Planned Giving

Planned giving is “philanthropy for all of us” and the economic and tax benefits associated with it can make it affordable and attractive to people from all walks of life. You can make a legacy gift that costs nothing today and may even ease estate tax issues for your loved ones.

Planned Giving is purposely designating money or other assets that will come to ACBA through:

• A bequest in your will or trust

• Life insurance

• Retirement assets such as a 401K or 403B

• Stocks or other personal property

You may have more power than you think to make a difference, because including ACBA in your estate plan is a way to give without impacting your current cash flow.

You don’t need a lawyer or accountant to make a planned gift that transforms tomorrows for the students at American College of the Building Arts. Please give us a call, (843) 577-5245, and we can walk you through the options to find one best suited to your unique situation.

Gifts Anyone Can Make

• Bequests – Naming the ACBA as a beneficiary of your will or living trust is an easy way to make a significant gift that does not affect your cash flow. To further simplify the process, we can provide you and your attorney with the necessary language to include in your will.

• IRA Qualified Charitable Distribution (QCD) – If you have an IRA and are 70 1/2 or older, you can donate tax-free from your IRA. You can transfer up to $100,000 annually to ACBA and pay no taxes. This may also help you meet your Required Minimum Distribution, thus lowering your taxable income. Best of all, it is very easy!

• Life Insurance – By gifting a whole-life insurance policy that you or your family no longer needs, you can take an immediate deduction for its cash value, and deduct future premium payments, if any.

Gifts That Pay You Income

A Charitable Remainder Trust allows you to make a significant gift to ACBA now while providing payments to one or more people, including yourself. This kind of trust is simple to set up, and it is flexible in how it must be funded and in how payments are made.

Gifts That Protect Your Assets

A Charitable Lead Trust allows you to greatly reduce or even completely avoid gift and estate tax on assets passed on to your family by placing them in a trust and directing enough of the income to ACBA over a period of years. At the end of the trust term you, your family, or others receive the remaining assets