Introduction to Planned Giving

The end of the year is a great time to plan your tax-wise giving strategies. This email series is intended to help you maximize your assets, learn more about charitable giving opportunities, and help you reach your philanthropic goals.

What is planned giving?

Throughout this series, you may notice references to the term “planned giving.” This term refers to a gift that provides benefits to both you, and Kosair Charities, by taking your variety of assets into account. Planned gifts can take many different forms. These plans often use various legal, tax, and/or financial strategies to help you maximize your assets, and make the largest impact on Kosair Kids.

I’ve never considered charitable giving as part of my financial plans. Should I? Where do I start?

If your focus is on helping children, and you hold any assets, a planned gift may be beneficial to you. Many donors turn to charitable giving to decide the best way to pass on wealth and who would most benefit from various strategies.

Get started in just three simple steps. First, consider your charitable goals. We encourage you think about what you want to accomplish with your philanthropy. These goals, no matter how big or small, will go hand-in-hand with how you want to provide for your loved ones. Second, gather your team. Your team includes your charitable advi​sors (that’s us!), and the experts you use to manage your finances. Finally, share your goals with your team and create a plan. You can download our free estate planning guide, a simple resource for you to manage your plans all in one place. Your team will leverage the various tools from their field to maximize your assets.

Why is estate planning, or philanthropic planning, important?

Each member of your team will have a different answer to this question, each with the same sentiment: it is in your best interest. Your accountant will help determine the tax savings and apply them appropriately. The financial advisor will help build a plan to achieve your personal and philanthropic goals. The legal documents that outline these goals and benefits will come from your attorney. Finally, Kosair Charities will ensure that your legacy is realized and lives on long after you are gone. We want to understand what is truly important to you and how you expect your money to make the biggest change for Kosair Kids.

Depending on the changing tax laws, a portion of your assets may be subject to a variety of taxes. Estate planning helps you understand your options for these assets, so you can make the impact you want. Our friend Brian Haehl at Limestone Wealth Management refers to these dollars as Social Capital; you get to decide where the dollars go and the impact they make.


As you look toward the end of the year, we want to remind you that we accept gifts from Donor Advised Funds, stock transfers​, and Qualified Chari​table Distribut​ions. The next email in this series will take a closer look at managing IRAs while accomplishing your philanthropic goals. If you would like to see a specific topic covered, or if you would like to speak with a Kosair Charities staff member to help you with your goals.

Allison Samblanet
Senior Vice President of Development
Email: asamblanet@kosair.org
Phone: 502-814-9894

Taylor Davis
Director of Development
Email: tdavis@kosair.org
Phone: 502-814-9912

 

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