A gift into a trust usually results in an immediate tax deduction and can be most helpful in a year when your income is higher than normal (selling a business or property, selling appreciated assets, receiving a bonus or incentive).
Charitable Gift Annuities
Grow and share your heart for missions and good work in a way that offers you steady payments for life, as well as funds to your selected charities. It’s a gift that provides you with income and frees you from managing funds you intend to eventually give away.
Many people have employed gift annuities in their charitable planning because of the multiple advantages and ability to grow and participate in stewardship investing. Advantages include the flexibility to divide your gift to multiple charities, receiving annuity payments for life and tax advantages.
Tax-smart tip: In addition to an immediate tax deduction, gift annuity payments are partially tax exempt, which means your guaranteed future income is taxed at a lower rate than regular income or commercial annuity income.
Life Insurance
Give through your life insurance policy if the policy is no longer needed or will no longer benefit your survivors. It’s a practical and attainable way for many to make meaningful gifts.
Tax-smart tip: Give from your life insurance policy!
Is Hesston College included in your Estate Plans?
If you have or plan to include Hesston College in your planned giving, please let us know. Your gift will allow you to become a Legacy Partner. By letting us know your intentions, it can also help make the gift easier at the time it is given and ensure your intentions are carried out. Thank you for creating hope for future Larks through a planned gift.
If you are interested in learning more about or making a planned gift, please contact our development officers via email or phone at 620-327-8147.
We are partnered with Everence and their financial planners to work alongside you in offering enhanced charitable giving options. If you have a preferred financial planner or lawyer that you would like to work with we are happy to do that as well.
Please note that the information provided is not legal or tax advice.
