Planned Gifts
What will your legacy be?
Your planned gift can strengthen the future of ministry education at Central and help prepare biblical servants for generations to come.
Include Central in Your Will or Trust
Central’s ministry partner can help you create a living trust and other legal documents at no out-of-pocket cost or obligation. An educational seminar or webinar can be scheduled for you or your church.
Donate Stocks or Mutual Funds
Appreciated securities can be given directly and may help avoid capital gains. If securities have decreased in value, proceeds may be donated while using the capital loss, depending on your tax situation.
Utilize Life Insurance or Annuities
Central can be named as the direct beneficiary of a life insurance policy or income annuity.
Create a Charitable Gift Annuity
A charitable gift annuity can support Central and may create a charitable income tax deduction. It can also provide guaranteed lifetime annual payments for one or two lives, with potential tax benefits depending on the donor’s situation.
Include a Donor Advised Fund
Assets that have already been placed in a Donor Advised Fund (DAF) can be directed to the charity of your choice, including Central. This approach can simplify record keeping and allow fund assets to be invested before grants are made.
Use an Individual Retirement Account
If you are age 70½ or older, you may be able to make Qualified Charitable Distributions directly from an IRA to Central, up to the annual IRS limit. If you are also subject to Required Minimum Distributions, a qualified charitable distribution may count toward that requirement.
Create a Legacy IRA
You may be able to use a one-time IRA charitable distribution to fund a charitable gift annuity. This may satisfy part of your giving or distribution goals while providing fixed lifetime income.
Make a Life Estate of Property
You can donate land or a house while retaining the right to use it for the rest of your life. This type of gift may create a charitable deduction and keep the asset from being included in your taxable estate.
Transfer Assets Directly to Central
You may deliver a gift-in-kind of assets such as harvested grain, marketable livestock, vehicles, equipment, or other property. Direct transfers may provide tax advantages depending on the asset and your situation.
Maximize Matching Gift Programs
Your corporate employer may make a matching gift to Central when you give. Matching gift programs can multiply the impact of your support.
Tax and Legal Guidance
It is recommended that you speak with your accountant, financial advisor, or attorney to determine the tax benefits and legal implications of your planned gift.