You may be surprised to learn that some of the best gift plans actually improve the donor’s financial and tax situation.

These gift plans are 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.

See below for a brief summary of some common planned gift options.

For any questions regarding planned giving, email SupportPTS@PalmerTrinity.org, or at (305) 969-4210.

Sample Planned Gift Options

List of 13 items.

  • Bequest

    Goals
    Defer a gift until after your lifetime

    Strategy
    Name PTS in your will or revocable living trust (designate a specific amount, a percentage or a share of the residue)

    Benefits
    Gift exempt from federal estate tax
     
    Control of asset for your lifetime
  • Gift of Cash

    Goals
    Make a quick and easy gift

    Strategy
    Simply write a check to PTS

    Benefits
    Immediate income tax deduction
     
    Removes property from estate
  • Outright Gift of Securities

    Goals
    Avoid tax on capital gains

    Strategy
    Contribute long-term appreciated stock or other securities

    Benefits
    Immediate charitable deduction of full fair market value

    Avoidance of capital gains tax
  • Outright Gift of Personal Property

    Goals
    Share your enjoyment of a collection or other personal item

    Strategy
    Donate tangible personal property used for our tax-exempt function

    Benefits
    Charitable deduction based on the full fair market value
  • Gift of Life Insurance

    Goals
    Make a large gift with little cost to yourself

    Strategy
    Contribute a life insurance policy you no longer need

    Benefits
    Current income tax deduction

    Possible future deductions through gifts to pay policy premiums
  • Bequest of Retirement Assets

    Goals
    Avoid the twofold taxation on IRAs or other employee benefit plans

    Strategy
    Name PTS as the beneficiary of the remainder of the assets after your income

    Benefits
    Make the gift from the most highly taxed assets leaving more for family

    Avoids income and estate tax
  • Gift of IRA Contributions

    Goals
    Take advantage of the limited gift opportunity

    Strategy
    Transfer up to $100,000 per year from your IRA to an eligible organization (excluding donor advised funds and supporting organizations)

    Benefits
    Available only to donors aged 70 ½ or older

    Avoids income and estate taxes; no charitable deduction
  • Gift of Real Estate

    Goals
    Make a gift of an asset no longer needed and generate an income tax deduction

    Strategy
    Donate the property to PTS or sell it to us at a bargain price

    Benefits
    Immediate income tax deduction

    Reduction or elimination of capital gains tax
  • Gift of Retained Life Estate

    Goals
    Give your personal residence or vacation home, but continue to live there

    Strategy
    Deed ownership of your home to PTS but retain occupancy

    Benefits
    Valuable charitable income tax deduction

    Lifetime use of the residence
  • Charitable Remainder Trust

    Goals
    Create a hedge against inflation over the long term and augment your retirement income

    Strategy
    Create a trust that pays a fixed percentage of trust’s assets as revalued annually

    Benefits
    Variable income for life

    Immediate income tax charitable deduction
  • Charitable Remainder Annuity Trust

    Goals
    Secure a fixed income and supplement your retirement plans

    Strategy
    Create a charitable trust that pays you a set income annually

    Benefits
    Fixed payments for life, often at a higher rate of return
  • Charitable Gift Annuity*

    Goals
    Supplement income with steady payments that are partially tax-free

    Strategy
    Enter a charitable gift annuity contract with PTS that pays a set amount for one or two lives

    Benefits
    Current and future savings on income taxes

    Fixed payments for life
  • Charitable Lead Trust

    Goals
    Reduce gift and estate taxes on assets you pass to children or grandchildren

    Strategy
    Create a charitable trust that pays fixed or variable income to PTS for a specific term of years; principal is retained for heirs

    Benefits
    Reduces your taxable estate

    Property kept by your family, often with reduced gift taxes
* Not available in all states or from all organizations
8001 SW 184 Street, Miami, FL 33157
Tel: 305.251.2230 | Fax: 305.251.2917
An independent, college preparatory, co-ed, Episcopal day school serving a community of students grades 6-12.