How to Make an Impact

...Leaving a Legacy

Estate Planning or Planned Giving is becoming increasingly popular because it can be tailored to your individual financial situation.  It can offer you several financial benefits, including the potential deferral of capital gains taxes, possible gift and estate tax savings and may also serve as an effective way of transferring wealth.  If you are considering leaving a legacy gift to the Kona Historical Society here are a few options you might consider:

Bequests
Bequests represent the most significant source of planned giving dollars for charitable organizations.  If you would like to make a significant gift to KHS but are concerned you may need the assets during your lifetime, a charitable bequest allows you to make a large contribution while maintaining maximum flexibility.  These gifts can be funded with cash, marketable securities, mutual funds, real estate, life insurance and retirement plans.  Charitable bequests and other estate gifts are 100% tax deductible so your estate pays no estate or inheritance tax.

Charitable Remainder Trust
This type of trust is a tax-exempt way to distribute income from the trust to benficiaries for a period of time, after which, remaining assets are distributed to the charity of your choice.  You determine the time-frame and the amount of annual payouts within certain limitations.

Charitable Lead Trust
These trusts give the charity a fixed annual payout and the remainder goes to your beneficiaries at the end of the charity’s payout term.  The primary benefit of a charitable lead trust lies in its potential gift-tax advantages.

Life Insurance
Life insurance can help replace your estate and gift tax liabilities and often provides a substantial benefit for relatively small costs.  You can name KHS as the partial or sole beneficiary of the policy.  Donating these policies results in a current income tax deduction and converts an asset that is no longer needed into a significant gift.

If you would like to help secure the financial future for Kona Historical Society and its educational programs consider a legacy gift today.  If you would like more information you may call us at 808-323-3222.


Adapted from Dale Ishida Suezaki at Morgan Stanley Smith Barney.  Your financial advisor or attorney can help design an estate plan that protects your family, preserves your property and also benefits KHS.