Palmer Trinity School

WAYS OF GIVING Philanthropy and volunteerism demonstrate your strong belief in the mission of Palmer Trinity School. Your gift, whatever its size or purpose, adds great value to the School and to the young people whose lives it impacts. Because Palmer Trinity School is a 501 (c) (3), tax-exempt non-profit, donors can take full advantage of income, capital gifts, and estate tax deductions. You may elect to make your gift without any restrictions, enabling the School to use it where it can achieve the greatest impact. Unrestricted gifts represent the greatest utility to the School, as they allow the Head of School and the Board of Trustees to respond to unanticipated needs and opportunities throughout the year. There are many ways to fulfill your charitable intentions and provide immediate and future benefits to the School and your family. It is important that donors are aware of options so that each family can make a gift with the type of asset most suited to respective financial situations. A well-structured charitable plan can last for generations and may allow you to be even more generous that you thought possible. Based on existing tax laws and prudent financial planning, the giving options below enable you to enhance your giving capability by tailoring a gift to your unique financial and estate circumstances. CASH GIFTS Most donors make outright cash contributions. The School gratefully accepts cash gifts, including checks and the major credit cards, VISA, American Express and MasterCard. A cash gift entitles the donor to an income tax deduction in the year of the gift. SECURITIES Appreciated securities are the best form of assets to use in making a charitable gift. An outright gift of appreciated securities entitles the donor to an income tax deduction for the fair market value of the securities and, in the case of securities which have been held for more than 18 months, the avoidance of capital gains tax. BEQUEST A donor may include a bequest to the School in an estate plan. Bequests may be for a specified amount, a percentage of the donor's estate, or even a residual portion. INCOME INTEREST GIFTS Through an income interest gift, a donor may contribute the income for an asset while retaining ownership of that asset. In this case, the School receives income for a designated period of years, after which the asset and any subsequent income returns to the donor, his or her spouse, children, or another designated individual. This form offers both immediate and future tax advantages. REAL ESTATE A donor may contribute various types of real property or a fractional interest in property to the School. Such real estate may be a personal or vacation home, farm, commercial building, or undeveloped property. For a personal residence, including a vacation home, the donor may make a gift of property and reserve the right to occupy it for his or her life and for the life of a spouse. Real estate gifts offer the donor various tax benefits. TANGIBLE PERSONAL PROPERTY If the donor gives a tangible asset, such as a work of art, which has appreciated in value, and if the asset is used by the School in its educational program, the donor receives a charitable deduction equal to the asset's full fair market value. However, if the asset is not used by the School, the donor's charitable deduction is limited to his or her cost basis. LIFE INSURANCE A donor may contribute an existing life insurance policy which is no longer needed or may designate the School the owner and beneficiary of a new policy. In either case, the value of the existing policy (or the donor's investment, if less) or a gift to the School to cover annual premiums, are fully deductible as charitable contributions. REMAINDER GIFT Through the remainder gift, a donor may contribute assets, such as securities or real estate, to the School and retain for life the income from those assets. A remainder gift permits the donor to take an income tax deduction for the charitable portion of the value of the gift. Furthermore, if the gift is in the form of appreciated securities or real estate, the donor may not pay capital gains tax on the appreciation. For additional information, please contact the Development Office at (305) 969-4242. All gifts are subject to Palmer Trinity School's gift acceptance policies and are tax-deductible as provided by law. We also urge you to consult your attorney and/or financial adviser to determine which method of giving best meets your philanthropic goals. 43

• Cover