Planned Giving

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Cole Valley Christian Schools as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Download The Bequest Form

Here are some of the ways to leave a bequest to CVCS:

• Include a bequest to Cole Valley Christian Schools in your will or revocable trust
• Designate Cole Valley Christian Schools as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension)
• Name Cole Valley Christian Schools as a beneficiary of your life insurance policy
   

A bequest may be made in several ways:

• Percentage bequest - make a gift of a percentage of your estate
• Specific bequest - make a gift of a specific dollar amount or a specific asset
• Residual bequest - make a gift from the balance or residue of your estate

What is a Bequest?

Bequest gifting language for your donors to provide to their attorneys:

Specific Dollar Amount
“My Personal Representative [or trustee] shall distribute [specific dollar amount or percentage of my estate/trust] to Cole Valley Christian Schools, a non-profit organization located at 200 E Carlton Ave, Meridian, ID 83642, Federal Tax ID: 86-2425049, or its successor entity, for Cole Valley Christian Schools’ general use and purposes." 

Specific Personal Property:
“My Personal Representative [or trustee] shall distribute [Property Bequest] to Cole Valley Christian Schools, a non-profit organization located at 200 E Carlton Ave, Meridian, ID 83642, Federal Tax ID: 86-2425049, or its successor entity, for Cole Valley Christian Schools’ general use and purposes.”

Specific Real Estate:
“My Personal Representative [or trustee] shall allocate all of the right, title and interest in and to the real estate located at [Bequest Real Estate] to Cole Valley Christian Schools, a non-profit organization located at 200 E Carlton Ave, Meridian, ID 83642, Federal Tax ID: 86-2425049, or its successor entity, for Cole Valley Christian Schools’ general use and purposes.” 

Percentage of an Estate:
“My Personal Representative [or trustee] shall allocate [Bequest Fraction Of Residuary] to Cole Valley Christian Schools, a non-profit organization located at 200 E Carlton Ave, Meridian, ID 83642, Federal Tax ID: 86-2425049, or its successor entity, for Cole Valley Christian Schools’ general use and purposes.”

The method used to make a bequest will depend on the kind of gift you choose to leave to Cole Valley Christian Schools.

Bequests of real estate, personal property, business interests, and cash are typically made through a will, revocable trust, or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers to complete the bequest.

Other bequests, such as those involving retirement assets, insurance policies, bank accounts, and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Contact your retirement plan administrator, life insurance company, bank, or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you must complete and sign the form and then send it back to the person who originally sent it to you.

The last step in leaving any bequest involves the transfer to charity. The bequest property will be transferred to Cole Valley Christian Schools when you pass away. The full value of this gift will be transferred tax-free, and your estate will receive an estate tax charitable deduction.

NOTE:  Each estate plan is different, and the donor’s attorney should provide the appropriate drafting based on the donor’s specific circumstances. 
 

A donor-advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.

You enjoy several benefits with your donor-advised fund:

• Establish a flexible vehicle for annual charitable giving
• Benefit from a more tax and cost-efficient alternative to a private foundation
• Obtain a charitable income tax deduction in the year of your gift
   

How a donor-advised fund works:

1. You make an initial, irrevocable gift of cash or stock to fund a DAF at a sponsoring organization.
2. The assets in your DAF grow tax-free.
3. You make annual recommendations on gifts to be made from your DAF.
    

Gifts from your donor-advised fund:

Your donor-advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to CVCS and other nonprofits. You can contact your DAF provider and make a grant. We will acknowledge your generous gift as a DAF distribution.

What is a DAF?

Contact your attorney:
If you have any questions about donor-advised funds, please contact your attorney or financial advisor.

You may be looking for a way to make a big difference to help further our mission at Cole Valley Christian Schools. If you are 70½ or older, you may also be interested in lowering the income and taxes from your IRA withdrawals through a Qualified Charitable Distribution. An IRA charitable rollover is a way you can help continue our work and benefit from it this year.

Benefits of an Qualified Charitable Distribution:

• Avoid taxes on transfers of up to $105,000 per IRA owner from your IRA to Cole Valley Christian Schools
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of Cole Valley Christian Schools in the lives of students
   

How a Qualified Charitable Distribution gift works:

1. Contact your IRA plan administrator to make a gift from your IRA to Cole Valley Christian Schools
2. Your IRA funds will be directly transferred to our organization to help continue our important work
3. Please note that Qualified Charitable Distribution gifts do not qualify for a charitable deduction
4. Please contact us if you wish for your gift to be used for a specific purpose
    

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. Contact your IRA custodian and make a qualified charitable distribution. If applicable, we will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD.

Contact your attorney:
If you have any questions about a Qualified Charitable Distribution, please contact your attorney or financial advisor. 

You can perpetually leave a legacy to support the causes you love with an endowment gift. An endowment is a fund you can create now or in the future to achieve the impact you desire. The income earned on your endowment will provide lasting annual support to your charitable causes.

You enjoy several benefits with an endowment gift:

• Establish an endowment during your lifetime and see the impact each year
• Benefit from an income tax deduction in the year you make your gift
• Avoid capital gains tax on an endowment gift of appreciated property
   

How an endowment gift works:

1. You make an initial gift to fund an endowment
2. The assets in your endowment are invested to earn income
3. The income is distributed annually to achieve your desired impact
4. You can make additions during your lifetime or supplement your endowment with your estate plan
    

Income distributed from your endowment:

When you create your endowment, you sign an endowment agreement detailing the scope and desired impact of your endowment funds. Your funds will generally be invested to produce stable, predictable growth. Each year, a set percentage of your endowed funds will be distributed according to your endowment agreement.

What is an Endowment Gift?

Contact us:
If you have any questions about endowment gifts, please contact us. We would be happy to assist you and answer any questions you might have.

You transfer your cash or appreciated property or stock to fund a charitable remainder unitrust (CRUT). The trust sells your property tax-free and provides you with income for life or a term of years. You may be concerned about the high cost of capital gains tax upon selling your appreciated property. Or perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need.

Benefits of a Charitable Remainder Unitrust Gift:

• Income for life, lives, or term of years
• Defer or sometimes avoid capital gains on the sale of your appreciated assets
• A charitable income tax deduction will be applied to the remainder of your gift to Cole Valley
• A future legacy gift to CVCS
• You will receive a gift credit for 100% of the amount with which you fund your Unitrust

Charitable Remainder Unitrust for Income

 Charitable Remainder Unitrusts (CRUTs) distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.

How to Select the Right Unitrust Payout for You

There are several unitrust payout options to meet your needs:

• The standard unitrust pays out a percentage of the trust assets each year.
• Another payout option, used commonly for real estate, permits the trust to sell the property tax-free and then begin paying you income after the property has been sold

What is a Charitable Remainder Trust?  The difference between CRUT's and CRAT's

You transfer your cash or appreciated property to fund a charitable remainder annuity trust. The trust sells your property tax-free and provides you with fixed income for life or a term of years.

Benefits of a Trust Gift:

• Fixed income for life, lives or term of years
• Avoid capital gains tax on the sale of your appreciated assets
• Charitable income tax deduction for the remainder of your gift to CVCS
• You will receive gift credit for 100% of the amount with which you fund your Annuity Trust.

Consult your Estate Planner for the right investment and tax benefits for your situation. 

Charitable Remainder Annuity Trust for Fixed Income

If you are tired of low-yielding CDs or riding the fluctuating stock market and want a fixed income, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays out a fixed amount each year based on the value of the property at the time it is gifted. You will receive gift credit for 100% of the amount with which you fund your Annuity Trust. Additional contributions are not allowed once the trust is set up. 

What is a Charitable Remainder Annuity Trust?  The difference between a CRAT and CRUT.

A beneficiary designation gift is a simple and affordable way to make a gift to support CVCS. You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

Benefits of a beneficiary designation gift

• Support the causes that you care about
• Continue to use your account as long as you need to
• Simplify your planning and avoid expensive legal fees
• Reduce the burden of taxes on your family
• Receive an estate tax charitable deduction

How to make a gift of retirement assets

To leave your retirement assets to Cole Valley Christian Schools, you must complete a beneficiary designation form provided by your retirement plan custodian. If you designate Cole Valley Christian Schools as a beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

Future gifts from your retirement assets

Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step-up in basis, such as real estate and stock, and give the retirement assets to Cole Valley Christian Schools. We are not taxed as a charity upon receiving an IRA or other retirement plan assets. You can contact your retirement plan custodian and designate a future gift to Cole Valley Christian Schools.

How a beneficiary designation gift works

1. To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
2. Ask them to send you a new beneficiary designation form.
3. Complete the form, sign it, and mail it back to your broker, banker, or agent.
4. Your account or insurance policy will be paid or transferred to CVCS when you pass away, consistent with the beneficiary designation.
    

Important considerations for your future

If you are interested in making a gift but are also concerned about your future needs, remember that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to use your account freely. You can also change your mind anytime in the future for any reason, including if you have a loved one who needs your financial help.

Contact Your Attorney:
If you have any questions about gifts of retirement assets, please contact your attorney or financial planner. 

If you have already designated us as a beneficiary of an asset or as part of your estate plan, please let us know. We would like to recognize you and your family for your gift.

A cash gift is a simple and easy way for you to make a gift.

Here are some of the potential benefits:

• Make an immediate impact on our mission today
• Benefit from a charitable income tax deduction

What Are the Tax Benefits of Donating Shares of Privately Held Stock? 

At a high level, and if executed properly, you may be able to avoid capital gains tax on the sale of privately held stock and make a much larger difference to the organization you are donating to at the same time.

Here are some of the potential benefits:

• Avoid paying capital gains tax.
• Receive a charitable income tax deduction.
• Enjoy possible increased income.
• Further our mission today!

Electronic Transfer:

US Bancorp Investments

Account Number:  28402691

DTC: 0280

Gifts of privately held company stock are increasingly being made to charity. Such gifts are usually most advantageous from a tax planning perspective just before the sale of the underlying company. A charitable contribution of this type requires careful planning, including coordination with the financial institution, the donor shareholder’s CPA, the donor shareholder’s wealth advisor, and a qualified and independent valuation professional.

For philanthropic taxpayers, such a gift is attractive since the charity will pay no or less taxes on the sale proceeds than the taxpayer, which means that the charity receives more if the gift is made before the sale, rather than after when the sales proceeds are reduced by taxes.

Cole Valley Christian Schools may accept an outright gift of real estate or a remainder gift in real estate. 

Gifts of Real Estate are subject to review by the Gift Acceptance Committee.  No gift of real estate that would jeopardize the School’s tax-exempt status or impose an undue burden of any kind will be accepted.  All property should be free and clear of any legal, environmental or marketability problems.  The cost of any reviews, appraisals, inspections, or audits required to establish the acceptability of the property will generally be an expense of the donor.

Before considering whether to accept a gift of real property, Cole Valley Christian Schools will have a professional with real estate experience make a site visit to obtain a current market value appraisal, conduct an initial environmental review, and note any potential restrictions to the properties' immediate salability. 

After determining that the gift of real estate is acceptable, Cole Valley Christian Schools may undertake the immediate sale of the property.  Cole Valley Christian Schools will receipt the gift under IRS requirements to describe the property given and the date the property was received.  The receipt will not value the property given.  The charitable deduction valuation is the responsibility of the donor.  An independent appraisal of the property's fair market value by a qualified professional is required by the IRS within 60 days of the donation.  This appraisal is an expense of the donor. 

NOTE:  Each estate plan is different, and the donor’s attorney should provide the appropriate drafting based on the donor’s specific circumstances.