Support DCS » Gift Giving Options
Charitable Gift Giving
Dickinson Catholic Schools Non-Profit Tax ID #45-0538264 and
Dickinson Catholic School Foundation Non-Profit Tax ID #23-7417611 As you know, the IRS allows many different methods of giving to encourage donors to get involved with their favorite charities. Below are a few simple options that we have. Please let me know if you wish to discuss confidentially how one of the following might work. All plans should be discussed with your financial planner. CURRENT GIFTS
Outright:
Gifts can be made in any amount. Gifts can be directed to areas of interest in the school (see funding list). Payment methods can include cash, check, secure online payment with a Credit Card or AGT (pre-Authorized Gift Transfer) which is bank-to-bank transfer. Check out our website for more transfer instructions – www.DickinsonCatholicSchools.k12.nd.us (Click Support DCS). Memorials: At any time a gift can be made in the memory or honor of a loved one. Please ask us about specific naming opportuities for your gifts or if you would like to establish an endowment. Stock or Mutual Fund Gifts:
If you have appreciated stock or mutual funds, this might offer some extra tax savings. Transfers can be accepted to our account (see our website for instructions). Gift In Kind:
There are many needs for practical items or services around the schools. Copy paper, pencils, cleaning, snow removal, buses, handyman work, bus or automotive repairs, school books, all offer opportunities for you or your business to offer these items as gifts. Tangible Personal Property:
Such things as coins, jewelry, copyrights, mineral rights, crops, and livestock all can be accepted. Real Estate:
If you are looking to transfer, or sell land, real estate or income properties, now might be a good time to consider a part or complete gift of that asset to save taxes. Options may exist as well for receiving income for life in return and still get a tax deduction as a charitable gift. (See income gifts below) Paid up Insurance:
With some individuals, policies are paid-up and not needed anymore for the original purpose. If you would like to make a gift, these could make easy gifts with no impact on the checkbook. Retirement funds:
At times, a gift from a retirment fund may be a good option for funding a gift. Check with us for more details. LIFE INCOME GIFTS
Charitable Gift Annuity: Offers you a partial charitable deduction. On a regular schedule, you would receive income in return for your gift calculated by a percentage based on your age. Rates range from 5% to 9% based on your age; (there is some return of principal). The nice part of this gift plan is the fixed reliable income, but also it can protect the asset value from probate and estate taxes. They are simple to set up, and 100% of the assets are conservatively invested in a special restricted fund to ensure a secure payout of income. The remaining assets of the income upon beneficiary's death is then used by the charity. Charitable Trusts: Offer great flexibility to benefit family members, special needs children, or a remaining spouse and still help charity. Gifts can be set up to provide variable or fixed rate income to serve the needs of you and your family. Trusts can also help reduce or eliminate the capital gains tax, provide a large charitable deduction, save estate taxes, and increase income from a non-income or low income producing asset. When income beneficiaries pass away, the remaining fund balance would go to the charitable remainder beneficiary. ESTATE GIFTS Assignment Gift: By designating Dickinson Catholic Schools as a beneficiary or co-beneficiary of your IRA insurance or bank account, you provide a nice gift at your demise simply and easily. Many gifts like this only require a simple signature on a beneficiary form. Bequests in Wills or Living Trusts: Are a simple way for you to establish memorials, or funds which will live on past your lifetime. We suggest a person leave a percentage bequest which then fluctuates with available assets. In some cases, when children or other family members are part of the plans, we suggest they consider our charity as an “extra” family member. You can designate a “purpose” if you would like and simply include that in the bequest listing. For more information or questions, please use the contact information below. Questions - Contact:
JOHN HEINEN
Director of Development
John.heinen@sendit.nodak.edu
701-590-4572 cell
(701) 483-0426 office
Our legal title is Dickinson Catholic Schools: non-profit tax id #45-0538264 or
Dickinson Catholic Schools Foundation for endowed gift: non-profit tax ID #23-7417611
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