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Gifts | Projects | Home
Our donor decide what they want their gifts to be used for.
These may be gifts to an established activity fund such as the golfers fund, the low-vision fund or the child care center equipment fund. Donors may also make gifts to set up a new activity fund that has a special interest to them.
Donors may also choose one of the Foundation's Endowment Funds, where only the interest income is used:
- Resident Financial Assistance Endowment Fund
- John Knox Village Foundation Endowment Fund
Each year, the staff presents to the trustees a list of projects needing funding for which no funding sources exist. The trustees then decide which projects the Foundation should undertake and they utilize undesignated gifts to fund those projects.
Four ways to provide financial support for the special projects of the Foundation include:
Cash gifts can be deducted up to 50 percent of your adjusted gross income. Bonds and mutual funds are similar to cash in their tax treatment.
Appreciated stock (held more than one year) makes an excellent gift because you avoid all capital gains taxes, and you receive a tax deduction of up to 30 percent of your adjusted gross income on the full value of the gift.
A unique way to make a significant future gift is to name the Foundation beneficiary to receive all or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value of the policy, which reduces your tax liability in the year of the gift.
One of the simplest ways to give part of your estate is through a will. You can make a gift of a specific dollar amount, a percent of your estate, or what is left (remainder) after others have been taken care of.
When you include the Foundation in your will, you also become a member of the John Knox Village Foundation Estate Society.
To give a gift that enriches the lives of older adults, contact the Village Foundation office at (816) 347-2382. |
