Did you know there are creative ways to support Christ the King? Ways in which CTK, you, and your loved ones all benefit at the same time? With thoughtful planning, your planned giving can create a lasting impact for you and Christ the King.
By giving securities instead of cash, you may benefit from tax savings that would allow you to make a larger charitable gift at the same cost to you.
An example: Ms. Summer has been making annual gifts to the Church for several years. This year she decided to give stock that is worth more than she paid for it instead of writing a check. Because she has held the stock for more than a year, Ms. Summer will not owe capital gains tax on the appreciated value, and she may also claim an income tax charitable deduction for the full fair market value of the stock.
You might be able to make a larger gift than you thought possible by giving "what's left" in your retirement account or pension plan. This allows you to maintain control of your retirement funds during your lifetime and make a charitable gift after providing for yourself and your loved ones.
People often have a life insurance policy they purchased to protect children who are now grown, family members who have predeceased them, or to fund now-completed educational plans. Such unneeded policies, which may have a significant cash value, make excellent charitable gifts.
You can make a substantial charitable gift now and receive paymetns for life or a set period of time. Assets remaining when the payment period is over will go to your chosen charity. These gift plans often result in tax benefits, such as preferential treatment of capital gains and an income tax charitable deduction, and can also be an excellent way to provide income for yourself or loved ones who depend on you for financial support.