HKC in Action.

Planned Giving

Wills and Estates:

A will is a legal document that ensures your estate is distributed and your family is cared for as you direct. With a will, your wishes are carried out. Without a will, the state makes all major decisions, including how your assets will be distributed. No charitable gifts can be made from your estate without a stated designation through a will.

Naming the Historic Kansas City Foundation in your will or living trust allows you to make a charitable gift and at the same time allows you to maintain control over your assets during your lifetime. The terms of your will are flexible and can be changed should you need to modify your charitable bequests.

Giving to HKCF through your will and estate is a special way to share your passion for preservation. Bequest language is simple and the charitable bequest can be either a fixed dollar amount, a percentage of the total estate or a percentage of the residual estate.

      More Info and Sample Language:

  • Specific Bequest Language: “I give to the Historic Kansas City Foundation, located in Kansas City, MO the sum of $_______ to be used for its general operating support (or for the support of a specific program).
  • Percentage of Estate Language: “I give _____% of my estate to the Historic Kansas City Foundation, located in Kansas City, MO.”
  • Residual Bequest Language: A residual bequest comes to us after your estate expenses and specific bequests are paid. “I give and devise to the Historic Kansas City Foundation, located in Kansas City, MO all (or a stated percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general operating support (or for the support of a specific program).
  • Contingent Bequest Language: The Historic Kansas City Foundation can be named as a contingent beneficiary in your will if one or more of your specific bequest cannot be fulfilled: “If (insert name) is not living at the time of my demise, I give and devise to the Historic Kansas City Foundation located in Kansas City, MO the sum of $_________ (or all or a percentage of the residue of my estate) to be used for its general operating support (or for the support of a specific program).

HKCF is a nonprofit corporation and is qualified for tax exemption under Section 501(c)(3) of the Internal Revenue Code. Our tax identification number is 23-7368504.

We suggest contacting an attorney to prepare a will that reflects your express wishes.

Trusts:

A Revocable Living Trust is an arrangement you make for the management and distribution of your assets, creating a financial plan that can provide for your needs today while also designating future gifts. A Trust is a legal arrangement, and the designated trustee becomes responsible for holding and investing your assets, collecting income, paying normal expenses, and distributing net income.

The term “revocable” means that you can change the provisions in the trust. The term “living” refers to the management of your assets while you are still alive. This relieves you of any concerns should you become ill or no longer want this responsibility.

Like a will, a trust also determines how assets will be distributed upon death, but a trust offers additional benefits. Notably, a trust is a private document and not a matter of public record like a will. Also, assets in a trust do not go through probate, potentially saving time and money. You can learn how to set up a trust document with the help of a qualified attorney.

If you wish to include the Historic Kansas City Foundation in your trust, you will need to include our full legal name, address and tax ID number:
Historic Kansas City Foundation, 234 W. 10th Street, Kansas City, MO 64112.

HKCF is a nonprofit corporation and is qualified for tax exemption under Section 501(c)(3) of the Internal Revenue Code. Our tax identification number is 23-7368504.

Life Insurance:

Most people purchase a Life Insurance policy to provide for their children, protect their home mortgage, or secure retirement funds. As people age, they often find that they no longer need financial protection in these areas. If that describes you, your Life Insurance policy can be used to support the on-going work of the Historic Kansas City Foundation.

Depending upon your needs and circumstances, there are a number of ways you can use your policy for charitable means. For example, you can name HKCF as the owner and beneficiary of your policy, as the sole beneficiary, as a co-beneficiary, or secondary beneficiary. Alternatively, you may assign annual dividends to HKCF as a charitable contribution which may be deducted on your income tax return. Finally, you may fund a gift annuity with your policy. Tax benefits will depend upon on the method of giving you choose.

HKCF is a nonprofit corporation and is qualified for tax exemption under Section 501(c)(3) of the Internal Revenue Code. Our tax identification number is 23-7368504.