Planned Giving to SJCS
Planned giving, gifts that combine philanthropy with estate and financial planning, benefit both you and SJCS. Planned gifts offer both financial and non-financial benefits to you, including helping to fulfill your philanthropic goals, tax savings, asset management, income, security, and gifts to family.
The following are some of the options available:
| Plan | How to do it | Who is most suited? | How does this help? |
| Outright gift | You give assets outright to SJCS and receive a tax deduction. | Those who want to make an immediate impact in their giving. | You get immediate satisfaction; SJCS gets immediate use of gift. |
| Gifting from appreciated stocks or other securities | Transfer long-term appreciated stock or other securities from your account to SJCS. | Those with assets that are highly appreciated and low yielding. | An immediate income tax deduction and immediately usable cash for SJCS. |
| Giving items | Contribute tangible property related to our exempt function. | Those who want to share their enjoyment of an item that would be appreciated by the school. | Avoidance of capital gains tax and charitable deduction based on the full fair market value if used for a purpose related to SJCS's charitable function. |
| Gifting principal | You give cash securities, real estate, or other assets, but retain the right to receive income for life. | Those who want to lock in a charitable gift and receive an income tax deduction, but need income from the donated asset. | You get tax benefits now; principal is available for charitable use at your death. |
| Charitable Gift Annuity (CGA) | Establish a CGA. | Older donors wishing a fixed income for life while avoiding market risks, wanting to change low-paying assets into high-paying assets. | Income tax deduction, higher rate of return (based on age at time of gift) |
| Deferred Charitable Gift Annuity (DCGA) | Establish a CGA that defers payment until a set time. | Those who want tax deductions during peak earning years and fixed income later; can enhance retirement plans. | Income tax deduction, much higher rate of return (based on years of deferral and age at time payments start) |
| Charitable Remainder Annuity Trust (CRAT) | Set up a trust that pays a fixed amount. Similar to CGA, but payment rate is based on stock market when gift is made. | Those giving bonds or certain other types of assets, wanting fixed return, wanting a large gift to accomplish a particular purpose. | It avoids capital gains taxes, gives you an immediate income tax deduction, and gives you a fixed payment for life. |
| Charitable Remainder Unitrust (CRUT) | Set up a trust paying a fixed percentage of the principal as revalued annually. | Those giving real estate or other certain types of assets, wanting possibility of growing return, wanting a large gift to accomplish a particular purpose. | It avoids capital gains taxes, pays you a variable income for life, gives you a current tax deduction, and allows a hedge against inflation. |
| Give income now; heirs get the principal | You set up a trust for a term of years after which assets pass to your heirs (SJCS?) | Donors in high gift and estate tax brackets | Lets you lower or eliminate transfer taxes and avoids taxes on growth. |
| Charitable Lead Trust | Creating a Charitable Lead Trust that pays income to SJCS for a specific time, then passes principal to heirs | Those wanting to minimize transfer taxes while maximizing amounts to children and grandchildren. | Gives SJCS spendable money now; gives your heirs more at end of trust period. |
| Life Insurance | Donors may assign SJCS as owner and beneficiary of a life insurance policy. | Donors who wish to make a major impact gift. | Possible current income tax deduction, reduction of estate taxes. |
| Wills or Bequests | Wills can be amended through a supplement called a codicil without the necessity of redoing the original testament. Bequests may be for a specific amount, a percentage of the donor's estate, or a residual portion. | Donors who wish to make a major impact gift. | Naming SJCS as a beneficiary in your will enriches the lives of many future generations of students, and your estate may receive a charitable estate tax deduction for the full amount of the gift. |
| The SJCS Annual Fund | The Campaign for SJCS |
| Planned Giving | Give Online |
| FAQ |
Contact:
Development Office
206.522.5212