Gift planning provides the opportunity to make a substantial philanthropic impact while maintaining assets for your family. Planned giving is often referred to as “legacy giving,” as the most common type of planned gift is a bequest from a donor’s estate.
There are a variety of ways to make a planned gift, including but not limited to: bequests, Charitable Gift Annuities, gifts of stock, and donor Donor Advised Funds (DAFs).
A planned gift to Christ the King Jesuit through your will has several advantages:
Charitable Gift Annuities
For donors over the age of 55, a Charitable Gift Annuity (CGA) is a one-time gift in the form of cash or securities to CTK in return for an immediate tax deduction and fixed income payments for life.
Benefits of setting up a Charitable Gift Annuity for CTK:
Below are return rates on Charitable Gift Annuities, provided by American Council on Gift Annuities for a minimum gift of $20,000:
Gifts of Appreciated Stock
Donor Advised Funds
A Donor Advised Fund (DAF) is an account set up for the sole purpose of making charitable gifts. The donor takes the tax deduction for the year in which money is deposited into the account, not when the gift is made to the non-profit organization.
The Peter Claver Society
Named in honor of St. Peter Claver, S.J., Jesuit priest and missionary known as the “Patron Saint of Slaves,” the society recognizes the friends who have thoughtfully included CTK in their estate plans.
We are grateful to the members of The Peter Claver Society for their indelible commitment to the mission and work of Christ the King Jesuit College Prep.
If you have already included CTK in your estate plans, or would like to discuss how you can support our students through planned giving vehicles, please contact Maureen Kelly, VP of Advancement at [email protected] or (773) 413-3509.