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Regardless of how donors have chosen to participate, their gifts to Prestonwood Christian Academy make an investment in human potential and enhance opportunities for all of us as well as future generations through their support of learning.
The following giving vehicles of giving provide donors the flexibility they seek in making philanthropic decisions. You may request more specific information from the Development Office at 972-820-5045 or development@prestonwoodchristian.org.
Outright Gifts
Outright gifts remain a valuable and viable source of donations for Prestonwood Christian Academy and its programs. Regardless of size, an outright gift is an effective way of assisting PCA to fund areas the donor considers important. The most common donations to PCA come from outright gifts, such as cash, which are received and utilized right away.
Prestonwood Christian Academy appreciates all levels of support for current operations, endowment, and capital purposes, and gladly accepts gifts of cash, securities, and certain types of property.
Cash
A gift of cash is the simplest form of giving, whether a donor wishes to support the Annual Fund, create a scholarship or endowment, benefit an academic program, or designate monies to a capital campaign.
Cash gifts provide the most immediate benefits for the donor and PCA.
Matching Gifts
Through corporate matching, charitable contributions can often be doubled or even tripled. The process is as simple as completing a standard matching gift form from your employer and mailing it with a gift to PCA.
Learn whether your employer has a matching gifts program. You may also contact your Human Resources Department directly. Mail your gift with the matching gift form to:
Development Office
Prestonwood Christian Academy
6801 W. Park Blvd.
Plano, Texas 75093
The proceeds from the match will be placed toward the same program as the original gift.
For further information concerning matching gifts, please contact the Development Office at 972-820-5045 or development@prestonwoodchristian.org.
Planned Gifts
Trends in philanthropy show that more and more contributors are opting for planned giving donations. Through planned gifts, a donor arranges a gift to PCA for realized benefit in the future.
A contributor to PCA may find that planned giving offers attractive benefits. It can increase current income for the donor or others, reduce the donor's income tax and avoid capital gains tax and pass assets to family at a reduced tax cost, while offering a significant donation to PCA.
The Office of Development & Institutional Advancement can be a resource for donors and their financial advisors in a careful evaluation of these types of plans. Our professional staff can provide details on the ideal gift structure that will accomplish individual goals and achieve the most optimal benefit.
Gifts by Will (Bequests)
Gifts associated with a will and the final distribution of an estate offer donors and PCA a great deal of potential. A bequest, or gift by will, is an attractive option when a donor is currently unable to make an outright gift, but wishes to make a contribution to PCA in a meaningful way.
A specific bequest will involve donating a set amount or percentage of assets from an estate to PCA. Residual bequests are left to PCA after all debts, expenses, and taxes have been paid from an estate.
Living Trusts
A trust is a legal agreement that specifies how the assets placed under the trust will be managed. A living trust can be established to take effect during a donor's lifetime.
Benefits include possible savings in estate taxes if a charity is the beneficiary of the trust remainder. Also, the terms of the trust can be changed at any time.
Retirement Plan Assets
A qualified retirement plan remains one of the most ideal ways to accumulate wealth and a secure future. Yet, this may be an ineffective way of transferring wealth or preserving assets after a lifetime. A large portion of assets from a qualified retirement plan, such as profit sharing, a 401(k), a 403(b), or an IRA, can be exposed to taxation of up to 75 percent.
Income and estate taxes can be reduced through a charitable gift of retirement plan assets. A donor can choose the most ideal type of planned giving arrangement for transferring the balance on an account to Prestonwood Christian Academy. Some of the possibilities include naming Prestonwood Christian Academy as the beneficiary of retirement assets through the plan administrator. A benefactor also can transfer retirement assets at death to a tax-exempt deferred giving plan, such as a charitable remainder unitrust or a charitable remainder annuity trust.
Insurance
The procedure for donating a life insurance policy is simple and is a popular way to give with little expenditure. Whole life insurance can be offered by naming Prestonwood Christian Academy as the irrevocable owner and beneficiary.
Charitable contributions from the donor to PCA in the amount of any premiums may be required with gifts of life insurance policies.
Charitable Remainder Trusts
Donors often choose the charitable remainder trust as a way to achieve a variety of financial goals while making a significant gift to PCA. (A trust is a legal agreement that specifies how the assets placed under the trust will be managed.)
Through a charitable remainder trust, a donor can contribute assets to the trust and receive a life income. The remaining principal will go to the charity, specifically Prestonwood Christian Academy.
There are two types of charitable remainder trusts — the unitrust and the annuity trust. Under a unitrust, annual income to the donor is paid as a fixed percentage of the fair market value of the assets. Under the annuity trust, the donor receives annual income as a fixed payment equaling based on a certain percentage of the value of the asset at the time the deferred-giving agreement is signed.
The advantages of establishing a charitable remainder trust include an income stream for life, avoidance of taxes on capital gains for appreciated securities or real estate, and reduction of estate taxes, a charitable contribution income tax deduction based on life expectancy.
Charitable Lead Trusts
The exact reverse of a charitable remainder trust is a charitable lead
trust. This type of deferred gift offers a charity, specifically Prestonwood Christian Academy, an income for a period of time after which individual beneficiaries receive the remainder of the trust.
Creating a charitable lead trust will allow a donor to share surplus income with PCA, and then pass the principal to family at greatly reduced gift and estate taxes. The donor may also opt to retain the asset after the term of the income stream is completed. |
