Planned Giving
Planned Giving Newsletter
Bequests in a Will
Bequests or gifts in a will are the most common types of planned gifts. They allow a sizable donation without reducing the contributor's assets during his or her lifetime, while possibly helping save estate taxes.
Charitable Gift Annuities
When considering charitable gifts, most individuals think of outright gifts of cash or gifts through a Will or Living Trust. There are other ways as well to make a gift to promote the sanctity of life and retain benefits for yourself or a loved one. Gifting through a Charitable Gift Annuity can be made with cash or appreciated property.
While there are several types of charitable gift annuities, such as single life, or joint and survivor, each pays a fixed amount. Payments may be received quarterly, semiannually, or annually. Your payment amount is established using rates suggested by the American Council on Gift Annuities. The remainder interest of the gift will be used by Vitae to promote a culture that values the lives of future generations. Payments on your gift annuity may begin immediately or be deferred to a later date, such as retirement. This may be a way to help promote the sanctity of life and provide additional cash flow for the retirement years.
You will be entitled to a potential income tax deduction for part of the gift in the year you make your gift. Your taxable estate will be reduced, and any capital gains generally will be recognized over the life of your annuity.
To learn more about meaningful gifts through gift annuities, contact Mark V. Kleene at 573-634-4316 or 800-393-5791 or via email at markk@vitaefoundation.org.
The Vitae Foundation is a not-for-profit corporation under 501(c)(3) of the Internal Revenue Code. Gifts to the Vitae Foundation are tax deductible to the extent provided by law. The purpose of this information is to provide general gift, estate, and financial planning information. Neither the author, the publisher, nor this organization is engaged in legal or tax advisory services simply by making this information available. This information may not be used to avoid tax penalties. For advice or assistance in specific cases, the services of an attorney or other professional advisors should be obtained. Watch for tax revisions, as these laws are complex and subject to change from time to time. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Charitable Gift Annuities are issued and guaranteed through the National Christian Foundation (NCF). NCF typically reinsures Charitable Gift Annuities. This could benefit Vitae with current proceeds instead of the remainder interest at the annuitant’s death.
You may also need the following information for Attorneys, Accountants and Financial Planners:
Legal Name: Vitae Foundation
Legal Address: 1731 Southridge Drive, Suite D
Jefferson City, MO 65109
Employer Identification Number: 43-1138252
Living Trust Alternative
A Living Trust is a contract that takes effect while you are still living and contains instructions for how all of your assets should be managed upon your incapacity and upon your death. Unlike a Will, a Living Trust does not require Probate administration and saves on court costs and attorney fees.
The amount saved in court costs and attorney's fees could go to benefit the charities or causes you support. You can look upon it as a way of supporting the Vitae Foundation without it costing your estate to do so.
Similar to the manner in which you leave a bequest in a Will, you can provide for the Vitae Foundation in your Living Trust.
Regardless of whether you create a Will or Living Trust, you will need the assistance of an attorney. The Vitae Foundation can provide your attorney with the appropriate language, if necessary.













