MAKING A GIFT TO CALVARY ACADEMY FOUNDATION

A cash gift in any amount is a simple way to realize your Christian charitable objectives and share in the work of Calvary Academy Foundation. Cash gifts qualify as a charitable deduction for federal income tax purposes and are fully deductible up to 50% of your adjusted gross income in the year that you make the gift. Deduction amounts exceeding this limit may be carried forward up to five additional years.

Gifts of appreciated securities, stocks, mutual funds, and bonds can also be used as a charitable contribution to the Foundation. You can avoid the capital gains tax on appreciated securities and deduct the full current market value of the gift of securities owned for more than a year, equaling up to 30% of your adjusted gross income in the year of the gift. Excess deductions can be carried forward up to five additional years.

With your gift of charity given through beneficiary designations, trusts or your will, you can perpetuate a labor of faith with a year after year memorial. Calvary Academy Foundation can be the beneficiary of all or a portion of your estate, the recipient of a specified gift or contingent bequest, or the beneficiary of a charitable remainder trust or tax-qualified plan. Your labor of faith and gift of charity bequests are deductible for federal estate tax purposes.

There are several ways to make works of faith and charity through insurance. You can give a policy that you already own, give a new policy, or name Calvary Academy Foundation as the beneficiary. Premium payments for charitable life insurance contracts are tax deductible as is the value of a life insurance policy if Calvary Academy Foundation is irrevocably named as beneficiary and you make both a legal assignment and a complete delivery of the policy to the Foundation.

A gift of real property held for more than a year can provide the same tax advantages as a gift of appreciated securities. Calvary Academy Foundation reserves the right to completely review and inspect the property, reporting to the Board of Directors for acceptance or non-acceptance of said real property.

NOTE:Calvary Academy Foundation recommends that you consult your attorney or tax professional about the applicability to your own situation before making a non-cash gift to the Foundation.

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A cash gift in any amount is a simple way to realize your Christian charitable objectives and share in the work of Calvary Academy Foundation. Cash gifts qualify as a charitable deduction for federal income tax purposes and are fully deductible up to 50% of your adjusted gross income in the year that you make the gift. Deduction amounts exceeding this limit may be carried forward up to five additional years.	Gifts of appreciated securities, stocks, mutual funds, and bonds can also be used as a charitable contribution to the Foundation. You can avoid the capital gains tax on appreciated securities and deduct the full current market value of the gift of securities owned for more than a year, equaling up to 30% of your adjusted gross income in the year of the gift. Excess deductions can be carried forward up to five additional years.
With your gift of charity given through beneficiary designations, trusts or your will, you can perpetuate a labor of faith with a year after year memorial. Calvary Academy Foundation can be the beneficiary of all or a portion of your estate, the recipient of a specified gift or contingent bequest, or the beneficiary of a charitable remainder trust or tax-qualified plan. Your labor of faith and gift of charity bequests are deductible for federal estate tax purposes.	There are several ways to make works of faith and charity through insurance. You can give a policy that you already own, give a new policy, or name Calvary Academy Foundation as the beneficiary. Premium payments for charitable life insurance contracts are tax deductible as is the value of a life insurance policy if Calvary Academy Foundation is irrevocably named as beneficiary and you make both a legal assignment and a complete delivery of the policy to the Foundation.
A gift of real property held for more than a year can provide the same tax advantages as a gift of appreciated securities. Calvary Academy Foundation reserves the right to completely review and inspect the property, reporting to the Board of Directors for acceptance or non-acceptance of said real property.
NOTE:Calvary Academy Foundation recommends that you consult your attorney or tax professional about the applicability to your own situation before making a non-cash gift to the Foundation.
Home / Make a Gift / Type of Gift / Personal Experiences / Contact