callout background
Callout Image 1

 

 

 
Callout Image 2

 

 

 

Planned Giving

Thank you for considering a planned gift to benefit Children's Shelter of Cebu (CSC). Your gifts make an eternal difference in the lives of the children we serve and staff who serve them and ensure a sustainable future for children who have yet to experience the loving home and phenomenal care CSC provides.

"But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; for where your treasure is, there your heart will be also." Matthew 6:20-21 (NASB)

Some planned gifts provide income and tax benefits for you today, while others may reduce the amount of taxes your estate or children will pay at your death. There may be advantages to leaving certain assets to charities like CSC.

 A planned gift to CSC may:

  • Fit appropriately with your estate plans and concerns for heirs
  • Provide tax advantages or savings, often quite substantial
  • Complement your life goals for all God has entrusted to you
  • Match your wish to leave a legacy to the causes you care about

A variety of gift-planning options are available:

Will of Revocable Trust Bequest -- Leave CSC a specific dollar amount or percentage OR a portion of the residual of your estate, receive an estate tax deduction, reduce the burden of taxes on your family.

Retirement Plan Assets -- Avoid potential estate tax on retirement assets, consider leaving heirs assets that do not have income tax liability for them, avoid taxes on direct transfers to CSC up to $100,000 per person for those 70 ½ and older, satisfy your RMD requirements.

Life Insurance -- Leave charity as a percentage beneficiary OR change ownership and beneficiary to charity on paid up policies, receive charitable income tax deduction.

Real estate, tangible personal property, or other assets -- Avoid paying capital gains tax on sale of real estate or other property, receive tax deduction for appraised value.

Charitable Gift Annuities -- Make a tax-deductible gift to charity, receive fixed income for life that are partially tax-free, receive current tax benefits on income.

Planned gifts may require you to work with a professional advisor or attorney in drafting the appropriate language or documents. We strongly encourage you to seek the proper tax, financial and legal counsel.

Children's Shelter of Cebu
PO Box 247
Cambridge, MN 55008
Tax ID#: 41-1330241

If you would like more information about making a planned gift to CSC, please contact Jill Grasley at (651) 493-1551 or jill.grasley@cscshelter.org. Please let us know if you've included CSC in your estate planning!