CISD Employee Partner
- Appreciated Stock
By making a charitable gift of appreciated stock, you can avoid or delay the capital gains tax. You can also take an immediate income tax deduction for the current fair market value of the stock, no matter what was originally paid for it.
- Bequest Through Will
One of the simplest and most popular ways to make a gift that will live after you is to give through your will. Such a designation can reduce your estate taxes.
- Charitable Remainder Trusts (Annuity and Unitrusts)
Donors and spouses can benefit from lifelong payments from such a trust. The donor selects the rate of return from these income arrangements and chooses a fixed or fluctuating annual payment to be made to the designated parties as long as they live. Capital gains tax may be completely bypassed and you will receive a tax deduction.
- Charitable Lead Trust
Assets (generally cash or securities) are transferred to a trust that pays income from the fund to the Foundation for the number of years you select. At the end of the designated time period, the trust terminates and the assets are given back to the person you name. This trust helps to lower estate and gift taxes that would otherwise be due on the assets. This option is especially attractive if you want to leave your children or grandchildren assets in the future.
- Gift Annuity
In exchange for a gift of cash, stock or securities, the Foundation will pay you, you and your survivor, or another person named by you, a guaranteed income for life. In addition, you receive a substantial income tax deduction in the year of the gift and part of the annual payment is non-taxable.
- Deferred Gift Annuity
This is similar to a gift annuity except that payments begin for you at a future date of your choice. Your tax deduction and the annual rate of return on your annuity increase the longer you wait to start payments.
- Life Insurance
Consider naming the Foundation the owner and beneficiary to receive proceeds of an existing life insurance policy. You will receive a tax deduction for approximately the cash surrender value, thereby reducing your tax liability in the year of the gift. An alternative is to purchase a new life insurance policy naming the Foundation as owner and beneficiary. With this option, you receive an income tax deduction for each premium made.
- Retirement Accounts and Pension Plans
Account funds (IRAs or company plans) beyond the comfortable support of yourself or loved one(s) may be given to the Foundation by proper beneficiary designation. Large pension plan assets can be subject to double or triple taxation that virtually eliminates the benefits to heirs if tax-wise alternative planning is not arranged.
- Real Estate
For some people, a gift of land, primary residence, or vacation home is a preferred way to make a gift. You will receive a tax deduction for the full fair market value, avoid all capital gains tax and remove this asset from future estate taxes.
This information does not constitute legal advice. Please consult your professional advisor.
For further information about making a planned gift to the Foundation, call our office at (806) 677-2605.
- Support the vision of the Education Foundation of CISD to generate and distribute resources to provide enhancements for excellence in education to Canyon ISD, its students and staff.
- Your contribution goes directly to fund Educator Grants, Student Scholarships, Student Leadership Grants and New Teacher Start-Up Grants.
- Your donation helps continue the goal of encouraging all CISD students to academically excel by providing leading edge opportunities using the most current learning tools, as well as encouraging higher education options.