What is Planned Giving?
Planned giving is a way to invest in the future of the school. You can make a gift during your lifetime or through your estate. Your gift, which will benefit you as well as Camden Catholic, can be made in the form of:
This is the most common form of planned giving. A gift is given to Camden Catholic High School by provisions made in the donor's will designating a dollar amount or percentage of the estate. Bequests to CCHS are free from federal estate tax and the estate and inheritance taxes of most states. Bequests should be drawn and executed with an attorney's advice.
- Charitable Remainder Trust
You contribute assets, such as securities, while retaining the income for yourself, or others, for life. A remainder gift permits you to take an income tax deduction for a portion of the value of your gift. Your gift will be credited for the fair market value of the contributed assets.
Donating securities directly to the school instead of contributing the proceeds of a stock sale significantly increases your tax deduction and the amount of income the school receives. The value of the gift, for tax purposes, is recorded as the average market value on the date of delivery. If transferred through a broker, the gift's value is determined by the date of transfer as recorded.
You make an irrevocable gift of cash or securities in the name of Camden Catholic and the school agrees to pay you a guaranteed percentage of the asset annually for life. A gift annuity can also have more than one income beneficiary. The rate of return on a gift annuity is determined by the donor's age.
You may assign Camden Catholic High School as beneficiary, co-beneficiary or a secondary remainder of residual beneficiary of your life insurance policy or retirement fund. Annual life insurance dividends also may be assigned to the High School. When Camden Catholic High is named as owner of a policy, the cash value of the policy may be deducted on your income tax return.
- Tangible Personal Property or Real Estate
You may assign Camden Catholic High School as beneficiary, co-beneficiary to any personal property or real estate.
Questions and comments may be directed to Colleen Poole in the Development Office at 856-663-2247 ext 57 or email@example.com.