Below we highlight a variety of giving options, and other alternative plans are available to realize the greatest personal and financial satisfaction from making a charitable gift. Panhandle Alliance for Education is delighted to work with donors to arrange a gift plan that best suits their objectives.
We invite you to become a part of the community-wide commitment to help our children succeed. We’re happy to speak to you individually, of course! Please call Panhandle Alliance at 208-263-7040. For more information right now, click to view our donor brochure.
WAYS TO
GIVE
OPPORTUNITIES FOR GIVING
When you make a gift to Panhandle Alliance for Education, you can expect a deep sense of accomplishment. You become a part of a community-wide commitment to helping our children succeed. Your donor gift will help to provide grants to teachers for classroom innovations, for district-wide improvements and strategic initiatives – and through our endowment, ensure this support for generations to come. You become a part of an essential partnership that strives to make our schools, and our children, great.
Depending on the asset given and whether you make an outright, planned or deferred gift, you can expect to receive some or all of the following benefits:
- Fulfilling your philanthropic goals
- Creating a legacy for you and your family
- Reducing your income taxes through a charitable deduction for the gift
- Enjoying an additional state income tax deduction for gifts to educational institutions and organizations
- Avoiding or deferring capital-gains tax on gifts of long-term appreciated property
- Reducing estate taxes
- Outright Gifts
Cash – A gift of cash is the simplest, most direct and most popular way to support Panhandle Alliance for Education. Because of the tax savings from the charitable deduction, your net cost can be much less than the actual amount of the gift.
Securities and Real Estate – Popular alternatives to cash are gifts of appreciated property, such as securities or real estate. These can provide even greater tax benefits to you than an equivalent gift in cash, especially when the appreciated property has been held long-term (more than one year). Restrictions may apply to certain non-cash assets.
Tangible Personal Property – Generally you will be entitled to a charitable deduction for gifts of tangible personal property such as works of art, rare books or items of value that help Panhandle Alliance for Education fulfill its mission. Restrictions may apply to certain non-cash assets.
Charitable Remainder Trusts
Charitable remainder trusts are popular plans because of the financial and estate-planning flexibility they offer. They are similar to other types of trusts, except that Panhandle Alliance for Education, the charitable beneficiary, receives the remainder interest. You entrust property to a trustee, specifying how trust income and the remainder interest will be distributed. While alive, you can take advantage of the income, capital gains and estate tax savings a trust provides. A trust effective at the end of a donor’s life is especially useful for accepting retirement-fund assets.
DEFERRED GIFTS
By Will or Bequest
Your commitment in your will or living trust allows you to give in ways you may not have been able to during your lifetime. Bequests can take various forms:
A specific bequest directs that Panhandle Alliance for Education is to receive a specific piece of property or asset.
A general bequest directs that Panhandle Alliance for Education is to receive a specified dollar amount.
A residual bequest is used to give Panhandle Alliance for Education all or a portion of whatever remains after all debts, taxes, expenses and all other bequests have been paid.
A contingent bequest takes effect only if the primary intention cannot be met. This can ensure that property will pass to Panhandle Alliance for Education rather than unintended beneficiaries – including the government.
While all of the above forms of outright bequests can be used to provide for unrestricted support of Panhandle Alliance for Education, they may also be designated for a specific purpose. For example, if you wish to honor a family member, a teacher or esteemed colleague, you can direct your gift to a program of special interest to you or the honored person.
Because of the estate tax charitable deduction, a bequest can significantly reduce the tax burden of your estate.
If you plan to make a bequest gift to Panhandle Alliance for Education, we recommend that you contact the office at 208-263-7040.
REAL ESTATE WITH RETAINED LIFE INTEREST
A gift of a remainder interest in a personal residence, vacation home or a farm may provide you with charitable deductions. More important, as a donor you can continue to occupy the residence or operate the farm without disruption.
LIFE INSURANCE
Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You can name Panhandle Alliance for Education as the primary beneficiary or as a successor beneficiary of a life insurance policy. When the proceeds are paid to Panhandle Alliance, your estate will be allowed an estate-tax charitable deduction.
RETIREMENT PLAN BENEFITS
Since retirement plans are often subject to both income and estate taxes upon the death of a participant, they present an attractive option for a charitable gift. Panhandle Alliance for Education can be named as the designated beneficiary of all or part of the residual balance of qualified retirement plans, or as a remainderman when the residual balance is transferred to the trustee of a charitable remainder trust. Individuals may also take structured withdrawals from the plan to make outright or life-income gifts to Panhandle Alliance.
GIFTS TO FUND THE FUTURE
Through the years, many individuals have found gift planning to be an excellent method of benefiting a favorite charity. If Panhandle Alliance for Education is your choice, you not only plan for your own future but for the future of education in our community. Panhandle Alliance has established an endowment to sustain our work for countless years to come. Your gift will help to strengthen that commitment.
In addition to personal satisfaction and helping to secure Panhandle Alliance for Education’s role into the future, you will realize major planning opportunities to minimize federal and state taxes, increasing the effective distribution of assets. The wide degree of flexibility permitted in arranging a gift plan and obtaining favorable tax benefits has contributed significantly to making such gifts popular and potent estate-planning tools.
PAFE
STAFF