Plan Your Legacy
Your Gift Matters! Make a lasting impact with a future gift.
Have You Already included
CCA Foundation in your estate plans?
Bequest
Your assets remain in your control during your lifetime.
You can modify your bequest if your circumstances change.
You can direct your bequest to a particular scholarship or program at CCA.
There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
For your convenience, please review CCA Foundation’s sample bequest language and contact John.Wolfkill@ccaurora.edu with your questions.
CHARITABLE GIFT ANNUITY
The scholarship or CCA program support that is available through a Charitable Gift Annuity begins after the donor’s lifetime. Until then, the income from the gift is available for the donor’s personal use. The return is guaranteed, regardless of economic fluctuations, and it offers a tremendous tax benefit. This giving option offers the security of guaranteed fixed-income now, while providing future support to CCA students for generations to come.
How It Works:
- You transfer cash or securities to CCA Foundation
- CCA Foundation pays you or one other beneficiary you name a fixed income for life
- The remaining balance passes to the CCA Foundation when the annuity ends at the death of the last beneficiary.
Benefits:
- You or the person you name receives dependable, fixed income for life in return for your gift
- You receive an immediate income tax deduction for a portion of your gift
- A portion of your annuity payment will be tax free.
Things to Know:
- Beneficiaries must be at least 50 at the time of gift and 65 at the time they begin receiving the annuity payments
- Our minimum gift requirement is $10,000
If you are interested in a Charitable Gift Annuity, please contact John Wolfkill at (303) 360-4833 or John.Wolfkill@ccaurora.edu. We can provide you with examples for your consideration and assist you through every step.
Life Insurance
In addition to ensuring the financial well-being of your loved ones, a life insurance policy is an impactful philanthropic tool for you and your family. Typically, this type of gift arrangement can be made with little or no additional long-term costs to you or your family.
Retained Life Estate
Occasionally, donors are interested in an immediate charitable gift deduction of their personal residence but they are not ready to leave their home. In this case, a donor may transfer their personal residence, vacation home, or farm to the CCA Foundation. The donor continues to maintain the property. In return, the donor can continue to live on the property and qualify for a partial gift deduction now. Following a set term of years, the CCA Foundation liquidates the property. The proceeds from the sale of the property may support the scholarships or CCA programs recommended by the donor.
If you are interested in learning more about a Retained Life Estate, please contact John Wolfkill at (303) 360-4833 or John.Wolfkill@ccaurora.edu.
