Make a lasting impact in support of the next generation of women leaders.
There are several ways to create your legacy with ICA Cristo Rey - including gifts that cost nothing to make now, gifts that pay income, gifts that reduce taxes and gifts that benefit heirs.
Here are a few popular ways to make a lasting impact:
A gift in your will or trust
Making a gift to ICA Cristo Rey in your will or living trust is easy to arrange and costs nothing to make now. Your gift is revocable and remains under your control during life. You can leave specific property, a dollar amount or a percentage of your estate to ICA Cristo Rey.
A gift of life insurance
Donating a life insurance policy you no longer need can be a powerful strategy to make a larger gift than you might otherwise afford while receiving immediate tax benefits. Perhaps your grown children are financially independent and your other assets meet your retirement needs. or maybe you have a policy your parents purchased for you years ago. If you assign and transfer ownership of a fully paid policy to ICA Cristo Rey during life, you'll receive a tax deduction for your gift. You can also make of gift of life insurance by designation. Simply request a beneficiary designation or from your life insurance company and name ICA Cristo Rey as full, partial, or contingent beneficiary.
A gift from a Donor Advised Fund
In addition to recommending immediate or recurring grants to ICA Cristo Rey from your donor advised fund (DAF), you can name ICA Cristo Rey as the full or partial beneficiary of your fund -- ensuring future support for ICA Cristo Rey's mission to get young women from underserved communities to and through college and provide access to professional networks and skills through our Corporate Work Study Program (CWSP).
A charitable gift annuituy, a gift that pays you
A charitable gift annuity provides you with fixed, annual payments for as long as you live, an immediate income tax deduction and the satisfaction of making a generous gift to ICA Cristo Rey. Gift annuities can supplement retirement income with no surprises. And, if you fund your gift annuity with long-term appreciated securities, you won't owe capital gains tax on any associated gain.
A charitable remainder trust allows you to bypass the capital gains tax on the sale of appreciated assets (like real estate and securities) and receive lifetime income, an immediate tax deduction -- and the satisfaction of making a significant future gift to ICA Cristo Rey.
A charitable lead trust
A charitable lead trust allows you to give trust income to ICA Cristo Rey for a term of years after which trust assets are passed to non-charitable beneficiaries, often family members. For donors who want to ultimately pass assets they expect to appreciate to loved ones, but would like to provide ICA Cristo Rey with significant current support, charitable lead trust can be an excellent option. You decide which assets to transfer to a lead trust an the term of years during which ICA Cristo Rey will receive trust income as a charitable gift. Depending on the type of trust, you may benefit from tax deduction or estate or gift tax saving. When the term ends, trust assets pass to your spouse, children, grandchildren or other beneficiaries.
A gift of real estate
A gift of real estate eliminates the costs and responsibilities of ownership, can reduce taxes, and provide generous financial support to ICA Cristo Rey. If you have owned the property for more than a year, you'll receive an income tax deduction equal to the property's full fair market value. You won't owe capital gains tax and your gift will reduce the size of your future taxable estate. In addition to outright gifts of real estate, ICA Cristo Rey will consider accepting life estate agreements (which allow owners to gift their homes to ICA Cristo Rey now while remaining at home for their lifetimes) and partial interest gifts of real estate.
HAVE QUESTIONS ABOUT PLANNED GIVING?
If you have questions about making a legacy gift to ICA Cristo Rey, please contact Rita Cummings Vice President of Mission Advancement at rummings@icacademy,org or (415) 824-2052 ext 66. Or select the button for the inquiry form at the bottom of the page.
ICA Cristo Rey 501(c)(3) EIN & TAX ID: