4-H has loyal community supporters. Supporters who care about longevity and legacy – not only within our personal families, but within our 4-H family and community. 4-H also has generations that have grown up through the program and have become an extended family.
Those who care deeply about 4-H can be a 4-H super hero by leaving a legacy through a planned gift. Examples can include everything from a simple bequest – leaving a percentage of your assets – to stock gifts in support of 4-H.
While a survey conducted by Caring.com indicates only 42 percent of U.S. adults currently have a will, it can be a rewarding process to work through for you, your family and causes you care deeply for.
Estate planning is critical to managing your assets and protecting your family. A will provides clear direction for the distribution of your estate. Donors may bequeath a specific amount, a percentage of the estate, or a residual after other distributions from an estate are fulfilled to support Michigan 4-H.
In addition to bequests and stock gifts, additional types of planned/deferred gifts include:
- Testamentary charitable remainder trusts.
- Charitable remainder unitrusts.
- Charitable gift annuities.
- Life estate contracts.
- Gifts of life insurance policies or retirement funds.
- Charitable lead trusts.
Additional Planned Gift Considerations
- Planned gifts may establish a new or grow an existing perpetual named endowment or fund.
- Gifts of any type may be designated to support a specific 4-H program area, county 4-H program, Kettunen Center or the Michigan 4-H Children’s Gardens. Unrestricted gifts may also be made to support future and emerging needs of 4-H youth development.
- Documented planned gift donors qualify for recognition in the A.G. Kettunen Society during their lifetime.
- Both future and realized planned gifts can count toward the Campaign for Michigan 4-H’s Future $12.5 million goal.
If you are interested in exploring planned gift options in support of 4-H, please contact Amanda Masters, assistant development director for 4-H, at (517) 884-4691 or by e-mail at email@example.com, to verify that your gift intent can be met. Consulting with personal legal counsel and/or a tax adviser for definitive assessment of the tax benefits of and limitations on planned gifts is also recommended.
The Michigan 4-H Children’s Gardens has received several distributions from the estate of Owen G. Barr, of Grand Ledge.
Barr was born July 15, 1921, in Delaware Twp., Ohio, and passed away Sept. 3, 2014, in Lansing, Michigan. Owen was the owner of Lansing Ice and Fuel and a veteran of WWII, serving in the U.S. Army. He took great pride in caring for his house and yard along with giving back to his community.
Estate gifts can make a difference by meeting critical needs for 4-H, and in this case, the Michigan 4-H Children’s Gardens.
“The gardens exist on private funding. When estate gifts are received, they are turned right back around to developing the program and supporting the staff that works at the gardens,” said Norm Lownds, Michigan 4-H Children’s Garden curator. “The 4-H Children’s Gardens depend on donations for it to even exist.”
Thanks to Barr’s generosity, several upgrades to the Michigan 4-H Children’s Gardens have been made possible in preparation for the Michigan 4-H Children’s Gardens’ 25th anniversary next year. The renovations being made will help enhance and expand the efforts to connect kids to plants and the environment.
“Estate gifts allow us to enhance and expand both the physical 4-H Children’s Gardens and the programs that we offer. These gifts allow us to continually meet the changing needs of teachers, students and parents in ways that enable kids to experience plants in new and exciting ways,” Lownds said.
Estate gifts are considered a type of planned gift. Planned gift donors who provide documentation of their legacy commitments for 4-H in advance are recognized as members of the A.G. Kettunen Society. Established in 2007, this society allows donors to share their wishes and the impact they would like to see their gift make to benefit Michigan’s youth. A.G. Kettunen Society members receive a recognition certificate, permanent acknowledgement as legacy donors in the foundation’s annual report, and, for gifts that exceed $25,000 at maturity, recognition as Cornerstone Society members.
“An estate gift to the 4-H Children’s Gardens is an excellent way to leave a legacy that will impact the community and next generations. Support will ensure that our world-class children’s garden and its world-class educational opportunities are available to children and families for years to come. Support provides opportunities for children to experience plants in ways that will impact them for the rest of their lives. Estate gifts help to ensure that the amazing space that is the 4-H Children’s Gardens will be here for kids to experience for the next 25 years and beyond,” Lownds said.
If you are considering any type of planned gift, please contact Amanda Masters, assistant development director for 4-H, at (517) 884-4691 or by e-mail at firstname.lastname@example.org to verify that your gift intent can be met.
Photo cutline: Thanks to an estate gift from Owen G. Barr, several upgrades to the Michigan 4-H Children’s Gardens have been made possible in preparation for the Michigan 4-H Children’s Gardens’ 25th anniversary next year.
An estate gift from Roderick and Shirley Parsch will help sustain the work of the Michigan 4-H Foundation and its support for Michigan 4-H Youth Development.
Lapeer County 4-H alumnus Rod Parsch served as a Michigan 4-H Foundation trustee from 1964 until his death in 1990. He was posthumously honored as a trustee emeritus. Parsch served as Michigan 4-H Foundation president from 1970 to 1973, chaired the resource development committee and was instrumental in leading fundraising activities on behalf of the foundation.
Parsch was the CEO of Lapeer County Bank and Trust Company from 1956 to 1984. He continued to serve as board chair after his retirement in 1986. He served in World War II, receiving two Purple Hearts, the Silver Star and the Bronze Star. He was active
in several banking associations and served as president of the Independent Bankers Association of America. Additionally, he was active in many Lapeer organizations, including the hospital board and the St. Vincent DePaul Society. He graduated from the School of Banking, University of Wisconsin, and also served on the faculty of Ball State University.
During his tenure on the Michigan 4-H Foundation board, Parsch realized the power of planned giving. Parsch named the Michigan 4-H Foundation as a beneficiary of his trust upon the death of the survivor. Parsch died Feb. 19, 1990; Shirley passed away this past March.
The Parschs’ estate gift qualified them for membership in the Cornerstone Society and also the Founders Society, a new society recognizing donors of $10,000 or more to the Founders Fund Endowment or those who make an unrestricted planned gift that, when received, can be used to grow the foundation’s long-term reserve.
Planned gift donors are recognized as members of the A.G. Kettunen Society, established in 2007 to provide lifetime recognition to donors who have made documented future gifts to 4-H. It allows donors to share their wishes and the impact they would like to see their gifts make to benefit Michigan’s youth. A.G. Kettunen Society members receive a recognition certificate, permanent acknowledgement as legacy donors in the annual report, and, for gifts that exceed $25,000 at maturity, recognition as Cornerstone Society members.
The Michigan 4-H Foundation invites any donor considering a planned gift to contact the foundation at (517) 353-6692 to verify that the intent of the gift can be met.