Planned Giving: Leave A Legacy
The Kirkwood School District Foundation (KSDF) is a group of parents, alumni and friends working to build a stronger community by raising private funds to enrich the educational experience for all students in the Kirkwood School District. We are delighted that you are considering a planned gift to support our mission. Your planned gift can benefit a restricted purpose (for example, establishing a Named Award Scholarship at $20,000 or more, or to specifically support the Walker Natatorium Legacy Fund), or an unrestricted purpose (a gift to support the general mission, purpose and programs of KSDF).
KSDF is a tax-exempt, 501c3 charitable organization, thus planned gifts to KSDF can potentially result in tax savings for you and/or your estate. We strongly advise you to consult with your legal and tax counsel when considering a planned gift.
Please review the following planned giving options and contact Stephanie Collet, Executive Director KSDF, at 314-213-6123, or Linda Ross, President KSDF, at 314-435-2246 for a confidential discussion of planned giving options, made either during or following your lifetime.
Wills and Bequests
A gift via will or bequest is an ideal way to ensure that your and your family’s needs are taken care of during your lifetime while benefiting a valued charity such as KSDF after your passing. The following suggested language may be discussed with your legal counsel while developing your will or trust:
Unrestricted Bequest: “I give and Bequeath to Kirkwood School District Foundation, Federal EIN # 43-1526652, (please insert dollar figure or estate percentage), for the use and benefit of the mission and general purposes of the Kirkwood School District Foundation.”
Restricted Bequest: “I give and Bequeath to Kirkwood School District Foundation, Federal EIN# 43-1526652, (please insert dollar figure or estate percentage), to establish the (for example, the John Doe Named Award Science Scholarship) ”
You can promote our work and benefit future generations of Kirkwood School District students by designating the Kirkwood School District Foundation as a beneficiary on your bank account, certificate of deposit, an IRA, fully-paid life insurance policy or your brokerage account by listing the following on your institution’s or IRA custodian’s beneficiary form:
Kirkwood School District Foundation: EIN # 43-1526652
1099 Milwaukee Street, Kirkwood MO 63122
If you hold long-term (purchased more than one year ago) publically traded securities, you may be able to benefit the Kirkwood School District Foundation while avoiding capital gains tax and obtaining a potential federal charitable tax deduction (if you itemize) on the fully appreciated value of your stock. Please contact Stephanie Collet, Executive Director KSDF, at 314-213-6123, or Tim Schulze, Treasurer KSDF, at 314-249-8107 for a confidential discussion of a stock gift.
Charitable IRA Gifts (Qualified Charitable Distributions-QCD)
In December 2015, Congress passed and the President signed into permanent law charitable IRA distributions per the following guidelines:
* You must be 70½ or older to be eligible to make a QCD.
* The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
* For a QCD to count towards your current year’s Required Minimum Distribution, the funds must come out of your IRA by your distribution deadline, generally December 31. A QCD does not qualify for a charitable deduction (if you itemize on your federal return), nor does it count as taxable income in the tax year when you execute the gift.
To make a QCD gift from your individual IRA, please inform your IRA custodian that you intend to make a Qualified Charitable Distribution directly to Kirkwood School District Foundation, Federal EIN # 43-1526652. The check should be made payable to “Kirkwood School District Foundation” and be sent DIRECTLY from your IRA custodian to the attention of Stephanie Collet at the following address:
ATTN: Stephanie Collet
Kirkwood School District Foundation
1099 Milwaukee Street
Kirkwood, MO 63122
Failure to send the check directly from your IRA custodian to a charitable organization could result in a taxable event.
Please request that your IRA custodian include a cover letter or note identifying you as the donor and providing your mailing address so we may promptly transmit a donation acknowledgment letter to you. If you or your custodian have any questions, please contact Stephanie Collet, Executive Director KSDF, at 314-213-6123, or Tim Schulze, Treasurer KSDF, at 314-249-8107.
Together, we are enriching the educational experience for all Kirkwood School District students. On behalf of our students, faculty and staff, Thank you!!