How You Can Help Kids Achieve  

 

OUR MISSION IS TO HELP KIDS ACHIEVE. This means quality education with Christian values. Your gift to the children will ensure that these children are given every chance to succeed to their fullest potential.

  

 

Direct gifts to CLEF are distributed to our schools in their entirety each year. Our Board pays our entire cost of operations. This means that 100 percent of every gift is distributed directly to the schools and their students. Direct gifts help children today.

Planned gifts are gifts that are designed now but received by the ministry at a later date. If your planned gift is irrevocable, it may reduce taxes beginning the year that it is made. If your gift is revocable, you may modify the conditions of your gift over time until the gift is received. Planned gifts ensure continued help for the children as the need increases.

With either a direct or planned gift we can help connect you with the children who need your help. Together, we can give children a chance and a future.

Direct giving opportunities

  • Cash
  • Appreciated or depreciated securities (stocks, bonds, or mutual funds)
  • Existing or new life insurance policies (whole or universal life)
  • Annuities
  • Real estate (residential, commercial, or farm)
  • Gifts in kind (computer equipment, building materials, office equipment, etc.)

Deferred giving plans available through CLEF

GIFT ANNUITY AGREEMENT

  • You donate securities or cash valued at $1,000 or more.
  • You receive fixed payments for life. The rate depends on your age. If you are 70, for example, your rate for life is 7.5 percent; if you are 90, your rate is 12.0 percent.
  • Part of each payment is a tax-free return of principal.
  • You receive an immediate tax deduction.
  • If you donate securities, you pay no capital gains tax at the time of the transfer.

POOLED TRUST FUND AGREEMENT

  • You donate securities or cash, valued at $1,000 or more.
  • You receive all income earned from your share of the fund.
  • The agreement lasts for your life and the life of one beneficiary.
  • You receive an immediate tax deduction.
  • If you donate securities, you pay no capital gains tax.

ANNUITY TRUST

  • You donate securities or cash, valued at $20,000 or more.
  • You receive a fixed payment for life, or term of up to 20 years.
  • The payment rate must be at least 5 percent per year of the trust’s initial value.
  • You receive an immediate tax deduction.
  • If you donate securities, you pay no capital gains tax at the time of the transfer.

UNITRUST

  • You donate securities or cash, valued at $20,000 or more, or real estate valued at $40,000 or more.
  • You receive a variable payment for life, or a term of up to 20 years.
  • The payment rate must be at least 5 percent per year of the trust’s annual value.
  • You receive an immediate tax deduction.
  • Ordinary income property (crops, livestock and equipment) can be transferred into this agreement.
  • If you donate securities or real estate, you pay no capital gains tax at the time of the transfer.

DEFERRED PAYMENT GIFT ANNUITY

  • You donate securities or cash valued at $2,000 or more.
  • You set aside funds now so you will receive a high fixed rate of payment beginning at retirement or another future date.
  • You receive an immediate tax deduction.
  • Part of each payment is a tax-free return of principal.

LIFE INSURANCE GIFT

  • Substantial gifts ($5,000 or more) can be made by transferring a new or existing policy.
  • CLEF becomes the owner. The Good News Fund is the beneficiary.
  • The amounts you contribute to CLEF to pay premiums are tax deductible.

POUR-OVER TRUST

  • You create a trust during your life, but it need not be funded until your death.
  • You provide in your will, or in beneficiary designation forms, that some of your assets ($20,000 or more) “pour over” into the trust at your death.
  • Trust will provide income to surviving family for one to 20 years.
  • This arrangement is revocable.

LIFE RESERVED AGREEMENT

  • You donate the remainder of a residence or farm ($40,000 or more) while continuing to use the property for life.
  • You sign a maintenance, insurance and tax agreement to clarify that you remain responsible for expenses during your life.
  • You receive an immediate tax deduction.
  • You also receive probate and estate tax savings.

ESTATE AND GIFT PLANNING

  • You provide in your will or living trusts for gifts which will occur at death.
  • If you have been blessed with a large estate, CLEF can help you and your advisors understand complex gift planning techniques, such as charitable lead trusts and business succession planning.


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