Ways to Support

Current Gifts

Current gifts are always appreciated, and a great way to support KML students through the Foundation.

By giving a current gift, you can see immediate benefits for KML, and your gift will also have a lasting impact on the students and programs at our school.

Current gifts can include:
  • Cash
  • Stocks, bonds, mutual funds
  • Personal property
  • Real estate

Donors to the KMLHS Foundation might be eligible for certain tax benefits, especially when appreciated assets are donated.

For more information on making a current gift to the KMLHS Foundation, contact Wendy at 262-677-4051 x. 1118 or wendy.breimon@kmlhs.org.

Deferred Gifts

A deferred gift is a gift that you designate now, but isn't actually given until a later date. Common types of deferred gifts are made through wills, living trusts, or beneficiary listings.

Deferred gifts are a great way to support our KML ministry. Consider these benefits:
  • Personal cash flow is not affected
  • Current charitable giving can continue
  • It is a great way to make a significant gift to ministry
  • It will provide perpetual support for KML

There are also some tax benefits that might apply when your deferred gift is planning properly.

For more information on making a deferred gift to the KMLHS Foundation, contact Paul at 262-677-4051 x. 1116 or paul.snamiska@kmlhs.org.

Designation in a Will

The most common deferred gift is a designated inheritance through a will or living trust.

A donor can name any individuals or organizations to be recipients of personal assets through these legal documents. A person can also name a charitable organization, such as their church or KML, as a recipient of part of the estate.

People who wish to remember KML with an estate gift have options available to them. Here are a few:

  • Name KML or the KML Foundation as the recipient. Gifts to KML will be used for immediate needs, and gifts to the KML Foundation will be added to the endowment fund and will provide perpetual support for student assistance.

  • Make the gift a restricted gift or keep it unrestricted. In most cases, an unrestricted gift is preferred, but some people like to designate a specific area for their gift. The donor has the right to name that specific area (such as tuition assistance, building fund, etc.) and restrict the gift for use only in that area.

  • Naming rights are an option, especially through the KML Foundation and specifically for student assistance or scholarships. To learn more about this option, please talk to Paul Snamiska before making a final decision.

IRA Charitable Rollover
A Great Option

The IRA Charitable Rollover is a great tool for charitable giving.

The IRA Charitable Rollover is available for those who are 70½ or older and are required to take minimum required distributions from their IRA. They can direct a gift from their IRA to charity and reduce their taxable income. This is the process:

Instead of taking a cash distribution from an IRA, the owner of an IRA, who is 70½ or older, asks the custodian of the account to send a certain amount (maximum of $100,000) to a qualified charitable organization (KML and your church are both qualified charities).

That amount is counted as part of the minimum required distribution, but it is not counted as taxable income.

This option can be a great opportunity for those seniors who would like to donate to KML’s ministry and don’t want to receive additional taxable income.

Donors who use the IRA Charitable Rollover should know that their direct donation to charity will not qualify for a tax deduction.

As with any financial decision, we encourage you to discuss this option with your financial planner and tax adviser before authorizing a rollover.