A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization, and we promise to make fixed payments to you for life at a rate based on your age.
CHARITABLE GIFT ANNUITY
HOW IT WORKS
A charitable gift annuity is a contract between you and Heritage Preparatory School.
1- You transfer property to Heritage Preparatory School. In exchange, we pay you
a fixed income for life.
2- The fixed income can be quite high depending on your age.
3- A portion of your income stream may even be tax-free.
4- You will receive a charitable deduction for your gift of the remainder to Heritage Preparatory School and the satisfaction of furthering our mission.
TYPES OF ASSETS YOU MAY GIVE
If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.
START RECEIVING PAYMENTS NOW WITH A CURRENT GIFT ANNUITY
If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive a current income tax charitable deduction for the value of your gift to Heritage Preparatory School.
DEFERRED GIFT ANNUITY FOR INCOME AT FUTURE DATE
Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. Contact us about flexible date options for your future income.
HOW TO MAKE A GIFT OF REAL ESTATE
Your real property may be given to Heritage Preparatory School by executing or signing a deed transferring ownership. You may deed part or all of your real property to Heritage Preparatory School. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
DONATE
If you are interested in supporting our school through donations, we would be delighted to assist you and provide answers to any inquiries you may have, particularly regarding gifts of real estate. Please feel free to reach out to us, and we will be more than happy to help.