Many opportunities exist for you to make a planned gift to Central Christian College of the Bible. Your gift will strengthen the future of ministry education at CCCB. Here are some of the options that have been used.
Include CCCB in your will and trust
Our ministry partner can help you create a living trust and other legal documents at no out-of-pocket cost or obligation. An educational seminar or webinar can be scheduled for you or your church.
Donate Stocks or Mutual Funds
Appreciated securities can be directly gifted to avoid capital gains. If they have decreased in value, the proceeds can be donated while using the capital loss.
Utilize Life Insurance or Annuities
Central can be the direct beneficiary of a life insurance policy or income annuity.
Create a Charitable Gift Annuity
Your gift immediately supports CCCB and creates a 40-60% tax deduction. You receive a guaranteed lifetime annual income paid out for the length of one or two lives, some of which is tax-exempt.
Include a Donor Advised Fund (DAF)
Assets that have already been placed in a DAF can be directed to the charity of your choice, including CCCB. This approach simplifies record-keeping and increases the value of your gift through the interest earned by the fund.
Use an Individual Retirement Account
If you are 72 or older, your Required Minimum Distribution can be directed to CCCB. As a result, you eliminate income taxes on the annual distribution, save your cash for other purposes, and can make a gift of up to $100,000 per year.
Make a Life Estate of Property
You can donate land or a house for a deductible gift while still using it for the rest of your life. The asset is not included in your estate tax liability and continues to benefit CCCB. The deduction can be used for up to six years.
Transfer Assets Directly to CCCB
You may deliver a “gift-in-kind” of the following assets: harvested grain, marketable livestock, and vehicles or other equipment. You avoid all taxes on the value of the asset.
Maximize Matching Gift Progams
Your corporate employer might make a gift to CCCB each time you give.
It is recommended that you speak with your accountant, financial advisor, or attorney to determine the tax benefits of your planned gift.
What will your legacy be?