PTS Community Login
+
PRINT THIS PAGE

Legacy Giving

First of all, thank you for considering a gift to help support the mission of Palmer Trinity School. We know that you want to help make a difference in the lives of our student body, faculty and administration, now and in the future. But, we also want to help you benefit from making a gift to the School. You may be surprised to learn that some of the best gift plans improve the donor’s financial and tax situation.

The most common donations are outright gifts, such as cash or check, which we receive right away. Many times, as well, people want to hold on to their money and other assets for now, just to be sure they can meet their family’s future needs.  These people are usually delighted to learn that there are excellent alternatives that allow them to still make a gift. One of these options could be right for you, too!

They’re known as planned gifts. Planned gifts can be revocable—a charitable bequest in your will, for example—so that you can change your mind at any time. Or, planned gifts can be irrevocable—just as outright gifts are—so that you benefit from an immediate income tax deduction.

The attraction of irrevocable planned gifts is that they are deferred. You part with an asset today, but the actual giving of the asset to Palmer Trinity School is put off for a while, often until after your lifetime (and that of a beneficiary, if you wish). Until that time, the donor receives benefits from the gift.

For example, with a charitable remainder trust, your receive lifetime income from the asset after it is placed in a trust, and then Palmer Trinity receives the remainder of the trust. Or, you could deed us a remainder interest in your home and still retain the right to live in it for life. Whatever the case, the key feature of planned giving is important benefits to the donor as well as the charitable organization.

Palmer Trinity School provides the chart below to summarize the benefits of some of the main types of charitable gifts. If you can imagine a type of gift, there’s probably a way to make it happen.  We can examine your particular situation and, together with your financial advisor and/or attorney, help your family find ways to support the mission of the School, while ensuring your family’s financial security.

Lauren Billingslea Dowlen
Development Officer
(305) 969-4282
ldowlen@palmertrinity.org

Your Gifts
  • Goals
    		•
  • Strategy
    		•
  • Benefits
    		•
    BEQUEST Defer a gift until after your lifetime Name PTS in your will or revocable living trust (designate a specific amount, a percentage or a share of the residue) Gift exempt from federal estate tax
     
    Control of asset for your lifetime
    GIFT OF CASH Make a quick and easy gift Simply write a check to PTS Immediate income tax deduction
     
    Removes property from estate
    OUTRIGHT GIFT OF SECURITIES Avoid tax on capital gains Contribute long-term appreciated stock or other securities Immediate charitable deduction of full fair market value

    Avoidance of capital gains tax
    OUTRIGHT GIFT OF PERSONAL PROPERTY Share your enjoyment of a collection or other personal item Donate tangible personal property used for our tax-exempt function Charitable deduction based on the full fair market value
    GIFT OF LIFE INSURANCE Make a large gift with little cost to yourself Contribute a life insurance policy you no longer need Current income tax deduction

    Possible future deductions through gifts to pay policy premiums
    BEQUEST OF RETIREMENT ASSETS Avoid the twofold taxation on IRAs or other employee benefit plans Name PTS as the beneficiary of the remainder of the assets after your income Make the gift from the most highly taxed assets leaving more for family

    Avoids income and estate tax
    GIFT OF IRA CONTRIBUTIONS Take advantage of the limited gift opportunity Transfer up to $100,000 per year from your IRA to an eligible organization (excluding donor advised funds and supporting organizations) Available only to donors aged 70 ½ or older

    Avoids income and estate taxes; no charitable deduction
    GIFT OF REAL ESTATE Make a gift of an asset no longer needed and generate an income tax deduction Donate the property to PTS or sell it to us at a bargain price Immediate income tax deduction

    Reduction or elimination of capital gains tax
    GIFT OF RETAINED LIFE ESTATE Give your personal residence, vacation home or from now but continue to live there Deed ownership of your home to PTS but retain occupancy Valuable charitable income tax deduction

    Lifetime use of the residence
    CHARITABLE REMAINDER TRUST Create a hedge against inflation over the long term and augment your retirement income Create a trust that pays a fixed percentage of trust’s assets as revalued annually Variable income for life

    Immediate income tax charitable deduction
    CHARITABLE REMAINDER ANNUITY TRUST Secure a fixed income and supplement your retirement plans Create a charitable trust that pays you a set income annually Fixed payments for life, often at a higher rate of return
    CHARITABLE GIFT ANNUITY* Supplement income with steady payments that are partially tax-free Enter a charitable gift annuity contract with PTS that pays a set amount for one or two lives Current and future savings on income taxes

    Fixed payments for life
    CHARITABLE LEAD TRUST Reduce gift and estate taxes on assets you pass to children or grandchildren Create a charitable trust that pays fixed or variable income to PTS for a specific term of years; principal is retained for heirs Reduces your taxable estate

    Property kept by your family, often with reduced gift taxes
    * Not available in all states or from all organizations