Richland Kiwanis Foundation - March 2013 Pledge Campaign

Founded in 1971 as the Richland Student Loan Fund, the Richland Kiwanis Foundation today is a non-profit 501(c)(3) charitable corporation organized for the advancement of education.  Each year the Foundation provides scholarship grants to deserving students, based on merit and need, whose ability to obtain post-secondary education may be adversely impacted without financial aid.

The Richland Kiwanis Foundation was established to give individuals, organizations, and businesses the opportunity to directly invest in the educational success of Richland School District students.  Because it is a 501(c)(3) organization donations are tax-deductible.  We encourage you to explore the many opportunities available to contribute to the Foundation and to join us in promoting the educational advancement of Richland students.  We take pride in being transparent and in being excellent stewards of the funds we receive to support the mission of the Kiwanis Club of Richland, Washington.

To aid in supporting its mission, the Foundation maintains an endowment fund.  An endowment fund is a permanent fund that generates income to support Foundation programs.  An endowment is money given with the stipulation that the funds are not spent but rather invested to earn income or appreciate. Earnings from the endowment fund provide support for programs that benefit those we serve. Your gift will continue to earn income year after year, leaving a legacy of caring. 

To make an immediate contribution please use the following link:

There are many opportunities available to contribute to the Foundation.  Some examples are:

1. Cash.  Contributing cash is the easiest and simplest way to make a donation.

2. Stocks and other securities.   If you donate stocks, mutual funds, or other securities you generally can take a charitable income tax deduction for the fair market value of the securities.  Some restrictions may apply however.

3. Life insurance.  The Foundation can be named a beneficiary of a life insurance policy.  Some tax benefits may also be available if premiums continue to be paid on the policy.

4. IRAs.  The Foundation can be named a beneficiary of an IRA or be gifted a distribution from an IRA.  The “IRA charitable rollover” was renewed on January 2, 2013.  It allows individual taxpayers older than 70½ years to donate up to $100,000 from their individual retirement accounts (IRAs) or Roth IRAs to charitable nonprofits such as the Foundation without having to treat the withdrawals as taxable income.  The IRA charitable rollover offers older Americans the opportunity to give to the causes they support without suffering adverse tax consequences.  The giving incentive is of particular value to individuals who do not claim itemized deductions on their tax return because the funds are sent directly to Foundation from IRA accounts and are never counted as income.

5. Wills and trusts.  Several different tax saving opportunities exist if you include the Foundation as a beneficiary in your will or establish a specialized trust. Some examples are:

a. Charitable Remainder Unitrust.  This tax-exempt trust distributes income annually, typically to the donor and perhaps other family members.  The remaining value of the trust would go to the Foundation after the beneficiary has died or after a predetermined number of years. The donor receives a tax deduction for part of the assets placed in the trust.  This deduction varies depending on the life expectancy of the beneficiaries and the amount of the annual distributions. The payments vary based on the fair market value of the assets in the trust.  The assets are valued annually. 

b. Charitable Remainder Annuity Trust.  This version of the charitable remainder trust makes payments to the beneficiaries that do not vary but are predetermined at the time the trust in created.

c. Charitable Remainder Lead Trust.  The charity receives the income for a period of years.  When the trust terminates, the principal goes to family members.  Although there is no charitable income tax deduction, using the lead trust minimizes the gift tax on transfer of the trust principal to future generations.

To assess your personal financial situation, please contact your attorney or personal financial advisor.  If we can help in your assessment please contact Leslie Smith, Attorney, Elder Law Solutions, (509) 946-3010.