• Construction is nearly complete on our new 12 bed Memory Care unit.  We are excited for this new addition to quality care on our campus!  Contact Bob Baldwin at 620-241-0919, ext. 120 for more information.

Make a Gift, Leave a Legacy!

When we give to charitable causes, we enrich not only our own lives, but those touched by our generosity. While planned gifts help for the future, gifts today help with our current operations and provide additional day to day support of our residents who are unable to pay fully for the care and support they need.

Many people choose to include charitable interests in their long-range estate planning. There are a number of ways to preserve the financial security of yourself and family while also providing for your charitable causes. For one idea about how you might think about the relationship of your family and your charities, click here.

Examples of planned gifts include:

Wills, Bequests, Testamentary Gifts

A gift to The Cedars in your will allows you to retain your assets during your lifetime and/or the life of your spouse. Designations may be for a percentage of your estate, for a specified dollar amount, or for specific property such as real estate.

If you have placed some or all of your assets in a revocable living trust, you can achieve the same result by making The Cedars a beneficiary in the testamentary sections of that trust.

For suggestions how a will or testamentary trust designation might be worded, click here.

Gift that pays you income -- Charitable Gift Annuity

A charitable gift annuity is a gift that gives back. It provides a way to make a gift to your favorite charity and still receive an income for yourself or others. By giving a lump sum (usually $10,000 or more) to The Cedars, you can receive an annual fixed percentage rate of return for life and it supports The Cedars while providing a nice rate of return for you. For more details on how a Charitable Gift Annuity works, click here.

Designation from a retirement plan

Many retirement plans have provision for designating remaining balances in the plan at the demise of the plan holder. Because of income tax provisions related to something called “income in respect of a decedent” (IRD), there are key advantages to leaving retirement benefits to charity and other assets to the family rather than the other way around. If you have an interest in exploring what this might mean for you, please contact our advancement department at (620) 241-0919 or e-mail advancement@thecedars.org.

This remainder benefit gift is different than the IRA “rollover” described (click here) as a current gifting strategy.

Gifting of Residual from Life Lease

Designating part or all of the residual of your life lease on an independent living unit at the Cedars is a wonderful way to make a significant gift back to the Cedars community. We would welcome a conversation with you about how such an arrangement could be worked out.

Gifts that pay you income -- Charitable Trusts

A Charitable Remainder Trust can provide income for you and/or your spouse while you are living. Thereafter, The Cedars can be named to receive the remainder of the assets. Other charities can be named as principal recipients as well. There are several types of remainder trusts. For more detail click here.

A Charitable Lead Trust is in some ways the opposite of a remainder trust – providing gift income to The Cedars for a period of time, then leaving the trust balance to the family. This approach is useful to a relatively limited number of donors, but can be very advantageous for certain business or personal circumstances for more information click here.

Life Insurance

One possible use of life insurance in charitable gift planning is to make a direct gift of a policy to The Cedars. The face value of the policy makes a significant future gift for a manageable current cost, the annual premium payment.

Another way to use life insurance in gift planning is to establish a gift replacement policy. In this form, you make a substantial gift of property to The Cedars, then establish a life insurance policy to replace those assets for family, paying the premium with the tax saved in the charitable deduction.

Membership in the Cedars Heritage Society

You can be part of the Cedars story by establishing a planned gift which offers membership in the Heritage Society. To see more information about what membership involves, click here. To have us record you as a member, please call (620) 241-0919 and ask for the vice president of advancement.

If you have questions about estate planning, consult your attorney, accountant, or financial planner.