Planned Giving
To make an online donation, click here
Planned Gifts
Planned Giving is an effective way to have an impact on the future
well-being of Calvary Leadership Institute. Individuals have many
options available to them in making their estate plans such as
bequests, charitable remainder trusts, charitable lead trusts or
insurance policies. Calvary Leadership Institute recognizes all who
have made provisions for Calvary Leadership Institute in their estate
plans through The Founders Society. When a member of the Calvary
Leadership Institute community makes a planned gift they automatically
become a member of this very important group of supporters of the
mission of The Calvary Leadership Institute.
We encourage you
to contact the CLI Administrator at 757-321-7717 should you want more
information concerning a planned gift. The Institute also highly
recommends that you consult with a financial advisor while considering
your estate plans. For your information, brief descriptions of planned
giving vehicles are offered below.
Bequests
Bequests,
large and small, are a significant source of support for Calvary
Leadership Institute. Simply stated, a bequest is the act of naming
Calvary Leadership Institute in your will. Calvary Leadership
Institute's policy is for all realized bequests to be placed in the
Institute's endowment, unless otherwise specified by the donor.
Charitable Remainder Trust
If
you own real estate or securities that have appreciated greatly over
the years and you want to avoid paying the capital gains taxes you
would incur when you sell, a Charitable Remainder Trust may be an
attractive option for you. Using your appreciated property or
securities, set up an Irrevocable Remainder Trust with your attorney or
financial planner and name Calvary Leadership Institute as the
beneficiary. The Trust, which is not subject to tax, sells property or
securities, reinvests the proceeds and makes specified annual payments
to you or other designated individuals for a specified period of time.
At the end of that period, the remaining funds in the Trust go to
Calvary Leadership Institute.
Charitable Lead Trust
A
Charitable Lead Trust is essentially the reverse of a Charitable
Remainder Trust. You would transfer your appreciated property or
securities to an Irrevocable Trust, but with this type of investment
Calvary Leadership Institute receives the annual income interest
payments for a specified period of time or your lifetime. At the end of
that period, the remaining funds return to you or your designated
beneficiary.
Life Insurance
Another
vehicle for planned giving is the use of life insurance. Many
individuals name Calvary Leadership Institute as the sole beneficiary
or one of several beneficiary of a life insurance policy. The Institute
would receive the benefit at the time of death of the donor.