Giving Options
Thank you for considering supporting Granville Christian Academy in our work of preparing generations of servant leaders for Christ.
Gifts of Cash
A gift of cash is a simple and easy way for you to make a gift and this may be done right now on our website. You may also use your smart phone (text to give or mobile giving app) or stop by GCA to make your gift.
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to support the mission and work of Granville Christian Academy. Plus it will help you avoid capital gains on stocks with a low cost basis.
Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to our school.
RMDs (Required Minimum Distributions)
If you are 70 ½ or older, you can transfer your distributions to charity tax-free each year. The money counts as your Required Minimum Distribution but is not included in your adjusted gross income.
Gifts of Retirement Assets
Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to support our mission.
Gifts of Insurance
Consider gifting an unneeded insurance policy to GCA. The gift of a life insurance policy you no longer need is an excellent way to make a gift to Granville Christian Academy. You may also designate a percentage of your benefit to GCA. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to GCA. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
IRA Charitable Rollover
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and receive benefits this year.
Life Estate Reserved
With this giving option, Granville Christian Academy accepts your gift of property, either a personal residence or farm, and you retain the rights to use the property for your lifetime.
Charitable Gift Annuity
This is an agreement through which you make a gift of cash or property to Granville Christian Academy and we agree to make fixed payments for life, to one or two individuals. Charitable Gift Annuities are beneficial for persons with cash or appreciated property that produces little or no income.
Trusts
Attorneys specializing in estate planning or trust officers at financial institutions will help guide you through the decision making process of using a charitable trust to support the mission of Granville Christian Academy. A few options of charitable trusts include:
Charitable Remainder Trust
You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder trust might offer the solutions you need! Your cash or other assets fund the trust, which then makes payments to you for your lifetime, or a specified number of years, then distributes the remainder to Granville Christian Academy.
Charitable Remainder Annuity Trust
Annuity trusts allow the life income beneficiary(ies) to receive annually a fixed dollar amount of the assets in the trust. This form of trust is appropriate for those who prefer a fixed annual income, unaffected by changes in the stock market, interest rates, and the like. You may stipulate, for example, that you receive a 5% to 6% return (or some other fixed sum) each year as a result of setting up a $100,000 annuity trust.
Charitable Lead Trust
With a lead trust you freeze the taxable value of your appreciating assets and use them to make gifts today, then pass them on to family later. In other words, your trust is created with cash or property and set up to make payments to GCA for a specified period, then distributes the trust assets to a designated beneficiary, often a family member.
Gifts Through Your Will
Granville Christian Academy can be named as a beneficiary in your will in any one of a number of ways. And if your estate is subject to the federal estate tax, a charitable bequest can save significant tax dollars. A bequest is a gift to charity at time of death. This is the simplest type of planned gift to make and one of the easiest to implement.
Options to make a bequest include:
Codicil: if you already have a valid, up-to-date will, you can have your attorney prepare a codicil to your will naming Granville Christian as a beneficiary without having to rewrite your entire will.
Outright bequest: You can specify an outright gift of cash, securities, real estate or tangible personal property. If you bequeath dollars, you may wish to bequeath a certain fraction or percentage of your estate to GCA, rather than a fixed sum; this serves as a hedge against both inflation and unforeseen shrinkage, and assures your heirs their proportionate share.
Residual bequest: A residual bequest provides that, after specific bequests are made to named individuals, the residue, or amount remaining in the estate, is left to Granville Christian Academy.
Testamentary trust: Such a trust can provide income for another person or persons for life, with the principal ultimately passing to Granville Christian Academy. You may also use this strategy to designate that the income come to us for a certain number of years and the principal ultimately pass to family members or others.
Before making a decision to support Granville Christian Academy with a gift through your will we encourage you to share your intentions with family members. You may also want contact your CPA, attorney, or financial advisor.
Granville Christian Academy Inc. is an IRS designated nonprofit corporation, EIN 47-1245702