Planned Giving

List of 7 items.

• Bequests

  A bequest through a will is the most common type of planned gift, and does not draw on assets during a donor’s lifetime. Bequests can be estate distributions of cash, securities, real estate, or personal property. Types of bequests include a percentage bequest, a fixed-dollar bequest, a residual bequest, and a contingent bequest. Important estate tax savings may result from a bequest. Contact us for suggested bequest language.

• Charitable Remainder Trusts (CRTs)

  CRTs allow a donor to make a gift to All Saints Episcopal School while at the same time achieving several other financial objectives. When you create a CRT, you irrevocably transfer money, securities, real estate, or other assets to a trust that will then pay you an income for life or for a period of years. If you wish, the trust also can pay an income to another beneficiary. At the death of the surviving beneficiary, the remaining principal in the trust goes to All Saints. Several types of CRTs allow the donor to tailor their gifts to best serve their own needs.

• Donor Advised Fund (DAF)

  A donor-advised fund, or DAF, is a philanthropic vehicle established at a charity which  allows donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund over time. An easy way to think about a donor-advised fund is that it operates like a charitable savings account: a donor contributes to the fund as frequently as they like and then recommends grants to their favorite charity when they are ready.  

   

• Gifts of Stock

  Benefactors may choose to donate gifts of stock to All Saints, which can be a great method of gifting when the stock market is in a strong period of growth.  The donor may contact the Advancement Office regarding a stock transfer, and this will be handled between the donor’s broker and the school’s investment firm.  Stock shares will be sold immediately upon receipt into the school's account.  Donations are fully tax-deductible based on valuation determined by your tax advisor.

• Individual Retirement Account (IRA) Qualified Charitable Distribution

  The Qualified Charitable Distribution (QCD) from an Individual Retirement Account (IRA) remains unchanged with the new tax law to go into effect in 2018. A quick recap of the QCD is timely here:

  •             The IRA owner must be 70 1/2 or older; 

  •             The transfer can be for no more than $100,000/yr. , the amount may be smaller;

  •             The QCD is not reported in your taxable income, but you receive no tax deduction;

  •             Only applies to gifts from Individual Retirement Accounts and NOT from 401(k) plans, SEP IRA’s or other tax-favored retirement planning vehicles;

  •             Qualifies toward the required minimum distribution. The transfer is made directly from a custodian or trustee to a qualified charitable organization;

  •             Discuss with your tax and financial advisor before initiating such a gift.

   

  Because of the new tax law’s increased standard deduction, many taxpayers will no longer itemize and therefore will not deduct charitable contributions.  The QCD can be advantageous in that you avoid recognition of income by diverting all or part of your required minimum distribution directly from your IRA custodian to the qualified charity.

   

  In addition to supporting a qualified charity with a QCD, you may still consider the charity as a primary or secondary beneficiary of your IRA account after your lifetime.  Because these funds are received by a qualified charity with no income tax liability, they can be a great choice for your after-lifetime philanthropy, leaving tax friendly assets to pass to your family and other heirs.

• Life Insurance

  Donors may choose to give life insurance policies to All Saints either as an immediate gift or as a provision upon their passing. This can be an easy way to make a gift to the school without revising your will and may have advantageous estate tax consequences. Donors may make All Saints Episcopal School either a beneficiary or an owner and beneficiary of a life insurance policy. Donors who consider giving life insurance policies do so because they have no heirs or because they already have made provisions for beneficiaries through other financial vehicles. Contact us for the information to put on the beneficiary designation form.

• Retirement Plans

  Donors may consider making All Saints Episcopal School a beneficiary of a percentage of their pre-tax qualified retirement plans, such as an Individual Retirement Account, 401k, 403b or Thrift Savings Plan, to name a few. This is done via a beneficiary designation form.  These pre-tax assets are received by a qualified non-profit free from income tax liability, leaving other tax-friendly assets available to pass along to your family and other heirs. Contact us for the needed information to put on the beneficiary designation form.