Have You Included Champions For Learning in your Will?
Your thoughtful Will should be the cornerstone of your estate plan. A Will gives form and substance to your thoughtful concern for the future of your family and other beneficiaries. A Will represents a person’s final wishes and intentions. After providing for your loved ones, please consider one final testament of faith through a bequest in your Will or living trust that will provide an enduring foundation for Champions For Learning’s mission to serve as a catalyst for educational success by investing in Collier’s students and educators. We would be happy to provide instructions to your legal advisor.
- Specific Bequest: You may leave a percentage of your estate or a fixed dollar amount using cash, securities or property.
- Residuary Bequest: You may gift the remaining balance of your estate after
- all specified distributions are made and obligations have been satisfied.
- Contingent Bequest: You may gift your estate if one or more beneficiaries does not survive the benefactor.
Charitable Gift Annuity
A Charitable Gift Annuity is a simple agreement which provides you with a fixed, guaranteed, life-time stream of income in exchange for a gift of cash or securities.
Advantages also include:
- Tax Savings: a large part of what you donate qualifies as a tax deductible charitable gift
- Tax-free payments: a large part of your annual payments may be tax-free
- Reduction of Capital Gains: when you fund your annuity with appreciated securities you can avoid considerable capital gains tax
We would be happy to provide you with a personalized illustration of the benefits of a gift annuity for you, a friend or any family member you wish to benefit from your gift annuity.
Consider a Gift of Retirement Assets
Retirement assets can be the best gift for a donor to leave to Champions For Learning. Retirement assets can be taxed up to 70% upon inheritance. Naming Champions For Learning as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve to bequest lower taxed assets for your heirs.
- A tax-efficient planned gift: Qualified retirement accounts are subject to income tax when received by your heirs. If left to heirs, federal income taxes and estate taxes can erode a sizable amount of this asset. As a nonprofit organization, Champions For Learning does not pay any federal income tax or estate tax on the distribution of this asset.
- Simple set-up: a simple form is all you need. While no attorney needs to be involved, it is practical to touch base with your professional advisors for their counsel.
- During your lifetime, you continue to use and receive distributions from your retirement accounts.
- Flexibility: If your circumstances change, you may easily change the beneficiary designations at any time.
We would be happy to help you explore this special giving opportunity.
Life Insurance
If your insurance policy is no longer needed, you could simply change Champions For Learning to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing Champions For Learning as the contingent beneficiary. We would be happy to help you explore this special giving opportunity.
To learn more about these opportunities, simply contact The Office of Planned Gifts at 239.687.1378 or plannedgiving@championsforlearning.org