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Planned Giving

Planned Giving

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.

 

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 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.
Give income now; heirs get the principal You set up a trust for a term of years after which assets pass to your heirs. 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.