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Legacy Planning

Make a Gift With Perennial Benefits

What’s an endowment? It is simply the donation of funds to a charitable organization, like William Jewell College, to provide an ongoing source of income for the care or financing of a concern that’s close to your heart. Another way to fund an endowment is through a foundation, either your own or an existing one.

Direct Gifts
You may prefer to create an endowment by a tax-deductible contribution or bequest directly to William Jewell College, specifying how you want the income used. This is the easiest and most economical way to perpetually support William Jewell. You arrange with William Jewell to keep and invest your gift in a restricted account and use the income annually for the purpose you have directed.

Learn about our current endowment information.

An endowment is often established in memory of the donor or a person beloved by the donor. Most organizations are pleased to honor your request and have many ways of granting appropriate recognition.

Because of the long-term nature of an endowment and the language needed in your will, trust or other document to ensure that your intent is realized, see experienced counsel before making arrangements.

Private and Public Foundations
A private foundation is often set up by a family with one large gift. Thereafter, the foundation gives money away in perpetuity. In effect, you’re creating your own charity, which is subject to both IRS regulations and any applicable state laws.

Be prepared to encounter many restrictions involved in establishing a private foundation; experts agree that it certainly is not the easiest thing to do. Generally, it is best if you have at least $5 million to give in order to justify the significant expenses.

Community organizations and gift funds offer simpler alternatives. A community foundation manages the donations it receives and distributes the money to local charitable organizations. Since the community foundation is a charitable organization itself, you can claim a deduction for your donation in the year you make it. You can choose to support a particular organization or suggest how or where you would like your money spent.

How to Get Started
The memory of your wise philanthropy can be immortal. We’ll help you create an endowment and achieve the timeless recognition you richly deserve. We’ll explain your tax savings, too. Just arrange a meeting with Steven Kilmer—without obligation.

Please call Steven Kilmer at 816-415-7564, or e-mail us at kilmers@william.jewell.edu, for more information.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.

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