How Are Planned Gifts Funded?

OUTRIGHT GIFTS
Funding Method
Cash, appreciated or closely held securities, real estate, or personal property

Benefit for Donor
Deduction normally is up to 100% of gift’s fair market value
(certain limitations apply)

Benefit for Piedmont Community College
Provides immediate access to donated funds

WILLS
Your Will is one of the most important documents you will ever sign. It is through your will that you can distribute all the property accumulated in your lifetime, contribute to the financial security of your beneficiaries, benefit causes you think important (such as Piedmont Community College) and memorialize your own existence.

GIFTS OF RETIREMENT ACCOUNTS
Funding Method
IRAs, pensions, 401(k) plans and other retirement savings plans provide for beneficiaries at death, which can include charitable or non-profit organizations such as Piedmont Community College. A gift of a retirement account can save both estate (or “death” taxes) and income taxes.

Benefit for Donor
Income tax and estate tax reduction, satisfaction of helping Piedmont Community College continue its mission

Benefit for Piedmont Community College
Ensures future funding for designated purposes.

CHARITABLE TRUSTS
There are several types of charitable trusts that may be created by a donor to benefit not only Piedmont Community College, but the donor as well.

Funding Method
Cash; appreciated stock, real estate, closely held securities

Benefit for Donor
Lifetime income guaranteed to donor (may be immediate or deferred to a later date); immediate income tax deduction; elimination of capital gains tax on gifted property; satisfaction of helping Piedmont Community College continue its mission while enjoying an income stream from the gift.

Benefit for Piedmont Community College
Ensures substantial future funding for designated purposes; may be used as collateral for Piedmont Community College loans.

GIFTS OF LIFE INSURANCE
Funding Method
Gift of an existing policy that is no longer needed by the donor; purchase of a new policy naming Piedmont Community College as owner and/or beneficiary; including Piedmont Community College as a beneficiary of an existing policy.

Benefit for Donor
Immediate tax deduction for policy value at the time of transfer to Piedmont Community College; future premium payments may also be tax deductible as gifts; leverages the amount of the gift to Piedmont Community College; satisfaction of helping Piedmont Community College continue its mission.

Benefit for Piedmont Community College
Ensures substantial future funding for designated purposes; policy cash values may be used as collateral for Piedmont Community College loans.

Piedmont Community receives funds from three sources: