Gift of Cash
A gift of cash is a simple and easy way to make a gift. Donors receive a charitable tax deduction that will provide tax savings during the year a cash gift is made.
Gifts of Stocks
A gift of securities, including your stocks or bonds, is an easy way to make a gift. By making a gift of appreciated securities, donors avoid paying capital gains tax that would otherwise have been paid if this asset was sold. Donors receive a charitable tax deduction during the year a gift of securities is made.
Gifts of Tangible Personal Property
With a gift of tangible property such as valuable artwork, antiques, collectibles or other personal property, donors have the satisfaction of making a significant gift to Heathwood without adversely affecting their cash flow. Donors receive a charitable tax deduction during the year a gift of tangible personal property is made.
Charitable Lead Trust
A charitable lead trust (CLT) is an irrevocable trust that provides for charitable and non charitable beneficiaries. As the charitable beneficiary of a CLT, Heathwood receives either a fixed dollar amount each year (a charitable lead annuity trust CLAT) — or a fixed percentage of the value of the trust each year (a charitable lead unitrust CLUT). At the end of the trust term, the trust property reverts to the person who created the trust or is transferred to other non-charitable beneficiaries such as family members.
In addition to providing support to Heathwood’s now, charitable lead trusts are often used for family wealth succession and estate tax planning purposes.
Please note: Heathwood does not serve in a trustee capacity but instead works with donors and a trustee selected by the donor as the charitable lead beneficiary or “remainderman” of the trust.
Life insurance policies can be used to make a substantial gift to Heathwood Hall. There are several ways to use a life insurance policy to support Heathwood, including listing the School as a beneficiary of a policy.
If Heathwood is named both the sole owner and beneficiary of a paid-up, whole-life insurance policy, donors may receive an immediate charitable deduction for the lesser of the policy’s fair market value or the policy’s cost basis. In most instances, Heathwood will surrender paid-up, whole-life insurance policies so proceeds may be used immediately.
Under certain circumstances, upon being named owner and beneficiary, Heathwood may find it more advantageous to maintain the policy until the death of the insured person. In this situation, additional premiums paid on behalf of Heathwood are tax deductible.
Charitable IRA Rollovers
Using Qualified Charitable Distributions from an Individual Retirement Account (IRA) is an excellent option for supporting Heathwood Hall now.
If you are 70½ years old or older, this tax-savvy strategy allows you to transfer up to $100,000 annually from your IRA directly to Heathwood. Qualified Charitable Distributions count toward your IRA’s annual Required Minimum Distributions (RMD), and you pay no federal income tax on distributions transferred to HEathwood.
Qualified Charitable Distributions can be used to fulfill multi-year pledges.