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Planned Giving

It may seem simple to send a check or immediate cash gift to support the cause of Evangelical, and we greatly value those who support us in this way. However, there is a vital, long-term way that you can support and preserve the future of this institution: through planned giving. Planned giving, or including charitable giving in your estate planning, can include a wide variety of giving vehicles. Please consider a bequest in your will, a gift of life insurance, a charitable gift annuity, or another option.

Charitable Gift Annuity
A growing number of friends of Evangelical are discovering the ultimate "win-win" in their charitable giving. In fact, the only one who loses is the government because you reduce your tax obligation. Charitable Gift Annuities provide an attractive guaranteed income for life for one or two persons. You may choose an immediate annuity (which will begin paying you quarterly, semi-annually, or annually), or you may choose to take out an annuity today and defer your payments, providing you an even higher annual return.

Marketable Securities
Making a gift of long-term appreciated securities can be an excellent way to avoid potential capital gain taxes while receiving a charitable income tax deduction. You must own the shares for at least 12 months and one day, the IRS definition of "long term.

Real Estate
People who own real estate that has appreciated significantly may want to consider this option for their charitable giving. Evangelical can help you consider the option of making a gift of improved, unimproved, commercial, and residential real estate.

This gift option can be especially attractive from a tax standpoint since you receive a current charitable income tax deduction for the fair market value of the real estate AND you avoid the potential capital gains taxes that would be incurred upon the sale of the property.

To donate real estate, you must get an independent, qualified appraisal, which will determine the amount of the permitted charitable income tax deduction. The real estate gift is not complete until Evangelical receives the signed deed. This delivery requirement becomes more important towards the end of the year when timing is more critical for the gift to be counted in the current tax year.

Real estate does not have to be donated by means of an outright gift. Real estate can be transferred into a charitable remainder trust to provide you with lifetime income.

Insurance Policies
Insurance Policies are ideal gifts for people who have their assets tied up for retirement but no longer need the insurance coverage and would like a legacy gift to go to Evangelical at their death. There are several ways to do this.

You can name Evangelical as the:
-Primary beneficiary - all proceeds go to Evangelical.
-Co-beneficiary - proceeds are shared by Evangelical and other non-profit organizations or individuals.
-Contingent beneficiary - Evangelical only receives proceeds if other beneficiaries have already passed away.

You can purchase a new policy:
Naming Evangelical as the owner and beneficiary has the advantage of allowing the premiums you pay to be deductible as charitable gifts.

For more information on planned giving to Evangelical, please contact:
Ann E. Steel
Vice President for Institutional Advancement
asteel@evangelical.edu
717.866.5775, ext. 2143

Click here to learn more about the Barnabas Society at Evanglical.


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