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I would like to give ... but how?

Your gift can significantly reduce your income taxes, while providing meaningful support for us. The amount you save depends on a variety of factors. Here are some of the best gift ideas published by the accounting firm of Sinclair, Townes, & Company. I would urge you to discuss your tax panning with your accountant. We also have financial planners that donate their services to the school and are available to meet with you.

Gifts of Cash: Tax-wise and Easy

If you itemize, you can lower your income taxes simply by writing us a check by December 31st. There is no easier way to garner a year-end charitable deduction! Some employers will match your charitable gifts - meaning you can double your gift! Check with your personnel department and then send along the necessary forms with your check.

Gifts of Stock: How to Avoid Capital Gains Tax

If you own stock, it is almost always more tax-wise to contribute stock than cash. This is because of a gift of appreciated stock generally offers two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift.

Gifts of Real Estate: Homes, Vacation Homes, and More

A residence, vacation home, farm, acreage, or vacant lot may have so appreciated in value through the years that it's sale would mean a sizable capital gains tax. By making a gift of this property instead, you would avoid the capital gains tax, and, at the same time, receive a charitable deduction for the full fair market value of the property. It is also possible to make a gift of your home, farm, or vacation home so that you and your spouse can continue to use it for your lifetimes while you receive a tax deduction.

Life Income Gifts: How to Increase Your Income

If you own stock which is paying you little in dividends, a "life-income" gift may be an appropriate gift. You could transfer the stock to Life Christian and establish a "
charitable remainder unitrust" or "charitable remainder annuity trust" that would provide you with a 5% or greater annual return. This income would be paid to you and/or a loved one for life, after which the assets would be distributed as a donation to Life Christian. Through such an arrangement, you would be increasing your income and making a meaningful (and tax-deductible) contribution at the same time.

Gifts of Life Insurance: A Good Policy for Giving

A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. To receive deduction, designate Life Christian as both the owner and beneficiary of the life insurance policy. Check with your life insurance agent for the details.