PLANNED GIVING
Your gift is our future
Making a gift to Kantorei through your will or estate is a beautiful way to create a lasting legacy and to ensure that our music and our mission will live on well into the future. Join the Legacy Society today and be a part of the inaugural group of individuals who have decided to remember Kantorei in their planned giving.
For questions, or to request a Bequest Intention Form, please contact Courtney Huffman, Director of Community Engagement, courtney@kantorei.org.
Kantorei Legacy Society
Joel Rinsema & Sarah Branton
Judd & Linda Rinsema
John Ludwig
Bryce Kennedy and Josh Larson
Andrea Ware-Medina
Lynn Hardcastle
BEQUESTS – Gift from Will or Revocable Trust
You can support Kantorei’s mission in a big way by leaving us a bequest in your will or living trust. A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
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A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount.
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Another kind of specific bequest involves leaving a specific percentage of your overall estate to Kantorei. Example: you choose to leave 10% of your estate to Kantorei and the rest to family, friends, or other charitable organizations.
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A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. In this case you may also choose to leave the entire residual, or a percentage of the residue to Kantorei.
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A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property to a relative, but the bequest language could indicate that in the eventuality that the initial beneficiary of the property is no longer living at the time of your passing, the property will go to Kantorei.
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If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Kantorei flexibility should it no longer be possible for us to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Kantorei, it shall become impossible for Kantorei to use this bequest to accomplish the specific purposes of this bequest, Kantorei may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Other Types of Planned Gifts
APPRECIATED SECURITIES – Gifts of
You can donate appreciated securities (stock) to Kantorei. Your gift provides you with a tax deduction on the current fair market value of the stocks and helps you avoid capital gains tax, while helping us fulfill our mission. These gifts keep cash in your pocket, and allow you to make a big impact.
LIFE INSURANCE
You can designate Kantorei as a beneficiary of your life insurance policy, transfer an existing policy to Kantorei or open a new policy naming Kantorei as the beneficiary. Monies received when the policy is cashed benefit your heirs, in that they become a tax deduction on inheritance and estate taxes. Policies transferred while you are alive provide you with a tax deduction for the cash value of the policy.
For questions, or to request a Bequest Intention Form, please contact Courtney Huffman, Director of Community Engagement, courtney@kantorei.org.