Welcome! We are pleased that you have interest in learning about the many benefits of planned giving.
A “planned gift” is named as such because it is through thoughtful planning and long-term consideration that these gifts are made. If you aren’t ready to write a check today, a planned gift could be the solution.
Imani Christian Academy celebrates and honors donors who make gifts to the school, whether it’s through a charitable trust, an insurance policy, a beneficiary designation, or other available assets. Before naming Imani in your will or considering another kind of planned gift, consult with an attorney or financial adviser to explore what type of planned gift is best suited for you and your family.
There are many ways in which Imani, you, and your loved ones all benefit at the same time, including:
GIFTS THAT PROVIDE YOU INCOME
“Life-Income” gifts can be structured in a variety of ways that allow you to receive income for life or a term of years as well as substantial tax benefits.
Charitable Gift Annuities
Within a charitable gift annuity, Imani contractually agrees to make fixed (annuity) payments to you or one other individual that you name, for life, in exchange for your gift of stock or cash.
A deduction can be taken for your gift and part of each annuity payment can be treated as tax-free income.
Charitable Remainder Trust
In a charitable remainder trust, you can transfer assets to Imani Christian Academy. The school, as the trustee, then provides regular payments, based on a percentage of the trust’s principal, to you and/or others for life or a specified period. Later, Imani receives what remains of the trust assets.
GIFTS OF SPECIAL ASSETS
You can support Imani with gifts that don't impact the way you live by either designating the school to receive estate assets in the future or by making immediate gifts to us of assets that cost you nothing during your lifetime.
Gifts of Stock and Appreciated Assets
Appreciated mutual fund shares, bonds, or stocks that you have owned for more than one year can be transferred to Imani Christian Academy, where the school sells your securities and the proceeds benefit the students.
Benefits include an immediate income tax deduction for the fair market value of the securities on the date of transfer and you do not have to pay capital gains tax on the transfer once the stock is sold.
Gifts of Life Insurance
By designated Imani as the beneficiary of an existing life insurance policy, you part with nothing during your lifetime.
Your life insurance policy may be a great asset with which to make a charitable donation, If you have a policy that is no longer needed for its originally intended purpose.
Gifts from Your Will or Trust (Bequests)
You can provide Imani with a charitable gift by including a bequest provision in you will or revocable trust.
While your assets remain in your control during your lifetime, your bequest can be designed for a specific purpose at the school, and can ultimately result in considerable estate tax savings.
Gifts of Real Estate
Property such as your personal residences, undeveloped property, commercial buildings, or farms may be transferred by deed with no liability for income or estate taxes on the appreciation.
When the property is deeded to a non-profit organization like Imani Christian Academy, you do not have to pay capital gains tax on the appreciated property and the gift provides a charitable tax deduction for the full fair market value of the property.
Gifts of Personal Property
Tangible personal property includes jewelry, artwork, antiques and other physical objects that can be held, displayed and ultimately sold to benefit the school.
Dependent on the appraised value of your donation, you will receive an immediate income tax deduction and pay no capital gains tax.
Retirement Plan Gifts
You can designate Imani as the beneficiary of all or a portion of your retirement plan, including gifts of IRAs, 401(k)s, or other qualified plans.
By leaving your retirement account to Imani, you can avoid both income and tax levied on the residue left in your account.
OTHER TYPES OF GIFTS
There are other creative ways to use your assets to benefit Imani Christian Academy, while at the same time preserving the benefits of those assets for you and your family.
Charitable Lead Trust
A charitable lead trust allows you to provide Imani with an income for a specified length of time, before the remaining principal is paid to your heirs.
The charitable lead trust allows this transfer of assets to your heirs to take place at a reduced gift and estate tax cost.