Planned Giving
For more than 25 years, Kripalu Center for Yoga & Health has been a haven for people seeking to revitalize their bodies, open their hearts, and awaken their minds. Kripalu’s power to create transformational change for people from all walks of life is in many ways unique. Its curriculum on topics including yoga, health, personal growth, and spirituality is among the best in the world. With your help, Kripalu will be here to offer future generations the programs and experiences they need to stay healthy and inspired amidst life’s challenges.
Kripalu has established a Legacy Society to acknowledge our donors who have included Kripalu in their estate planning. This type of gift is a wonderful way to provide support to Kripalu for generations to come. We recognize these generous and thoughtful supporters during their lifetimes in Impact, a magazine that spotlights Kripalu’s mission and work in the world. We would like to publish your name as it encourages others to provide similar support, or you may remain anonymous. If you have named Kripalu in your estate plan, please contact Kelly Baxter Spitz, Director of Development at kellyb@kripalu.org and 413-448-3170.
The following chart summarizes the benefits of some of the most common ways to make a planned gift. Kelly Baxter Spitz, in conjunction with our General Counsel, can help you explore how a planned gift can benefit Kripalu for generations to come and provide you with tangible tax benefits. Together with your attorney and/or financial advisors, we can help you create a lasting legacy.
| Your Gift | Your Goal | How You Make the Gift | Your Benefits |
|---|---|---|---|
| Bequest in Will | Defer a gift until after your lifetime. | Name Kripalu in your will (designate a specific amount, a percentage, or a share of the residue.) Ask for sample language. |
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| Life Insurance | Make a large gift with little cost to yourself. | Contribute a life insurance policy you no longer need, or name Kripalu as beneficiary of all or part of policy. |
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| Retirement Assets | Avoid the twofold taxation on IRAs or other employee benefit plans. | Name Kripalu as the beneficiary of the remainder of the assets after your lifetime. |
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| Real Estate | Make a gift of an asset no longer needed and generate an income-tax deduction. | Donate property to Kripalu. |
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| Retained Life Estate | Give your personal residence, vacation home, or farm now but continue to live there. | Deed ownership of your home to Kripalu but retain occupancy. |
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| Revocable Living Trust | Make a revocable gift during your lifetime. | Name Kripalu as the beneficiary of assets in a living trust. |
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| Charitable Remainder Unitrust | Create a hedge against inflation over the long term and supplement your retirement income. | Create a trust that pays a fixed percentage of trust’s assets as revalued annually. |
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| Charitable Remainder Annuity Trust | Secure a fixed income and supplement your retirement funds. | Create a charitable trust that pays you a set income annually. |
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| Charitable Lead Trust | Reduce gift and estate taxes on assets you pass to children or grandchildren. | Create a charitable trust that pays fixed or variable income to charity for a specific term of years; principal is retained for heirs. |
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