planned giVING
Some feel that planned giving is only for the wealthy, but anyone can enhance their capacity to give by careful consultation. With Planned Giving, you can provide long-lasting support for Christian Encounter while enjoying financial benefits for yourself. Read below to learn more about various types of planned gifts.
GIVING THROUGH YOUR ESTATE
A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support your favorite causes.
Through a bequest, you can gift a specific dollar amount, specific assets, a percentage of your estate, or a portion of the balance (residue) of your estate.
Through a bequest, you can gift a specific dollar amount, specific assets, a percentage of your estate, or a portion of the balance (residue) of your estate.
GIVING THROUGH YOUR IRA
If you are over 70½, the Pension Protection Act of 2006 also provides an exclusion from gross income for distributions to charities of up to $100,000 from a traditional IRA or Roth IRA, which would otherwise be included in income.
GIVING THROUGH YOUR RETIREMENT ASSESTS, LIFE INSURANCE, etc.
You can designate Christian Encounter as a beneficiary of a retirement, investment, or bank account or your life insurance policy.
GIFTS OF APPRECIATED ASSETS OR PROPERTY
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Christian Encounter. Donating appreciated securities eliminates capital gains taxes at the time the gift is made or the trust is established, and the charitable deduction for the donation in calculated from the full market value of the stock.
GIFTS OF REAL ESTATE
A donor may deed his or her property to CER, but retain responsibility for the property and the right to live there for the rest of the donor’s life. The value of the remainder interest in the property is determined and can be used for an immediate income tax deduction. In addition, no capital gains are paid on the appreciated value.
Property can also be devised to CER in a will with the value of the property deducted from the estate, thereby reducing the amount subject to estate tax.
Property can also be devised to CER in a will with the value of the property deducted from the estate, thereby reducing the amount subject to estate tax.
GIVING THROUGH CHARITABLE Trusts & GIFT ANNUITIES
- CHARITABLE REMAINDER TRUSTS - Charitable remainder trusts are created by placing assets in trust for CER. During the donor’s lifetime the trust will yield income to the donor. If the trust is funded with appreciated assets, capital gains tax is avoided. In addition, the donor is entitled to a charitable tax deduction for the calculated remainder value of the trust.
- CHARITABLE LEAD TRUSTS - A donor can essentially lend an asset that yields income to Christian Encounter Ranch (CER) for a specified number of years. When the term of the charitable lead trust is complete, the asset, including any appreciation, passes to whomever the donor has designated.
- CHARITABLE GIFT ANNUITIES - A charitable gift annuity is a gift (cash or property) that provides the donor with a partial tax deduction and guaranteed fixed payments for life. When the donor passes, the charity keeps the gift.
Please contact Zach for more information at 530-268-0877 or zach@christianencounter.org.