Ways to Give
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In addition to cash gifts made to the school, there are other ways you may wish to make your gift:
- Bequests: When properly planned, naming the Academy as a beneficiary of your will can reduce the rate at which your estate is taxed. Bequests can be made for a specific dollar amount or a percentage of your estate.
- Charitable Gift Annuity: A gift annuity is a contract between the donor and the Academy whereby the donor transfers cash or property to the school in exchange for a partial tax deduction and a lifetime stream of annual income from the school. The gift is transferred to the school upon death.
- Charitable Lead Trust: Donors can establish a lead trust, naming the Academy as its charity, reducing the amount of gift or estate tax. The trust pays a specific amount to the Academy for a fixed period of time. After that term, the remainder goes back to the donor or the beneficiaries.
- Charitable Remainder Annuity Trust: Donors can avoid capital gains tax by placing a gift of cash or property into a trust and designating the Academy as the beneficiary. The trust pays a fixed amount of income to the Academy each year, with the remainder of the trust transferred upon death of the donor.
- Life Insurance: Depending on the type of the gift, life insurance provides tax benefits and paid-in-full policies can be accepted.
- Matching Gifts: Many companies offer matching gifts to an employee’s charitable contributions, which can double the gift made to the Academy. The amount matched by an employer is added to the employee’s gift. To find out if your company participates with gift matching, contact your personnel office.
- Real Estate: The Academy welcomes gifts of real estate, transferred during a lifetime or by will, resulting in a reduction in estate tax.
- Scholarships: Donors wishing to establish a scholarship at the Academy can choose one of two types – an endowed scholarship or a named scholarship. Scholarships, established through an endowment, are funded through income earned by the endowment and is a permanent fund. Contributions are invested prudently to ensure that the scholarship retains its value in years to come. Named scholarships are established in honor of an alumna, a family member, friend, mentor or organization. Donors of these types of scholarships may specify base criteria used when selecting scholarship recipients.
- Securities: The Academy welcomes gifts of securities or stocks, which can reduce the donor’s capital gain and income tax.
For more information about the ways you can give, contact the Development Office at 808-734-5058, ext. 333, or email firstname.lastname@example.org.