Kansas Forest Service

Gifts of $10,000 or more may be endowed,
meaning that the gift is permanently
invested. The earnings on the fund provide
the income for the donor’s designated
purpose. Gifts of $500,000 or more may
qualify for partial income matching through
the Kansas Board of Regents Faculty of
Distinction Program.

Most contributions to Kansas State
University are cash gifts, made by check,
credit card, or wire transfer.

Gifts of appreciated stocks or bonds entitle
a contributor to two income-tax benefits:
an income tax charitable deduction for the
securities’ fair market value on the date of the
gift and the avoidance of capital gains taxes.

The outright gift of a parcel of appreciated
land or other real estate is a method that
may offer considerable tax savings.
Retained Right to Use Real Estate
A provision in the federal tax law permits
a donor to transfer ownership of a personal
residence or farm to the Kansas Forest
Service through the foundation and retain
the full use of the property while receiving
a current income tax deduction.

All bequests should be made to the Kansas
State University Foundation. The donor can
then designate the Kansas Forest Service.
Notification of future bequests enables the
foundation to consider these expectancies
in long-range planning for gift support.

Many corporations match their employees’
gifts with an equal or greater corporate
contribution. Information on gift matching
is available through a company’s human
resources department.

A charitable bequest can be arranged to
provide income for a selected beneficiary
(i.e., nephew, niece, friend), and support
the Kansas Forest Service in the future by
directing that the bequest establish a charitable remainder annuity trust, a unitrust,
or a charitable gift annuity. The named
beneficiary may receive income from the
trust for life, or for a specified number of
years. When the trust is terminated, the
principal will pass to the Kansas Forest
Service through the Kansas State University
Foundation. In addition to the personal
satisfaction of making a philanthropic gift,
the estate will receive a charitable tax
deduction, reducing estate settlement costs.

A donor-advised fund is a convenient way
for a donor to simplify charitable giving
and take advantage of tax savings at the
same time. Donor-advised funds are viewed
by many as an alternative to establishing
a private foundation. This fund allows the
donor to open a philanthropic account
by making a tax-deductible donation to
the Kansas State University Charitable
Gift Fund. Grants are made at the donor’s
recommendation. The initial contribution
may be in the form of cash or appreciated
stock. For those who want to give money
now but wait to decide where it will be
distributed, this may be a good tool.

Gifts such as art, book collections,
equipment and furnishings that further the
mission of the Kansas Forest Service may
be donated. Feasibility of acceptance by
the university should be determined in
advance of the gift.

Retirement plan assets offer another taxefficient way to make a generous gift. The
account can pass directly to the Kansas
Forest Service as the primary beneficiary,
or it can be transferred to a deferred giving
arrangement that will pay an income for
life to a family member, after which the
remaining assets pass to the Kansas
Forest Service.

When properly arranged, life insurance
offers an attractive way to benefit the
Kansas Forest Service.