Like the Endowment, Planned Giving provides stability for Eastminster School. The school receives a meaningful donation and the donor has opportunity for significant tax benefits.
Bequests in a donor’s will, can result in estate tax savings to the donor’s family.
Charitable Trusts present immediate benefits to both school and donor by establishing the school as ultimate beneficiary and providing the donor with interest income during his lifetime and the savings of reduced capital gains, gift and estate taxes. A Life Insurance policy may be gifted to Eastminster School. With the school as beneficiary of a policy, the donor may declare the annual premiums as a charitable deduction.
Appreciated Securities gifted to Eastminster allow the donor to avoid capital gains taxes. The full fair market value of the stock can be deducted, as well, if the donor has had the security for more than one year. As always when considering a financial plan and strategy, it is imperative to consult with an attorney and obtain advice from a tax advisor.