There are many giving options available to you, such as naming St. John’s as a beneficiary in your will, giving a gift of estate, as well as other options. For more information, please find the contact info below.
Planning a bequest gift gives you the flexibility to make a charitable gift at your death. You can do this by designating SJMS as the beneficiary of your asset by will or trust. This allows you to still have ownership of your property but also receive an estate tax charitable deduction.
If you own a life insurance policy and no longer need its protection, you may name St. John’s Military School as a sole and irrevocable owner and beneficiary of the policy. You may also purchase and transfer a new irrevocable policy to SJMS. Either approach will result in a charitable income tax deduction approximately equal to the cash surrender value of the policy on the date of the gift. You may claim additional charitable income tax deductions for the amount of any subsequent premium payments.
Tax benefits of giving real estate are generally the same as for gifts of securities. When appreciated property is given, you receive a deduction for the full value of the asset, while avoiding the capital gains tax.