You don’t have to be wealthy to make a planned gift! In fact, you can put a planned gift in place that costs you nothing during your lifetime. Your gift may be designated for a particular purpose that you specify.
The concept of planned giving was developed to benefit nonprofit organizations by creating incentives for charitable giving through favorable tax treatment for these gifts.
Planned giving often begins with an appreciated asset, such as stock or real estate, which would be subject to significant taxes on the capital gain. In many cases, planned giving allows the donor to:
- Avoid paying tax on capital gains
- Receive a significant tax deduction for their gift
Westar benefits from receiving a larger gift than what might have been affordable with a cash donation.
Planned gifts include:
If you have named Westar Institute in a will, trust, or other planned gift, please let us know so we can include your gift in our financial plans. We would be honored to list you as a member of the John Dillenberger Heritage Society and to thank you for your help in securing the future of Westar Institute.
Do you have further questions about planned giving? Read planned giving case studies to learn how other Westar members have navigated planned giving. You can also read this estate planning checklist. Contact Westar directly with more specific questions.