A gift in your will or trust, also known as a bequest, is one of the simplest ways to support ATHS, helping to ensure that critical resources are healthy and protected for future generations. A bequest allows you to retain control of your assets and gives you the flexibility to make changes during your life.

Types of Bequests and Sample Language

General Bequest
This option is the most common and flexible, allowing your estate’s executor the ability to honor the bequest from any source. Example: “I hereby give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, the sum of $________ for its general purposes.”

Specific Bequest
This is a specific gift to an individual or organization with a designated source. If you want to leave a specific amount from a specific source or a particular item, this is the type of bequest that you would use. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, 1000 shares of ABC stock to be used for its general purposes.”

Residuary Bequest
This type of bequest is designed to leave the remainder of an estate to a person or organization. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, (all or a percentage of) the residue of the property owned by me at death, real and personal, and wherever situated to be used for its general purposes.”

Contingent Bequest
This bequest is designed to leave a person or organization a gift in the event that the primary beneficiary does not survive you. Example: “In the event that _______ (name of primary beneficiary) should not survive, I give to (the desired sum property, or percentage of your estate) to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization to be used for its general purposes.”

Perhaps the simplest way to support ATHS with a future gift is by naming the organization as a beneficiary of your retirement account(s). Just consult your advisor, complete and sign the forms, and keep a copy with your valuable papers. The flexibility of beneficiary designations means that you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

Example: Bill wants to provide for his children, but he also wishes to leave a charitable gift to the American Truck Historical Society. Bill decides to pass on income tax-free inheritances such as real estate, cash, and life insurance to his heirs, and give his retirement plan assets in support of the American Truck Historical Society. The assets in his account will pass to Trout Unlimited free of any income tax obligation. In addition, Bill’s gift qualifies for an estate tax charitable deduction. Most important, Bill can change his mind at any time about the gift.

A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. Here’s how it works: You donate assets into a DAF and recommend how those assets should be invested. Your contribution is tax-deductible and the assets in the DAF grow tax-free. When you’re ready, recommend a grant to a charity you care about. Some people call it a giving vehicle. Others call it a philanthropic fund. Whatever you call it, a DAF is a convenient, tax-efficient way to give back.

An outright gift. By making a cash gift by check, credit card, or money order today, you enable ATHS to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction when you itemize on your taxes.

A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

Donating stocks, bonds, or mutual funds to The American Truck Historical Society is a simple and tax-wise way to give. Simply transfer the securities to ATHS, and the organization will sell them and use the proceeds for conservation work. In most instances, a donation of appreciated securities (held for more than 1-year) receives both a charitable deduction for the full market value of the asset as well as no capital gains tax on the transfer.

A gift in your will or trust, also known as a bequest, is one of the simplest ways to support ATHS, helping to ensure that critical resources are healthy and protected for future generations. A bequest allows you to retain control of your assets and gives you the flexibility to make changes during your life.

Types of Bequests and Sample Language

General Bequest
This option is the most common and flexible, allowing your estate’s executor the ability to honor the bequest from any source. Example: “I hereby give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, the sum of $________ for its general purposes.”

Specific Bequest
This is a specific gift to an individual or organization with a designated source. If you want to leave a specific amount from a specific source or a particular item, this is the type of bequest that you would use. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, 1000 shares of ABC stock to be used for its general purposes.”

Residuary Bequest
This type of bequest is designed to leave the remainder of an estate to a person or organization. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, (all or a percentage of) the residue of the property owned by me at death, real and personal, and wherever situated to be used for its general purposes.”

Contingent Bequest
This bequest is designed to leave a person or organization a gift in the event that the primary beneficiary does not survive you. Example: “In the event that _______ (name of primary beneficiary) should not survive, I give to (the desired sum property, or percentage of your estate) to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization to be used for its general purposes.”

Perhaps the simplest way to support ATHS with a future gift is by naming the organization as a beneficiary of your retirement account(s). Just consult your advisor, complete and sign the forms, and keep a copy with your valuable papers. The flexibility of beneficiary designations means that you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

Example: Bill wants to provide for his children, but he also wishes to leave a charitable gift to the American Truck Historical Society. Bill decides to pass on income tax-free inheritances such as real estate, cash, and life insurance to his heirs, and give his retirement plan assets in support of the American Truck Historical Society. The assets in his account will pass to Trout Unlimited free of any income tax obligation. In addition, Bill’s gift qualifies for an estate tax charitable deduction. Most important, Bill can change his mind at any time about the gift.

A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. Here’s how it works: You donate assets into a DAF and recommend how those assets should be invested. Your contribution is tax-deductible and the assets in the DAF grow tax-free. When you’re ready, recommend a grant to a charity you care about. Some people call it a giving vehicle. Others call it a philanthropic fund. Whatever you call it, a DAF is a convenient, tax-efficient way to give back.

Donating stocks, bonds, or mutual funds to The American Truck Historical Society is a simple and tax-wise way to give. Simply transfer the securities to ATHS, and the organization will sell them and use the proceeds for conservation work. In most instances, a donation of appreciated securities (held for more than 1-year) receives both a charitable deduction for the full market value of the asset as well as no capital gains tax on the transfer.

An outright gift. By making a cash gift by check, credit card, or money order today, you enable ATHS to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive a federal income tax charitable deduction when you itemize on your taxes.

A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

A gift in your will or trust, also known as a bequest, is one of the simplest ways to support ATHS, helping to ensure that critical resources are healthy and protected for future generations. A bequest allows you to retain control of your assets and gives you the flexibility to make changes during your life.

Types of Bequests and Sample Language

General Bequest
This option is the most common and flexible, allowing your estate’s executor the ability to honor the bequest from any source. Example: “I hereby give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, the sum of $________ for its general purposes.”

Specific Bequest
This is a specific gift to an individual or organization with a designated source. If you want to leave a specific amount from a specific source or a particular item, this is the type of bequest that you would use. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, 1000 shares of ABC stock to be used for its general purposes.”

Residuary Bequest
This type of bequest is designed to leave the remainder of an estate to a person or organization. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, (all or a percentage of) the residue of the property owned by me at death, real and personal, and wherever situated to be used for its general purposes.”

Contingent Bequest
This bequest is designed to leave a person or organization a gift in the event that the primary beneficiary does not survive you. Example: “In the event that _______ (name of primary beneficiary) should not survive, I give to (the desired sum property, or percentage of your estate) to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization to be used for its general purposes.”

Perhaps the simplest way to support ATHS with a future gift is by naming the organization as a beneficiary of your retirement account(s). Just consult your advisor, complete and sign the forms, and keep a copy with your valuable papers. The flexibility of beneficiary designations means that you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

Example: Bill wants to provide for his children, but he also wishes to leave a charitable gift to the American Truck Historical Society. Bill decides to pass on income tax-free inheritances such as real estate, cash, and life insurance to his heirs, and give his retirement plan assets in support of the American Truck Historical Society. The assets in his account will pass to Trout Unlimited free of any income tax obligation. In addition, Bill’s gift qualifies for an estate tax charitable deduction. Most important, Bill can change his mind at any time about the gift.

A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. Here’s how it works: You donate assets into a DAF and recommend how those assets should be invested. Your contribution is tax-deductible and the assets in the DAF grow tax-free. When you’re ready, recommend a grant to a charity you care about. Some people call it a giving vehicle. Others call it a philanthropic fund. Whatever you call it, a DAF is a convenient, tax-efficient way to give back.

There’s a way for you to support the American Truck Historical Society and feel confident that you have dependable income in your retirement years. You can do this with a Charitable gift annuity.

This popular planned gift can provide you with secure lifetime payments and allow us to further our mission. The minimum CGA donation to the ATHS is $10,000, either in cash or with long-term appreciated stock. You qualify for a partial income tax charitable deduction, and a portion of your payments are tax-free throughout your life expectancy.

Like most of the other organizations that offer CGAs, we follow the suggested maximum rates set by the American Council on Gift Annuities.

Gifts That Pay
Your payments depend on your age and the number of annuitants (one or two). If you are between the ages of 55 and 65, we recommend that you learn more about deferred gift annuities from a professional.

With a charitable lead trust, you can pass assets to your family with significant estate tax savings while making a gift to the American Truck Historical Society.  After ATHS receives income from assets in the trust for a period of years, the principle goes to your selected loved ones, with estate or gift taxes usually reduced or even eliminated.

The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost. It is ideal if you are willing to forgo investment income on an asset but do not want to have estate taxes reduce the principal passed to heirs.

A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities. A (CRT) can be a gift of cash or other property.

The income interest can last for one or more lifetimes, for a fixed term that does not exceed 20 years, or for a combination of one or more lifetimes in a minimum fixed term. Longer-term results in a smaller charitable deduction and shorter-term results in a larger charitable deduction. Consult professionals to determine if a CRT is the right option for you.

Donating stocks, bonds, or mutual funds to The American Truck Historical Society is a simple and tax-wise way to give. Simply transfer the securities to ATHS, and the organization will sell them and use the proceeds for conservation work. In most instances, a donation of appreciated securities (held for more than 1-year) receives both a charitable deduction for the full market value of the asset as well as no capital gains tax on the transfer.

There are many advantages to gifting real estate that supports the American Truck Historical Society and saves you taxes.

When you make an outright gift of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.

Fund a charitable remainder unitrust.  You can contribute any type of appreciated real estate you’ve owned for more than one year, provided it’s unmortgaged, in exchange for an income stream for life or a term of up to 20-years.

Appreciated real estate can also be transferred to your family tax-free with a charitable lead trust.

If you are 70 ½ or older, you can make a tax-free distribution from your IRA to the American Truck Historical Society. These “Qualified Charitable Distributions” (QCD) allow individuals to donate up to $100,000 each year without incurring income tax on that amount of their withdrawal.  It’s an efficient way to support ATHS and can help individuals save significant taxes.

To qualify as a tax-free distribution:

• Donors have to be 70 ½ or older to make “tax-free” donations through their IRA or Roth IRA. The donation is “tax-free” because your required minimum distribution would be taxed as ordinary income if it weren’t donated.
• The qualified charitable distribution (QCD) can be as much as a $100,000 per year. You can choose to give more than $100,000 per year from your IRA, but anything beyond that amount is subject to ordinary income tax.
• The donation must be made directly from the custodian of your IRA to the American Truck Historical Society.
• You cannot itemize the gift as a donation when filing your taxes, that would be essentially double counting the donation.
• The donation must be cashed (not just received) by the American Truck Historical Society in the calendar year to satisfy your required minimum distribution.
• You cannot receive any goods or services in exchange for the QCD portion of your IRA donation.

Please consult your professional tax advisor before contributing through your retirement account.

A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. Here’s how it works: You donate assets into a DAF and recommend how those assets should be invested. Your contribution is tax-deductible and the assets in the DAF grow tax-free. When you’re ready, recommend a grant to a charity you care about. Some people call it a giving vehicle. Others call it a philanthropic fund. Whatever you call it, a DAF is a convenient, tax-efficient way to give back.

A gift in your will or trust, also known as a bequest, is one of the simplest ways to support ATHS, helping to ensure that critical resources are healthy and protected for future generations. A bequest allows you to retain control of your assets and gives you the flexibility to make changes during your life.

Types of Bequests and Sample Language

General Bequest
This option is the most common and flexible, allowing your estate’s executor the ability to honor the bequest from any source. Example: “I hereby give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, the sum of $________ for its general purposes.”

Specific Bequest
This is a specific gift to an individual or organization with a designated source. If you want to leave a specific amount from a specific source or a particular item, this is the type of bequest that you would use. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, 1000 shares of ABC stock to be used for its general purposes.”

Residuary Bequest
This type of bequest is designed to leave the remainder of an estate to a person or organization. Example: “I give to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization, (all or a percentage of) the residue of the property owned by me at death, real and personal, and wherever situated to be used for its general purposes.”

Contingent Bequest
This bequest is designed to leave a person or organization a gift in the event that the primary beneficiary does not survive you. Example: “In the event that _______ (name of primary beneficiary) should not survive, I give to (the desired sum property, or percentage of your estate) to the American Truck Historical Society, a 501(c)(3) nonprofit corporation, located in Kansas City, Missouri, or its successor organization to be used for its general purposes.”

Perhaps the simplest way to support ATHS with a future gift is by naming the organization as a beneficiary of your retirement account(s). Just consult your advisor, complete and sign the forms, and keep a copy with your valuable papers. The flexibility of beneficiary designations means that you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

Example: Bill wants to provide for his children, but he also wishes to leave a charitable gift to the American Truck Historical Society. Bill decides to pass on income tax-free inheritances such as real estate, cash, and life insurance to his heirs, and give his retirement plan assets in support of the American Truck Historical Society. The assets in his account will pass to Trout Unlimited free of any income tax obligation. In addition, Bill’s gift qualifies for an estate tax charitable deduction. Most important, Bill can change his mind at any time about the gift.

With a charitable lead trust, you can pass assets to your family with significant estate tax savings while making a gift to the American Truck Historical Society.  After ATHS receives income from assets in the trust for a period of years, the principle goes to your selected loved ones, with estate or gift taxes usually reduced or even eliminated.

The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost. It is ideal if you are willing to forgo investment income on an asset but do not want to have estate taxes reduce the principal passed to heirs.

There’s a way for you to support the American Truck Historical Society and feel confident that you have dependable income in your retirement years. You can do this with a Charitable gift annuity.

This popular planned gift can provide you with secure lifetime payments and allow us to further our mission. The minimum CGA donation to the ATHS is $10,000, either in cash or with long-term appreciated stock. You qualify for a partial income tax charitable deduction, and a portion of your payments are tax-free throughout your life expectancy.

Like most of the other organizations that offer CGAs, we follow the suggested maximum rates set by the American Council on Gift Annuities.

Gifts That Pay
Your payments depend on your age and the number of annuitants (one or two). If you are between the ages of 55 and 65, we recommend that you learn more about deferred gift annuities from a professional.

A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities. A (CRT) can be a gift of cash or other property.

The income interest can last for one or more lifetimes, for a fixed term that does not exceed 20 years, or for a combination of one or more lifetimes in a minimum fixed term. Longer-term results in a smaller charitable deduction and shorter-term results in a larger charitable deduction. Consult professionals to determine if a CRT is the right option for you.

Donating stocks, bonds, or mutual funds to The American Truck Historical Society is a simple and tax-wise way to give. Simply transfer the securities to ATHS, and the organization will sell them and use the proceeds for conservation work. In most instances, a donation of appreciated securities (held for more than 1-year) receives both a charitable deduction for the full market value of the asset as well as no capital gains tax on the transfer.

There are many advantages to gifting real estate that supports the American Truck Historical Society and saves you taxes.

When you make an outright gift of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.

Fund a charitable remainder unitrust.  You can contribute any type of appreciated real estate you’ve owned for more than one year, provided it’s unmortgaged, in exchange for an income stream for life or a term of up to 20-years.

Appreciated real estate can also be transferred to your family tax-free with a charitable lead trust.

There are many ways and outcomes for using life insurance policies as charitable gifts, the most common of which is to name the American Truck Historical Society as a beneficiary. It’s simple, and individuals usually do this when their family is grown and taken care of because the original purpose of the policy is no longer as significant. Request and sign the beneficiary paperwork, and keep a copy with your valuable papers.

ATHS supporters interested in tax deductions have made an absolute assignment (gift)of a life insurance policy or donated a new life insurance policy. Both options allow for a current income tax deduction.

To learn more, consult your tax advisor and contact ATHS via email or by phone at (816) 891-9900.