Endowment/Planned Giving

LEGAL AID OF WESTERN MISSOURI ENDOWMENT: THE FUTURE OF JUSTICE

Gifts to the Endowment are about protecting the future of Legal Aid and the clients and communities we serve.

INVESTING IN JUSTICE THROUGH PLANNED GIVING
A planned gift to the Legal Aid of Western Missouri Endowment demonstrates your belief in our mission and reinforces your commitment to make a difference in our community. Giving to the Endowment allows you to fulfill your charitable intentions and can result in immediate and future tax benefits for you under state and federal tax law.

Planned gifts can be as simple as adding the Legal Aid Endowment as a beneficiary of your 401(k) or IRA or as complex as creating a charitable trust. Each gift offers special benefits. And each gift creates a long-term financial resource that helps sustain our community—from generation to generation.

With careful planning, it is possible to reduce or eliminate income taxes (including capital gains) and transfer taxes (including gift, estate, inheritance and generation-skipping). You might also enjoy tax savings while turning appreciated assets into an income for yourself and others. Planned giving is a tool that helps Legal Aid and enhances your financial plans and security.

ABOUT THE ENDOWMENT
The Legal Aid of Western Missouri Endowment is a charitable fund at the Greater Kansas City Community Foundation. The Community Foundation offers a wide range of gifting options and vehicles to donate to the Legal Aid of Western Missouri Endowment. The Community Foundation and Legal Aid are recognized by the Internal Revenue Service as public charities. Consequently, donors are provided with the maximum tax benefits allowed by law.

The Legal Aid of Western Missouri Endowment is an outgrowth of the annual Justice for All Campaign. Annual gifts will continue to cover our current casework for our clients, but the Endowment offers an opportunity to establish a legacy of care, to help assure access to justice for future generations.

WAYS TO GIVE
Because many individuals today have large qualified retirement plans such as an IRA, 401(k) or Keogh plan, retirement plan gifts are one of the most popular ways to give.

These assets have been growing tax-free for years. If the funds pass directly to an heir, they will be fully taxable to your heir. The assets are also included in your taxable estate. Both taxes can be avoided by naming the Legal Aid of Western Missouri Endowment as a beneficiary of the plan proceeds.

Other ways to give include:

  • direct gift of money or appreciated assets
  • life insurance gift
  • bequest in a will or trust
  • life income gift
  • charitable gift annuity, charitable remainder trust or charitable lead trust.

 

Please contact us for more information on these gift possibilities and to let us know if you have already included Legal Aid in your estate plans.

FOR MORE INFORMATION:
Planned Giving Project 816-474-1413 ext. 5284
rhalliburton@lawmo.org

 

Legal Aid of Western Missouri may not expend any funds for any activity prohibited by the Legal Services Corporation, 42 U.S.C. 2996 et seq. or by Public Law 104-134 {110 Stat. 1321 (1996)}. Public Law 104-134 § 504(d) requires that notice of these restrictions be given to all funders of programs funded by the Legal Services Corporation.

For a copy of these laws or for any other information or clarifications, please contact Legal Aid of Western Missouri at 816-474-6750.

Translate »