Cypress Legacy

Designating a gift to KACS in your will or trust is simple and costs you nothing during your lifetime. Cash, securities, real estate, and tangible property can all be given through a bequest in your Will or Trust.

Record a legacy gift to KACS with a few sentences in your will or trust and a visit to your estate planning attorney. There are many choices when structuring your bequest, you can designate:

• A percentage of your estate
• A designated amount
• A specific piece of property
• A specific program

Benefits of including KACS in your Will or Trust:

• Take care of both your loved ones and the causes you care about.
• Maintain control of your assets during your lifetime.
• Modify your bequest if circumstances change.
• Build KACS’ financial strength and provide resources to continue to support the needs of people in Southern Chester County.

Donors can make planned gifts or current gifts from their IRAs.  

Make a future gift by designating KACS as a beneficiary of your IRA or other retirement account. Contact your IRA/retirement plan administrator about this option.

Benefits of making KACS your IRS beneficiary:

• Continue to take regular lifetime withdrawals.
• Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.
• Leave fewer taxed assets to your family.  
• Build KACS’ financial strength and provide resources to continue to support the needs of people in Southern Chester County.
• It’s easy—you can do it right now, and It takes only 20 minutes. 

KACS Donation Information:

• • Legal name: Kennett Area Community Service
  • Tax ID: 23-2215441
  • Mailing address: PO Box 1025, Kennett Square, PA 19348

Make a significant gift to KACS even without a large estate. 

How it works:

• You transfer ownership of a paid-up life insurance policy to KACS
• KACS decides to cash in the policy now or hold it.

Benefits:

• Make a gift using an asset that you and your family no longer need.
• Receive an income tax deduction equal to the cash surrender value of the policy.
• Make a significant gift to KACS without impacting your cash flow.

• Retirement Assets: Donors can make KACS a beneficiary to a percentage of their retirement plan assets. Benefits to donor include: continuing to take life-time withdrawals, avoiding “double taxation” on your retirement savings incurred if these assets go to your heirs; having the freedom to revoke KACS as beneficiary if your family’s needs change. Contact KACS to learn more about making a gift using these assets.
• Real Estate: Real estate and tangible property can be gifted to KACS. Benefits to a donor include avoiding capital gains tax and reduction of taxable Adjusted Gross Income. Contact KACS to learn more about making a gift using these assets.
• Charitable Trusts and Gift Annuities: Make a gift that provides predictable income for life. Lifetime income gifts are an excellent way to meet your personal and philanthropic goals while providing dependable income for you and your family, tax savings, and a way to support KACS. Contact KACS to discuss these options.
• Donor Advised Funds: Use donor advised funds to make a gift to KACS. DAF contributions are eligible for significant income tax benefits, subject to IRS guidelines, and donors may contribute to their DAFs as frequently as they choose over time. As assets grow, donors can increase their impact on KACS. Contact KACS to learn more about Donor Advised Funds.