Planned Giving: Building Timothy Christian School Today and Tomorrow
While direct cash gifts to TCS are always welcome, the primary way in which long-term assets grow is through planned giving opportunities. Christians use Planned Gifts from their estate to further support kingdom causes that are important to them.
Giving a tithe of your estate to TCS when planning for the future allocation of your estate. You can use the occasion to reinforce the importance of the biblical concept of a tithe to your family. For example, if a couple with four children had an estate of $600,000, a tithe of the estate would provide $60,000 for TCS and $540,000 to their children, or approximately $135,000 for each child.
Charitable Lead Trust
Enables you to make a substantial gift to charity while passing much of your estate to your children, free of estate tax. By using this type of Trust, you provide an income amount to be paid to TCS for a period of years or for your lifetime. At the termination of the Trust, assets will be distributed to your family. Depending upon the terms, estate tax will be reduced or eliminated.
Charitable Gift Annuity
A contract between you and TCS that provides guaranteed fixed payments for life. You receive a charitable deduction at the time of funding the Charitable Gift Annuity, and the annual payment percentage is based on your age at the time the gift is made. In addition, a portion of each payment is tax-free. At death, TCS receives the balance of the annuity.
Charitable Remainder Trust
An arrangement which provides for payments to you for life or a specified period of years. At the end of the trust term, the remaining balance in the Trust is distributed to TCS. You receive a charitable tax deduction at the time of the gift to the Trust.
Stocks & Other Securities
Transferring appreciated securities (stocks, bonds, mutual funds) directly to TCS rather than donating the proceeds after selling them is wise stewardship of the resources God has entrusted to you. If you have owned the securities for more than a year, you receive an income tax deduction for what the stock is worth on the day the stock is gifted. You also will not pay any capital gain tax upon the transfer, freeing up even more money for the Lord’s work!
You can gift your second home, cottage, land, commercial building, and investment property. TCS can then use the property for ministry purposes or sell it and use the proceeds for reaching more people through our programs.
Gifts of business interests (closely held stock, S-Corporation stock, partnership investments, and publicly held shares in a corporation) can be a very effective way to advance the ministry of TCS.
The most tax-efficient way to give retirement assets is from your estate at your death. The tax-efficiency comes from the lack of any income tax due, as well as no estate taxes due on assets that go to charity. The gift is accomplished by naming TCS as either a primary beneficiary (if no living spouse) or contingent beneficiary.
Life Insurance provides another opportunity to make a gift to TCS.