Have you ever considered the possibilities of the good each of us can do beyond our lifespan? Just imagine how much Psychology could grow and contribute to society if each of us remembered the Kentucky Psychological Foundation in our will or estate planning. There are many ways to Leave a Legacy and to nurture the association that represents the voice of psychology in Kentucky.
|Dr. Ernest Meyer died in the 1950's...
|This spring, he will support two psychology students in their research efforts.
Charitable Statistics: An Untapped Well of Good
- There are more than 260 million Americans, of whom approximately two million die each year.
- In 1996, 79,346 estate tax forms were filed with the federal government. (At the time, these forms were required for estates in excess of $600,000.) Eighteen percent of the forms listed a charitable gift.
- In other words, 82 percent of the nation's wealthiest individuals left nothing to charity.
- In addition, the IRS tells us that charity is getting a decreasing share of the money in these wealthy estates, from 21.8 percent in 1976 to 6.3 percent in 1992.
- According to a 2004 Associated Press news story, only 42 percent of adults have wills, a five percent drop since 2000.
If only 20 percent of Americans left a charitable bequest, the current number of charitable bequests would more than double. Imagine what the impact to charitable organizations would be if the 80 percent of Americans who give during their lifetimes also made a charitable gift through their estate plans!
To learn more about why and how to give, visit the Leave a Legacy website. (more)
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