GIVING
Ways to Give: Remainder Gifts

Bequests – You can establish or add to your named fund in your will or trust through a bequest to Wamego Community Foundation. Your gift can be used to accomplish almost any charitable goal, including establishing a scholarship fund or an endowment for a particular charity or leaving a family legacy which allows children to continue their involvement in charitable grant making. You are encouraged to work with your lawyer or financial advisor to explore the many

options available to help meet your charitable objectives.

Pension plan beneficiaries – For a gift through your estate, retirement plan assets (such as a profit sharing plan, 401(k) plan or IRA) are often the best to give because they are so heavily taxed if left to heirs. By naming Wamego Community Foundation as the remainder beneficiary of these assets, you can leave a very efficient legacy.

Life insurance beneficiaries – Perhaps you would like to contribute the proceeds of a life insurance policy to help the community through the Community Foundation, but you are not ready to give up ownership of the policy. By naming Wamego Community Foundation only as beneficiary, you retain ownership of the policy and have access to the cash value as well as the right to change the beneficiary at any time. This type of contribution allows you to give to your favorite charity after you die, even if you don't have the liquid assets right now. While you retain ownership of the policy, there is no charitable deduction for the value of the policy or for subsequent insurance premiums. However, any proceeds payable to Wamego Community Foundation at your death will not be subject to federal estate taxes.