Let us help you tailor your charitable gift to your financial, tax or estate planning objectives.
In 1989, Eugene P. Schonfeld was diagnosed with renal cell carcinoma. At the time, aside from surgery, there were no treatments for kidney cancer and a diagnosis meant facing a limited future.
Mr. Schonfeld then formed the Kidney Cancer Association – the first group to focus on renal cancer and bring together key stakeholders for the express purpose of moving the needle in kidney cancer care and research in the hope of better lives for those with the disease.
Today, kidney cancer has over a dozen approved treatments for kidney cancer. Clinical trials of new treatments and new combination therapies expand kidney cancer patients’ options even wider.
Ultimately, after several recurrences, Mr. Schonfeld died of metastatic renal cell carcinoma in 1997. During his life, Mr. Schonfeld fought hard for scientific and medical advances, was an advocacy pioneer, and helped change the landscape for people impacted by kidney cancer.
There is still more to be done, but Mr. Schonfeld reminds us the impact that one can have in life and in death.
We are honored to be part of his legacy and invite you to join the movement through yours.
Donating investment assets—such as appreciated stocks, bonds, or mutual funds—is a tax-effective way to support us in the fight against kidney cancer, and doing so is easier than you may think. When you make a gift of your securities or bonds to the Kidney Cancer Association, you benefit from capital gains tax and significant tax savings. In most cases, donating assets can be done via electronic transfer.
To learn more about the gift of stocks or bonds, click here.
To make a gift of securities, contact Mr. Matt Bradford (602-468-2526), Senior Relationship Manager at Northern Trust, for assistance with gifts of stock to the Kidney Cancer Association.
Click here for more detailed instructions.
Shannon and Kyle were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio. While their investments increased substantially in value, their potential capital gains tax bill was rising. Instead of making an impact in kidney cancer research with their cash assets, they were able to transfer stocks they’ve had for years! They were able to donate a larger gift than if they had given cash, while not affecting their current cash flow and avoiding capital gains tax. Best of all, they want to create a named research endowment in honor of their daughter they lost to kidney cancer.
Are you at least 70½ and looking for a tax-wise way to make a charitable contribution? If so, consider making a qualified charitable distribution, or QCD, from your IRA account. You may know the QCD as the “IRA charitable rollover.” An IRA charitable rollover has several significant tax advantages. It allows you to give up to $100,000 directly from your IRA to charity using pre-tax assets. If you do not itemize, or are subject to charitable deduction limits, the IRA rollover still allows you to give in tax-advantaged ways.
Click here to learn more.
To donate from your IRA, contact your IRA custodian and email Kendall Monroe, Chief Advancement Officer, to let us know to expect your generous donation.
Mr. and Mrs. Thornton make a gift directly from their IRA every year. It allows them to give from pre-tax assets – a nice tax benefit!
For the 2018 tax year, Mr. and Mrs. Thornton planned to file jointly. They are both age 75 and anticipate adjusted gross income (AGI) of $125,000, including $60,000 in RMDs. They would have reported federal taxable income of $98,400. They did not plan to itemize and would have had a federal tax around $13,500.
Instead, they decided to make their yearly KCA contribution using their qualified minimum distribution (RMD) from their IRA. Now they have a decreased reported federal taxable income and saved a couple thousand in tax savings! They donated in honor of all their grandkids and made their giving a family affair – all while receiving a tax benefit!
You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is the most popular and flexible way that you can support our cause.
Click here to tell Kendall Monroe, Chief Advancement Officer, about your legacy.
Create your estate plans using a free tool through KCA’s partnership with FreeWill. Members of our community can use this online estate planning tool to write their legal will — at no personal cost. In just 20 minutes, you can create or update your legally‑binding will here.
We want to make sure your intentions are correctly recorded to uphold your specific wishes for your future contribution.
Joe and Anna have been faithful supporters of our organization. They believe it is important to help further our mission.
Joe: Anna and I believe Kidney Cancer Association is truly helping others. It is important to us to partner with them to make a difference. That is why we have made several gifts over the years.
Anna: But we wanted to do more than just make gifts. Joe and I have been careful and have been able to save enough for retirement. We plan to be generous with family, but we also have the ability to be generous with charity.
Joe: After talking it over, we decided to leave a bequest in each of our wills. Our attorney took the simple language that Kendall Monroe provided and included a nice bequest in my will as well as Anna’s just using a percentage of our remaining assets. We are delighted that we will be helping others through these gifts.
Anna: We also did it in honor of our children, which will be a wonderful surprise as a way we’ve woven them into our legacy!
Beneficiary designation gifts may help your heirs avoid paying income tax on certain inherited assets and may help your estate avoid estate taxes.
Creating a bequest of life insurance is an easy gift to establish just by changing the life insurance beneficiary.
Similarly, you can change the beneficiary if you own a qualified retirement plan, such as an IRA, 401(k) or 403(b).
Click here to Learn more about Beneficiary Designation
Click here to tell us about your beneficiary. We want to make sure your intentions are correctly recorded to be upheld exactly to your wishes.
Hal passed away from kidney cancer a few years ago, and was passionate about the mission at the Kidney Cancer Association. Hal and his wife, Joanne, wanted to leave a legacy and create more research opportunities.
When Joanne met with her attorney, she explained her goals and described her assets. She’d inherited Hal’s IRA, which when combined with her own, would provide her with the necessary retirement security she needed. She even had enough to allow her to take regular vacations and splurge on gifts for the grandkids!
Joanne: I had originally thought about leaving my IRA to our kids and other assets to charity. My attorney suggested a different strategy and told me that an IRA is a great gift to leave to charity. He explained that if my kids inherited the IRA, my estate would pay estate taxes and my kids would pay income tax on the IRA. But, by giving the IRA to charity and other assets to my kids, the kids will still receive a nice inheritance, and we avoid income and estate taxes entirely!
Gifting real estate—such as personal residences, income properties, or undeveloped land—can make a major impact on our work while allowing you to benefit from:
To learn more about gifting land or real estate, click here.
To contact Kendall Monroe, Chief Advancement Officer, about gifting land or real estate, click here.
Mary grew up on a farm. When her parents passed away, she inherited the farm.
Mary: Since I inherited the farm from my parents several years ago, the value has greatly increased. But so has the work. It became such a headache and I didn’t know how to manage, but I knew the capital gains tax would be large if I sold it.
It was my parents’ dream to have an endowment to ensure kidney cancer research could continue, but they could never afford it – they were just farmers! Now by transferring this property to the KCA, I have such a relief in knowing the property no longer needs upkeep and maintenance, and I fulfilled what they would have wanted – research happening in perpetuity in their honor.
Own land or an interest in mineral rights? If so, you can use these assets to support the Kidney Cancer Association while avoiding income taxes associated with production—one of the biggest challenges with owning land rich in oil, gas, coal, iron ore, sulfur, or other precious metal minerals.
To learn more about gifting your mineral interest, click here.
To contact Kendall Monroe, Chief Advancement Officer, about making a gift, click here.
When you execute a deed transferring a house or farm to us, you’re able to retain a “life estate” that grants you the right to use your property however you wish for the rest of your life. After that, ownership of your property transfers to the Kidney Cancer Association.
To learn more about gifting your property while still using it, click here.
Click here to contact Kendall Monroe, Chief Advancement Officer, about a Life Estate Reserved.
If you’re looking for help with cash proceeds or debt relief, donating a portion of your property to the Kidney Cancer Association is one way to do so. Through a bargain sale, we make a cash purchase of your property for less than its fair market value, or we accept a gift of mortgaged property. Then, as part of the purchase, you receive a tax deduction equal to the property’s value minus the sales price.
To learn more about a bargain sale, click here.
Click here to contact Kendall Monroe, Chief Advancement Officer, about a bargain sale.
Are you ready to plan your will or trust or talk about the benefits of estate planning? We want to help. For any questions or to learn more about the benefits of including the KCA in your plans, please contact Kendall Monroe, Chief Advancement Officer at [email protected] or fill out this Planned Giving Contact Form to let us know we are already included in your plans.