Endowment - Details

Now: Outright Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Cash An outright gift of cash provides the largest deduction from your taxable income.
  • Immediate benefit to Red Clay
  • Minimize gift planning
  • Full charitable deduction
  • Maximize deduction
Any Amount Easy Your discretion
Securities An outright gift made by transferring securities to Red Clay, potentially provides both a tax deduction for the gift and avoidance of capital gains taxes.
  • Generous support for Red Clay
  • Avoid capital gains taxes
  • Remove asset from estate
  • Maximize deduction
Any Amount Easy to Moderate To make the transfer, contact:

  1. Your financial advisor
  2. Red Clay Creek Presbyterian Church
Real Estate A gift of real estate may be deeded outright to Red Clay. The irrevocable gift of property may provide an immediate tax deduction. Further considerations...
  • Generous support for Red Clay
  • Income tax deduction
  • Avoid capital gains taxes
  • Removal of sizeable asset from estate
Any Complex
Gather your team:

Retained Life Estate Retained life estate provides for a current gift of your property, and you retain the right to live in and use the property for the lives of you and your designee(s). Any Complex
Gather your team:

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Income: Gifts that Pay Back

Gift Type Summary Goals Minimum Difficulty Next Step
Charitable Gift Annuity An irrevocable gift of cash or securities where you receive a predictable fixed income for life.

In exchange for your gift to the Foundation, you will receive payments for life and a portion of your gift may be made available immediately to support a mission or ministry you have selected or it could be distributed after your lifetime.

Rates: Single Life / Two Lives

EXAMPLE DIAGRAM
  • Significant support for Red Clay
  • Predictable income
  • Simple contract; no donor fee
  • Immediate income tax deduction for a portion of the gift
  • Income treated as part ordinary income, part capital gains income, part tax-free
$10,000 Easy to Moderate

Consult with:

Charitable Remainder Trust An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust's termination, the trust assets become a generous gift to Red Clay.

EXAMPLE DIAGRAM

Unitrust vs. Annuity Trust: What's the difference?
  • Significant support for Red Clay
  • Potentially increase income
  • Charitable income tax deducation for a portion of the value of the gift
  • Diversify source(s) of income
  • Reduce estate taxes
$200,000
varies
Complex


Consult with:

Charitable Lead Trust Income payments are distributed to Red Clay for a set period of years, after which the assets are transferred back to the grantor or the grantor's beneficiary.
  • Generous support for Red Clay now
  • Removes trust assets from estate
  • Transfers assets to heirs with little or no tax
  • No deduction
$200,000
varies
Complex


Consult with:

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Later: Estate Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Bequests by Will A gift to Red Clay through your will (or revocable trust) enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific value, percentage or the residual value of your estate.

Please let Red Clay know your intentions.
  • Significant support for Red Clay
  • No immediate cost
  • You retain the asset and its use
  • May change at any time
  • Leave a specific amount or percent
  • Federal estate tax exempt
Any
Amount or Percent
Easy Make Will or Add Codicil

Communicate with Red Clay:
Red Clay Creek Presbyterian Church
Retirement Assets In some cases, retirement plans can be the best asset for a donor to leave to Red Clay. Retirement assets can be taxed up to 70% upon inheritance. Naming Red Clay as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve lower taxed assets to bequest to your heirs.
  • Significant support for Red Clay
  • No estate or income taxes for Red Clay.
  • Leaves other more favorably taxed assets to heirs.
Any
Amount or Percent
Easy Beneficiary Designation Form
from your plan administrator

Your advisor can help decide if this fits with your overall estate plan
Beneficiary Designations Designate Red Clay as a beneficiary of an account or policy. This is a simple and inexpensive way to remember Red Clay in the future. Consider:

INVESTMENT ACCOUNTS
"TOD" or "Transfer on Death": At death this designation immediately moves designated investment securities to a new owner - Red Clay if you wish.*

BANK ACCOUNTS
"POD" or "Payable on Death": transfers bank account assets to the POD beneficiary. You may wish to consider a bank account not needed by heirs - to benefit the Red Clay.*

LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change Red Clay to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing Red Clay as a contingent beneficiary.*
  • Meaningful support for Red Clay.
  • Retain complete control of the asset during your life.
  • Change the designation any time.
  • Beneficiary designations can be primary, secondary or congtingent, and they can be specific amounts or a percentage of the account.
Any
Amount or Percent
Easy Beneficiary Designation Form
from your Insurance or Financial Institution

* Check with your advisor to assure that this fits with your overall estate plan
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