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 the Good News
Fund 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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