Legacy Circle
Please consider The Kensington Conservancy in your estate plans and will.
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We'd like to thank and honor those who have made bequests to The Kensington Conservancy:
Pam Bent David Hofmann Erl Lagerholm The Phelps Family The following individuals have identified that they’ve made bequests to The Kensington Conservancy in their estate plans: Mary & Donna Deplonty Tina & Terry Haight Virginia Jordan Betsy & Bill Kingery Connie & Alden Meyer Libby & Matt O'Connell Deke & Hope Welles Peter Welles Is The Kensington Conservancy already in your will, trust or other estate plans? If so, thank you! Please let us know about your plans because it helps us plan for the future. Contact Carter Dorscht, Executive Director of The Kensington Conservancy, and he will add your name to the Legacy Circle. Your gift may remain anonymous, if you like.
Don’t have a will? You’re not alone! Now is a great time to start planning, and please consider including a bequest to The Kensington Conservancy in your estate plans. A legacy gift in one’s estate will help sustain The Kensington Conservancy and its ability to keep its promise to preserve the land and waters of the St. Joseph Channel for all generations. "Being a member of the Legacy Circle is easy and it doesn’t require that a vast sum be set aside. It just lets your heirs know that you care about sustaining the natural environment of this beautiful area." - Libby O'Connell, Legacy Circle Member If you are unable to join the Legacy Circle but still wish to support The Kensington Conservancy upon your passing, you can instruct your family or funeral home to suggest in your obituary that donations be made in your memory to The Kensington Conservancy. Information about making memorial donations can be found here. |
Legacy Circle donors have contributed to:
You can leave a lasting impact by joining the Legacy Circle today! The following is the information that your lawyer will likely request to add The Kensington Conservancy to your will.
If your lawyer requests additional information, please contact Carter Dorscht, Executive Director, at 705-257-5199 or [email protected]
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Legacy Gift Options
The Kensington Conservancy will provide information and assistance to you on planned giving and other ways you can support our work. However, we strongly encourage you to seek independent advice when making charitable gifts of annuities, securities, property, life insurance, wills, trusts, contracts and other legal agreements. This may be your lawyer, banker, accountant, investment advisor, wealth manager, financial planner, or other professional.
CHARITABLE GIFT ANNUITY
A charitable gift annuity is an attractive way for individuals aged 70 years and older to make a donation to The Kensington Conservancy while receiving a guaranteed income stream for life. This is an arrangement under which the donor transfers a certain sum to the charity subject to a Deed of Agreement which authorizes the charity, acting on the donor’s behalf and working through a life insurance agent, to arrange for a commercial annuity that would pay the amount stipulated by the agreement.
CHARITABLE REMAINDER TRUST
Charitable remainder trusts involve the transfer of property (real estate or other investments) to a trustee that holds and manages it. As the donor, you retain the income generated by the property for life, but leave the residual interest to TKC. Upon the death of the donor or beneficiaries (or the end of the term), TKC would receive the amount that remains in the trust.
ENDOWMENT
An endowment is money that is donated to be permanently invested. The interest generated is spent each year and the original investment remains untouched. Endowments provide smaller gifts to TKC over a longer period of time, but can provide you with tax benefits up front. Endowments or donor-advised funds are a more advanced-level of planned gift and require the expertise of an experienced financial planner or financial institution.
RESIDUAL INTEREST (PROPERTY OR REAL ESTATE)
Residual interest is an arrangement where a donor irrevocably gives real estate or personal property to The Kensington Conservancy while retaining the right to use the property for life or for a term of years. Upon the donor’s death or expiration of the term of years, the donor’s right to use the property ceases, and TKC is given complete control of the property.
GIVING STOCKS OR SECURITIES
Gifts of stock or mutual funds are a way to give from your investment portfolio. By donating them directly to TKC, you can reduce your tax bill and make an outstanding gift at the same time.
DONATING YOUR RETIREMENT FUNDS
Naming a charity as the beneficiary of your registered retirement savings plan or retirement income fund is easy to do and can be highly beneficial. Simply contact the financial institution managing your retirement plan and sign a declaration (known as a “beneficiary form”) naming The Kensington Conservancy as the beneficiary of the plan. You can choose to name TKC as the primary beneficiary, or as a secondary beneficiary in the event that your spouse or other primary recipient should pass on before you. It is not necessary to amend your will in order to take advantage of this option, and designating a charitable beneficiary does not affect your own use of the retirement funds in any way. The after-tax amount of funds remaining in the account upon your demise will go to supporting the cause you believe in, and your estate will receive a charitable donation tax receipt for the full amount of the gift.
GIVING THE GIFT OF LIFE INSURANCE
Depending on how you structure your gift, you can realize significant tax advantages during your lifetime— or benefit your estate. Remember, your life insurance needs can change. Once your children become self-sufficient, your life insurance coverage may no longer be needed for the purpose it was originally purchased. Life insurance does not diminish your estate, because the death benefit is paid by the insurance company. Gifts of life insurance can be given in three ways:
There may be additional ways that you could contribute as well! Please contact us at 705-782-2200 or [email protected] to enquire further.
A charitable gift annuity is an attractive way for individuals aged 70 years and older to make a donation to The Kensington Conservancy while receiving a guaranteed income stream for life. This is an arrangement under which the donor transfers a certain sum to the charity subject to a Deed of Agreement which authorizes the charity, acting on the donor’s behalf and working through a life insurance agent, to arrange for a commercial annuity that would pay the amount stipulated by the agreement.
CHARITABLE REMAINDER TRUST
Charitable remainder trusts involve the transfer of property (real estate or other investments) to a trustee that holds and manages it. As the donor, you retain the income generated by the property for life, but leave the residual interest to TKC. Upon the death of the donor or beneficiaries (or the end of the term), TKC would receive the amount that remains in the trust.
ENDOWMENT
An endowment is money that is donated to be permanently invested. The interest generated is spent each year and the original investment remains untouched. Endowments provide smaller gifts to TKC over a longer period of time, but can provide you with tax benefits up front. Endowments or donor-advised funds are a more advanced-level of planned gift and require the expertise of an experienced financial planner or financial institution.
RESIDUAL INTEREST (PROPERTY OR REAL ESTATE)
Residual interest is an arrangement where a donor irrevocably gives real estate or personal property to The Kensington Conservancy while retaining the right to use the property for life or for a term of years. Upon the donor’s death or expiration of the term of years, the donor’s right to use the property ceases, and TKC is given complete control of the property.
GIVING STOCKS OR SECURITIES
Gifts of stock or mutual funds are a way to give from your investment portfolio. By donating them directly to TKC, you can reduce your tax bill and make an outstanding gift at the same time.
DONATING YOUR RETIREMENT FUNDS
Naming a charity as the beneficiary of your registered retirement savings plan or retirement income fund is easy to do and can be highly beneficial. Simply contact the financial institution managing your retirement plan and sign a declaration (known as a “beneficiary form”) naming The Kensington Conservancy as the beneficiary of the plan. You can choose to name TKC as the primary beneficiary, or as a secondary beneficiary in the event that your spouse or other primary recipient should pass on before you. It is not necessary to amend your will in order to take advantage of this option, and designating a charitable beneficiary does not affect your own use of the retirement funds in any way. The after-tax amount of funds remaining in the account upon your demise will go to supporting the cause you believe in, and your estate will receive a charitable donation tax receipt for the full amount of the gift.
GIVING THE GIFT OF LIFE INSURANCE
Depending on how you structure your gift, you can realize significant tax advantages during your lifetime— or benefit your estate. Remember, your life insurance needs can change. Once your children become self-sufficient, your life insurance coverage may no longer be needed for the purpose it was originally purchased. Life insurance does not diminish your estate, because the death benefit is paid by the insurance company. Gifts of life insurance can be given in three ways:
- Change an Existing Life Insurance Policy
- Transfer Ownership of an Existing Policy
- Purchase a New Life Insurance Policy
There may be additional ways that you could contribute as well! Please contact us at 705-782-2200 or [email protected] to enquire further.