|
Bequests You can use your will or living trust to make an estate gift to Ontario Christian Schools. A bequest is one of the simplest and most frequently used ways to remember Ontario Christian Schools. For more information on planning your estate please contact the Develop Office at (909) 984-1756 x 20 or jvoortman@ocschools.org
Income-Producing Gifts You may want to make a gift to Ontario Christian Schools, while retaining a source of income for the future. By establishing a charitable gift annuity or a charitable remainder annuity trust, you can assure yourself of a fixed amount of income for the rest of your life. Establishing a charitable remainder unitrust or contributing to the pooled income fund will generate a variable income payment for you. Ultimately, the principal used to generate income through any of these gifts will benefit Ontario Christian Schools.
If you would like to establish a trust or an annuity with Ontario Christian Schools but do not need the income immediately, you may choose to defer receiving the income for a period of time. You may want to begin receiving income when your children reach college age or when you are ready to retire. The income, whether fixed or variable, may be paid to you, your spouse, your children, your parents, or anyone else you name.
Life Insurance You can donate a paid-up life insurance policy to Ontario Christian Schools and name Ontario Christian Schools as the beneficiary. Alternatively, you can donate a new or partially paid insurance policy to Ontario Christian Schools, name Ontario Christian as the beneficiary, and continue to pay the premiums. You may also simply name Ontario Christian as the beneficiary or contingent beneficiary of a life insurance policy
Real Estate Real estate that has appreciated in value is an excellent asset to use for charitable planned giving, either as an outright gift or to fund a charitable trust. You may want to consider giving your home to Ontario Christian Schools, while retaining the right to live there for all or part of your remaining lifetime.
Retirement Plan Assets Tax-deferred retirement plans are frequently the most attractive assets for charitable giving. These include individual retirement accounts (IRAs), 401(k) accounts, and 403(b) accounts. When assets are passed at death to children or grandchildren, they may be subject to both estate taxes and income taxes at rates exceeding 70 percent. Many Ontario Christian School donors choose to avoid these taxes by directing these retirement assets to the Ontario Christian upon their death by naming either the school or a charitable remainder trust as the beneficiary of their retirement accounts.
|