Planned Giving

The Foundation deeply appreciates the commitment of forward-thinking individuals who generously provide annual support and/or plan future support through their estate planning. Support through a planned gift strengthens the Foundation and creates a lasting legacy for generations to come.

Planned gifts to the Körner’s Folly Foundation can take any of the forms listed here. We highly recommend that you consult your attorney, estate planner, tax advisor, or financial manager to ensure you have the most current information regarding the tax implications of each option and in order to determine the best option for you.

How You Can Support the Körner’s Folly Foundation

Bequest by Will

You may choose to make a gift of a stated dollar amount, of specific property, a percentage of your estate, or the remainder of your estate after distributions to other beneficiaries. Assets distributed to the Körner’s Folly Foundation may be exempt from estate tax and may benefit your heirs.

Life Insurance

You may name the Körner’s Folly Foundation as a primary or secondary beneficiary of a life insurance policy, or you can transfer ownership of a policy to the Körner’s Folly Foundation, either paid in full or for which you continue to make payments. The policy transfer may be considered a charitable, tax deductible gift; if you continue paying the premiums payments could also be considered a charitable contribution.

Gifts from Retirement Distributions

You may choose to make a future gift of your retirement plan assets (those in qualified plans such as 401(k)s and IRAs). You can simply designate the Körner’s Folly Foundation as the beneficiary of the plan. Retirement plan assets are ideal for charitable giving purposes because these assets may be heavily taxed when passed to non-spouse beneficiaries.

Gifts of Publicly-Traded Securities

You may choose to donate stock directly to the Foundation. This can be done either by actual certificates or those held in your brokerage account. The Foundation will sell the stock and apply the net proceeds toward our mission, while you could receive a charitable income tax deduction.

Charitable Remainder Trust or Charitable Lead Trust

You may also choose a Charitable Remainder or Lead Trust as a more complex form of planned giving that may offer you a number of tax and/or income advantages by way of a designated trust account to distribute funds to recipients, including the Körner’s Folly Foundation. Consult with your tax advisor or planning professional to determine if a Charitable Remainder or Lead Trust is the right choice for you.

For more information, or to notify us of your planned giving, please contact Suzanna Ritz, Executive Director of the Körner’s Folly Foundation at 336-996-7922 or director@kornersfolly.org.

The Körner’s Folly Foundation is a 501(c)(3) nonprofit organization and is eligible to receive tax-deductible contributions. Körner’s Folly Foundation Tax ID No. 56-1984048. Financial information about this organization and a copy of our license is available from the Charitable Solicitation Licensing Section at 888-830-4989. The license is not an endorsement by the State.