Improve the Future of Vance County Without Affecting your Current Cash Flow
I cannot think of a better way to invest in the future of Vance County than by investing in the education of our children and future leaders. And best of all you can make a donation to the Vance County Public School Foundation without even affecting your current cash flow through planned giving.
A planned gift allows you to make a donation even if you are not able to give one now. There are several options for planned giving and you can easily leave a legacy by finding the right option for you.
There are three very popular planned gift options that you should consider. The first option is called a legacy gift. One legacy gift option is to leave a bequest in your will or trust to VCPSF. The bequest can be for a specific amount or for a certain percentage of your estate, or whatever may remain after any other bequests are satisfied. You can also name VCPSF as the beneficiary of all or part of your retirement account assets such as your IRA, 401K or other qualified plan. Another option is to name VCPSF as a first, second, or contingent beneficiary of a life insurance policy or annuity.
Another type of planned giving is making a gift of appreciated securities such as stocks, bonds or mutual funds. Appreciated securities are easily transferred and make an excellent gift. Another great option is gifts of real estate or tangible property. Real estate can be donated outright or retained as a life estate which will pass to the VCPSF at the time of death of a life tenant. A gift of real estate can offer significant tax deductions to the donor and make a huge difference for VCPSF. You can also donate tangible property such as antiques, estate jewelry, artwork, etc. that has usefulness as a gift. Again this would be a tax deductible donation.
These are only three examples of planned giving. To find out more about how you can help VCPSF provide resources to strengthen public education contact Terri Hedrick at 252-492-2127 ext. 2100.