What will your legacy be?
Every action we take is a vote for what we will become. Leaving a legacy is a goal of every human being. There are so many ways that you can leave a legacy. We leave a legacy to the next generation through our accomplishments, beliefs, actions and guidance that we give. Giving a financial legacy gift provides an example for the next generation, is a final act of worship to your Lord, and provides years of support for “the least of these” when you give to the Kokomo Rescue Mission. To read more about the impact you can make with your donation read some of our Success Stories.
We have been investing in the the community since 1953. We have been there for our neighbors and will be here for them in the future, with your help. We hope this information will be inspirational and motivational and offer insight to how you can leave a legacy. Please keep in mind that your personal circumstances need to be considered before taking action. As with all tax and estate planning, please consult your attorney or estate specialist.
Donor Directed Funds (DAF)
Donor Advised Funds (DAF) are an easy and tax-efficient way to manage charitable giving. These funds allow donors to receive an immediate tax deduction for their charitable contribution, and then recommend grants from the fund on the donor’s own timeframe. This gift comes from money you have already set aside for charitable purposes, so there is no reduction in funds available to meet your current needs and goals.
How does it work?
- Establish your DAF by making an irrevocable, tax deduction donation to a public charity that sponsors a DAF program.
- Advise the investment allocation of the donated assets (any investment growth is tax free).
- Recommend grants to the charities you support, with the option of being recognized or remain anonymous.
If you are a client to the funds below, you can conveniently click the link below, access your account, and designate the Kokomo Rescue Mission for your giving. Kokomo Rescue Mission’s tax ID 35-1104430
For more information contact: Pam Givens | Chief Development Officer : pgivens@rescuekokomo.org
Vanguard Charitable Endowment Fund
Wills, Trusts, Estates
A Will or a Trust is a personal document that ensures that your money and property will be used to care for loved ones in specific clear ways. You can also use your Will or Trust to make meaningful charitable donations without relinquishing control of your assets. You can leave a specific asset, a specific sum of money, a percentage of your estate, or the remainder of your estate, once your beneficiaries are provided for, to a charitable organization like the Kokomo Rescue Mission.
If you are interested in naming the Kokomo Rescue Mission as a beneficiary in your Will, Trust or Estate-planning instrument, your attorney will find the following information valuable:
Kokomo Rescue Mission
P.O. Box 476
Kokomo, IN 46903-0476
We are a 501 (c) (3) organization incorporated in the state of Indiana.
Tax ID: 35-1104430
If you have included the Kokomo Rescue Mission in your Will, please contact us at 765-456-3838 ext. 126 or email pgivens@rescuekokomo.org
Beneficiary on Life Insurance or Retirement Plan
Sometimes life changes alter your life insurance and retirement plan needs. These could play a major role in your charitable giving. As a primary beneficiary, the Mission would receive the proceeds first. As a secondary beneficiary, we would receive proceeds only if the primary beneficiary cannot. Your insurance advisor or retirement plan administrator can provide the forms needed.