It may seem simple to send a check or immediate cash gift to support the cause of Evangelical, and we greatly value those who support us in this way. However, there is a vital, long-term way that you can support and preserve the future of this institution: through planned giving. Planned or charitable giving in your estate planning can include a wide variety of giving vehicles.
Charitable Gift Annuities
A growing number of friends of Evangelical are discovering the ultimate “win-win” in their charitable giving. Charitable Gift Annuities provide an attractive guaranteed income for life for one or two persons. You may choose an immediate annuity (which will begin paying you quarterly, semi-annually, or annually), or you may choose to take out an annuity today and defer your payments, providing you an even higher annual return.
Making a gift of long-term appreciated securities can be an excellent way to avoid potential capital gain taxes while receiving a charitable income tax deduction. You must own the shares for at least 12 months and one day, the IRS definition of “long term.
People who own significantly appreciated real estate may wish to consider a gift of real estate. When one donates real estate the donor receives a charitable income tax deduction for the fair market value of the real estate AND avoids the potential capital gains taxes incurred upon the sale of the property.
Real estate does not have to be donated by means of an outright gift. Real estate can be transferred into a charitable remainder trust to provide you with lifetime income. To donate real estate, you must get an independent, qualified appraisal, to determine the amount of the permitted charitable income tax deduction and Evangelical must receive the signed deed.
We can provide the help you need to properly arrange for all types of real estate gifts.
Insurance Policies are ideal gifts for people who have their assets tied up for retirement and no longer need life insurance benefits to settle their estate. To leave a legacy gift to Evangelical, you might consider these options:
- You can name Evangelical as a beneficiary. There are three types, primary, co-beneficiary, or contingent
- You can purchase a new policy with Evangelical named as owner and beneficiary
For more information on planned giving, please contact:
Ann E. Steel
Vice President for Institutional Advancement
717.866.5775, ext. 2143