Planned Gifts:
- Bequests – The most fundamental and most popular of all Planned Gifts is when a donor identifies Boys’ Latin as a beneficiary in his or her Will.
- Life-Income Gifts:
- Charitable Gift Annuity – In return for your gift, Boys’ Latin pays you and your spouse an annual income, paid quarterly. You receive an income tax deduction in the year of your gift, you avoid upfront capital gains taxes and pay no income tax on part of the income payment you receive from Boy’s Latin.
- Deferred Gift Annuity – You make a gift to Boys’ Latin now, but defer the start of the income from your annuity until later. This can provide you with a large income tax deduction in the year of the gift and welcomed income later.
- Charitable Remainder Unitrust – The unitrust pays you a fixed percentage of principal and reinvests excess income. You have the flexibility to determine who will manage the unitrust, the length of the income payout and the number of income beneficiaries, and which assets will be placed into the trust.
- Charitable Remainder Annuity Trust – The annuity trust is individually managed, and pays fixed income for life or a term of years to multiple beneficiaries
- Charitable Lead Trusts – The lead trust holds appreciating assets for a term and pays income to Boys’ Latin, then passes the principal to your family. This gift plan freezes the taxable value of appreciating assets but passes on to your family the full market value after the period of income to Boys’ Latin.
- Gifts of Retirement Plans – If accumulated monies in a retirement account have not been taxed, the ultimate tax consequence of that can be significant. Making a gift of that retirement plan to Boys’ Latin may be more prudent than giving it to your heirs.
- Retained Life Estates – You can give your home to Boys’ Latin and continue to live there rent-free.
- Gifts of Life Insurance – You may want to consider designating Boys’ Latin as the owner and/or beneficiary of your life insurance policy.
- Gifts of Real Estate – Gifts of real property—vacation homes, personal residence, commercial property, farms, ranches, undeveloped land—may be donated outright or serve as the corpus of a trust. If donated, an immediate income tax deduction is available and capital gains taxes may be avoided. These assets may also be used as part of a bequest and serve to reduce estate tax exposure.
- Charitable Bargain Sales – This part-gift/part-sale transaction gives you a charitable deduction plus cash to purchase other property.
