| Q: |
What is planned giving? |
| A: |
Arranging a charitable gift as part of one's financial or estate planning
is called planned giving.
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| Q: |
What are some of the gift options offered by Clearwater Christian College?
|
| A: |
Gift options fall into three categories: outright gifts, life income gifts,
and will bequests. Each gift has specific benefits for the donor.
More...
An outright
gift of cash, for example, will be fully deductible from federal income
tax up to 50 percent of adjusted gross income. A life income gift allows
one to transfer assets to Clearwater Christian College, while continuing
to receive income from the assets. Some of the most popular life income
options are the Charitable Remainder Unitrust and the Charitable Remainder
Annuity Trust. Will bequests can reduce estate taxes, while carrying
commitment to one's faith far into the future.
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| Q: |
What is a Clearwater Christian College Charitable Trust?
|
| A: |
One can create a trust by transferring ownership of an asset and naming
the college as its final beneficiary. The trust is tax-exempt, so there
are no capital gains taxes. Trusts are varied and flexible gift options.
More...
Among the trust options available are the Clearwater Christian College
Charitable Remainder Unitrust and the Clearwater Christian College
Charitable Lead Trust. They are especially suited for people who own
highly appreciated, low-yield assets.
|
| Q: |
Why should one be interested in charitable trusts?
|
| A: |
Both of these vehicles offer a way to create streams of income, diversify
retirement investments, and receive significant tax advantages, while
supporting the mission of the college at the same time.
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| Q: |
Are there tax advantages to these gift options?
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| A: |
Yes! The advantages include reduced income tax, reduced or eliminated
capital gains tax, and an immediate income tax deduction.
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| Q: |
What planned giving options are best?
|
| A: |
That depends upon one's particular circumstances. The college representatives
are specially trained to examine and explain giving options. Their goal
is to offer the best basis for an informed decision. They would be glad
to set up an appointment with no cost or obligation.
|
| Q: |
Do the College representatives offer other services?
|
| A: |
Yes, they can extend individualized estate planning services, provide
tax-impact studies, and assist in will and trust preparation -- all
without cost or obligation.
|
| Q: |
Will you send a high-pressure salesmen?
|
| A: |
Absolutely not! Representatives of the college will always be courteous
and sensitive to needs. They are here to support stewardship and will
always comply with one's wishes.
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| Q: |
How can one learn more about the planned giving options available?
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| A: |
Send an e-mail to institutionaladvancement@clearwater.edu or call
Clearwater Christian College at (727) 726-1153 ext. 630. We can send more information on each of our planned giving options,
provide customized annuity calculations, and put individuals in touch with their College
representative. This service is free.
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