Planned Giving

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).

Bequests

A planned gift to Christ the King Jesuit through your will has several advantages:

Charitable gifts made through your will are 100% deductible for estate tax purposes.
A charitable bequest may place your estate in a lower estate tax bracket.
You can designate a portion, a percentage or the remainder of your estate.
Many donors are able to make a more significant impact through their estate than they were able to during their lifetime.
You may specify that your bequest be used for the general purposes or for a particular area of interest.

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:

You will receive lifetime income payments.
You will have an income tax deduction this year and a portion of your payments could be tax free.
You will be providing support to CTK in the future.

Below are return rates on Charitable Gift Annuities, provided by American Council on Gift Annuities for a minimum gift of $20,000:

Age	Rate
55	3.7%
60	3.9%
65	4.2%
70	4.7%
75	5.4%
80	6.5%

Gifts of Appreciated Stock

By donating long-term appreciated stocks, bonds, or mutual funds to CTK you will avoid capital gains taxes on the appreciated asset.

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.