Giving to Kuyper
Your support is critical to the success of our students and our mission.
For over 75 years, Kuyper College has provided an extraordinary learning experience, enabling our graduates to serve Christ's church in more than 50 countries around the world.
Your gifts enable us to equip students with a biblical, Reformed worldview that allows them to see all of life through the lens of Scripture and live purposeful lives of Christian service.
The most common way to make an immediate gift is by writing a check. This type of cash gift provides immediate liquidity for charity and generates a charitable income tax deduction for the donor in the year of the gift.
Giving stocks or bonds may provide greater tax benefits. If you have owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value.
A gift of real estate that has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the application.
Selected artwork, books, and antiques are examples of gifts of personal property that can, in certain situations, be an appropriate gift. To ensure that any tangible personal property qualifies for a favorable charitable tax deduction. For more information, please contact Ken Capisciolto, Vice President for College Advancement at 616-988-3702.
The term planned gifts refers to specific strategies that (in most cases) benefit charity at some point in the future while offering immediate benefits to the donor. The gift of a paid-up life insurance policy is a good example. By designating a qualified charity as owner and beneficiary of such a policy, you will receive a chairtable income tax deduction that, in most cases, is equal to your cost basis in the policy.
Charitable Remainder Trust
The most versatile charitable giving tool, the CRT, can bypass capital gains tax on the sale of appreciated assets, generate an increase in income, receive a charitable income tax deduction, and fulfill your philanthropic objectives. The CRT is the legal trust that can be constructed to produce a predictible annuity payment each year or take advantage of trust investment growth.
Next to writing a check, perhaps the best known vehicle for philanthropy is the bequest. A bequest establishes your wishes today without relinquishing needed assets during your lifetime. Bequests can transfer a specific asset or a percent of the estate after costs and taxes. Another good idea is to transfer property to a testamentary trust. If you would like more information on the strategies discussed here or other gift planning options, please contact Ken Capisciolto, Vice President for College Advancement at 616-988-3702.
Gifts That Generate Income for You (CGA)
The Gift Annuity is a great example of how a gift generates income for the donor. This is actually a contract between a donor and a charity that is part gift and part annuity. In addition to the annuity payment, the donor receives a charitable income tax deductionand a portion of each annuity payment may be tax-free.
The Deferred Payment Gift Annuity in which annuity payments are delayed for a number of years offers rates that make it an attractive suppliment to retirement income.
For more information, please contact Ken Capisciolto, Vice President for College Advancement at 616-988-3702.