Planned Giving

Thank you for your loyalty to the Kentucky Colonels by your interest in providing for the philanthropic efforts through your estate planning or another major gift.

Colonels have shared with us a wide range of reasons to consider a planned gift. Some simply want to preserve a strong legacy and heritage in the Commonwealth. Other Colonels express their desire to support those nonprofits that need a helping hand. Still other Colonels tell us they’re proud of the enduring charitable history and they want to enhance that philanthropic work. And so many Colonels see a planned gift as a way to memorialize their family’s legacy through the Honorable Order. Whatever your reason, the outcome is the same: to strengthen the lives of Kentuckians.

The Honorable Order commemorates in perpetuity the Colonels who have provided bequests from their estate to help ensure the charitable programs continue without end. Colonels’ names are listed on the Golden Legacy Register.

Of course, you’ll want to discuss your intentions with family or friends and, if you have an estate planner, bring them into the conversation as well.

Below, you’ll find a range of planned giving options. If you don’t have an estate planner, the Kentucky Colonels have a long-standing relationship with Hilliard Lyons Trust, A Baird Company. Their representatives stand ready to help carry out your wishes. If you’d like more information from Hilliard Lyons, contact Sherry Crose at Headquarters, scrose@kycolonels.org or 502-753-0779.

Bequests

A charitable bequest is one of the easiest and most flexible ways to make a gift to the Honorable Order of Kentucky Colonels which will make an impact for future generations of Kentuckians. Bequests are generally unrestricted. The Honorable Order has established one restricted endowment, The Legacy of Honor Society, to recognize those individuals who bequest $100,000 or more and want to designate their gift into a category of grantees. Please see the Legacy of Honor Society page for additional information. Below are samples of language you may use or provide to your estate planning attorney to indicate your wishes.

I give to the Honorable Order of Kentucky Colonels, Louisville, KY, Federal Tax Number 61-0485432

a. The sum of $ _____ dollars

b. ________ percent of my Estate/Trust

c. The following securities, real estate or tangible property ___________

d. Or, ______% of the remainder of my estate after specific amounts are bequeathed to other beneficiaries and estate-related expenses are paid.

or

I give _____ dollars or ________ % of all the residue of my estate to the Honorable Order of Kentucky Colonels, a 501 (c)(3) organization for its general purpose or for the benefit of Trust.

If the Kentucky Colonel’s Good Works Program is already in your will, please let us know so we can ensure your gift is used in accordance with your wishes. You’ll find a letter of intent form here.

Life Insurance

Support to the Honorable Order of Kentucky Colonels may also come in the form of a full or partial beneficiary designation from a life insurance policy.

Retirement Savings Account

Another option you might consider is naming the Colonels as the beneficiary of a retirement savings plan like an IRA or a 401(k) or a pension plan. Colonel Cynthia Shaw used this method to establish the lead gift in the Legacy of Honor Society. She’s supporting those organizations that enhance the community where she lived.

If you are 72 and above and are required to make a withdrawal from your IRAs, please consider directing that withdrawal to the Honorable Order. There are positive tax ramifications that your tax professional can guide you through.

Donor-Advised Fund

A donor-advised fund is like a charitable investment account administered by a sponsoring organization, often a community foundation, Fidelity, Charles Schwab, etc. When you contribute cash, securities or other assets to a donor-advised fund, you’re generally eligible to take an immediate tax deduction. These funds are managed and distributed to your favorite charities at the specified amounts you desire.

Gift of Securities or Cash

By donating appreciated securities (e.g., stocks and mutual funds) to the Kentucky Colonels, you may receive gift credit and an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them, and you may avoid capital gains tax on the securities you donate.

If you need instructions on how to transfer securities, please reach out to Sherry Crose, scrose@www.kycolonels.org or 502-753-0779.

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