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Planned & Estate Giving

Please prayerfully consider
a planned or estate gift

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PLANNED AND ESTATE GIFTS

“Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.” (Hebrews 13:16)

Types of Planned Giving to Discuss with Your Financial Planner

Older couple Have you considered how you may continue to support Kairos during your lifetime or even after you have gone to be with the Lord?

There are many ways to make planned or estate gifts to the Kairos Prison Ministry Foundation. Many can provide you with income during your lifetime and reduce your taxable income, while at the same time donating substantially to Kairos – now and after your time on Earth is through.

Please prayerfully consider a planned or estate gift – ensuring that your dedication to helping those in prison continues forever.

Types of Planned Giving

Charitable Bequest

This is a provision in a will, trust, or estate plan that allocates a gift to a designated charity. The most common gifts to non-profit beneficiaries are cash, securities, and real property including homes and personal property (things).

Charitable Bargain Sale

In short, a bargain sale is the purchase of property (securities, real estate, etc.) for less than its fair market value. In such case, the difference between the fair market value and the sales price constitutes a charitable gift.

Charitable Remainder Unitrust (CRUT) and Charitable Remainder Annuity Trust (CRAT)

A charitable remainder unitrust and remainder annuity trust share many common advantages with two important distinctions. A charitable remainder unitrust pays the beneficiary a fixed percentage of the principal of the trust as it is revalued annually. This type of trust provides the donor with the flexibility to make additional gifts to the trust. In contrast, a charitable remainder annuity trust pays the beneficiary a fixed dollar amount, which is determined when the trust is established. Additional gifts to this type of trust are not permitted. Depending on your needs, you may find one trust arrangement more attractive than the other.

Charitable Gift Annuity (CGA)

Older couple reading togetherA charitable gift annuity is a tool that non-profits use to provide 1 or 2 individuals with quarterly income for life in exchange for a gift of cash, stocks or other assets.

Charitable Remainder Trust

A tool that makes regular payments to a beneficiary. Donors can claim a charitable tax deduction and avoid any capital gains tax on the sale of appreciated property within the trust. At the end of the term, the specified nonprofit receives the remaining amount in the trust.

Charitable Lead Annuity Trust

A donor may transfer assets to an irrevocable charitable lead annuity trust (CLAT). The trust then pays a fixed dollar amount to a qualified charity for either a set number of years or the lifetimes of individuals. When the trust term has ended, the remaining assets are distributed to the donor, his or her spouse, heirs or others. Charitable Lead Trust A trust designed to reduce beneficiaries' taxable income by first donating a portion of the trust's income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

Donor Advised Fund

Donors contribute tax-deductible assets to their accounts, advise the sponsoring charity on how it should invest the assets so that they grow before they are granted, and recommend grants from their accounts to charitable organizations of their choice over time.

Insurance

Life insurance provides an "amplified" gift that enables a donor to purchase immortality on an installment plan. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for charity. This sizeable gift can be made without impairing or diluting the control of a family business or other investments. Assets earmarked for family members can be kept intact. Donors can name a charity as a beneficiary, co-beneficiary, residual beneficiary, or secondary beneficiary.

Retained Life Estate

Real estate placed in a life estate is ultimately donated to a charitable organization after death, while owner retains the right to occupy the property during their lifetime and the lifetime of their spouse. The value of the real estate is removed from the taxable estate. The gift (fair market value of real estate property minus present value of the retained interest) is income tax deductible.



482 Prisons and Communities Served in 10 Different Countries3 Million Hours of Volunteer Service Per Year equals $36 Million Dollar Value of Volunteer Hours

KAIROS PRISON MINISTRY INTERNATIONAL
is a registered 501(c)(3) nonprofit organization. All donations are tax deductible in full or in part.

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Kairos Prison Ministry
100 DeBary Plantation Blvd
DeBary, FL 32713
407-629-4948
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