Providing for Christian Appalachian Project in your will or trust
- A gift through your will or trust is a popular method for leaving a bequest and is easy to accomplish with the assistance of your attorney.
- With proper planning, you can provide for the future financial security of your loved ones first, then designate CAP to receive:
- A fixed, specific dollar amount.
- A percentage of your estate; allowing the gift to remain in proportion to the size of your estate.
- All or a portion of the remainder of your estate after providing your designated beneficiaries.
- Gifts of assets other than cash, including stock, retirement accounts, life insurance, or real estate.
Using your retirement plans or life insurance
You may decide to support CAP through gifts from a life insurance policy or any amount remaining in a retirement account beyond what you would like your family or others to receive. Just request a change of beneficiary form to make your instructions known.
Bank and investment accounts
In many states, it is possible to specify that whatever remains in bank accounts becomes a charitable gift that will pass free of estate tax and outside the probate process. This can be accomplished by filling out a simple change of beneficiary form.
Give and receive payments for life
With a CAP charitable gift annuity, you make a gift now, while guaranteeing a high-yield return for life. A gift annuity may be established for the life of one or two persons.
Establishing a charitable remainder or lead trust
Your financial planner or accountant can provide more details of the financial benefits of various types of charitable trusts.
Making a gift of stock securities
Many friends of CAP can realize the taxable benefits through gifts of stocks, bonds, or mutual funds, rather than making cash. Your tax professional can provide more detailed information regarding these benefits.
If you would like to make a gift of stocks, bonds, or mutual funds, please contact us at (859) 286-3005, or e-mail us at plannedgiving@chrisapp.org.
Important: In order to receive a tax receipt for gifts of appreciated securities, please notify us of the transaction by calling us at (859) 286-3005 or e-mailing plannedgiving@chrisapp.org.
