-
Gifts of Cash
-
Securities
-
Life Insurance
-
Bequests
-
Charitable Remainder Trusts
-
Charitable Lead Trusts
Gifts of Cash
Gifts of cash are the most common way to make contributions to the education foundation. Whether a gift is in honor or in memory of someone special, or to meet a donor’s charitable wishes, gifts of cash contributed to the foundation support annual programs and operations. To make a cash contribution by mail, download the gift donor card. To make a credit card donation on-line, click here. return to top
For gifts of securities, life insurance, bequests, or charitable trusts, please call the foundation office. The foundation can provide assistance with estate planning, wills, planned gifts and transfers of securities.
Securities
Contributions of stock and securities are attractive to donors who have held stocks and bonds for a long period of time, especially when the stock has appreciated and the capital gains tax would take a substantial portion of the value if the stocks were liquidated. With gifts of appreciated securities, a donor is able to make a significantly larger contribution to the foundation than the actual or original cost of those securities, so both the donor and the foundation benefit. return to top
Life Insurance
A life insurance policy can be used as a charitable gift. A donor may have been paying premiums on life insurance for years, but now the protection is no longer needed or the policy may be paid up. Because the policy has value, the donor may transfer the policy to the education foundation, making the foundation both owner and beneficiary of the policy. The donor will receive an immediate tax deduction usually in the amount equal to the cash surrender value. return to top
Bequests
A donor may make a bequest in a will or testamentary trust. Such gifts are exempt from estate tax. return to top
Charitable Remainder Trusts
Charitable remainder trusts are arrangements between the donor and the foundation. The donor transfers cash, property or securities to the trust but retain the right to receive the income for life or a specific number of years. The percentage of income the donor receives must be at least 5% and is determined by the age of the donor or the donor’s beneficiaries. After the death of the last beneficiary, the foundation receives the assets and will establish a fund designated by the donor. return to top
Charitable Lead Trusts
Donors may name one or more charities to receive a specified percentage of income annually from a trust for a specific number of years and then the trust assets are returned to the donors or their heirs. When properly planned, the charitable lead trust allows a donor and family to avoid substantial federal estate taxes. return to top
