Create a Lasting Legacy
“The great use of life is to spend it for something that will outlast it.”- William James
Creating a Lasting Legacy
Do you have an updated will? Everyone needs one, whether you’re 28 or 88. It’s the best way to make sure the people and causes you love are protected. Without a will, the courts decide what happens to your property.
Knox Area Rescue Ministries has partnered with FreeWill to bring you a FREE, innovative resource that helps you write your will online in under 20 minutes and create a lasting legacy with the causes you care about most.
Giving through your IRA
Are you 70 1/2 or older with a traditional IRA? If so, you are eligible to make a tax-free gift to KARM directly from your IRA. These gifts, called Qualified Charitable Distributions (QCDs), are always tax-free, even if you do not itemize deductions on your tax return.
We have a new online tool that makes giving from your IRA easier than ever, and it works with all major IRA custodians. Make your smartest gift in under 10 minutes today.
Many donors prefer to make gifts of appreciated stocks, bonds, mutual funds, or exchange traded funds. Impact on our mission and potential tax benefits are two key factors that many donors consider when making a gift of appreciated assets.
Impact on our Mission
Many of our most committed donors find they’re able to give more generously when they donate appreciated assets than if they’d simply given cash. That generosity means we’re able to achieve more and advance our mission to restore lives in Jesus’ name.
Potential Tax Benefits
If you are itemizing deductions on your tax return, you may be eligible for a charitable deduction of the full value of your gift. Whether or not you are itemizing deductions, though, donating an appreciated asset can help you avoid paying tax on capital gains.
Always discuss donations with a tax consultant to maximize your benefits.
Any questions about these and other ways to give? Please contact Danita McCartney at firstname.lastname@example.org or at 865-633-7625.