By making a planned gift, you can make a significant gift to The King’s University to address some of the world’s most pressing issues in developing spiritual leaders—and gain financial and tax benefits for you and your family.
There are several types of gifts that first pay income to you and your family and then help The King’s University. These also can enable you to dispose of illiquid assets in exchange for income and tax benefits. The lead trust is a gift arrangement that can help you transfer wealth to the next generation in a tax-efficient manner.
Giving Appreciated Securities is Now More Advantageous
A gift to The King’s of appreciated stock held for more than one year may provide you with significant benefits, including:
- An income tax deduction for the fair market value of stock (top federal rate 39.6%)
- The elimination of capital gains taxes due if the stock were sold instead (top federal rate 23.8%)
Opportune Time to Establish a Lead Trust
The American Taxpayer Relief Act of 2012 permanently extended the $5.25 million (per individual), $10.50 million (per couple) gift and estate tax exemption. In addition, each individual has a $5.25 million generation-skipping tax exemption. These exemptions, coupled with current low interest rates create an ideal environment to establish a charitable lead trust for financial and estate planning. Going forward, the exemptions are indexed annually for inflation.