Description: In planned giving, Rehoboth receives a bequest on the death of the donor and will frequently use it to establish or grow an endowment. Generally, Rehoboth uses the earnings from the endowment's principle for general operations (tuition assistance). The principle is protected and is invested in perpetuity.
Purposes; planned giving, wills (bequests) and other forms of ‘deferred giving' are established to perpetuate:
1. Rehoboth’s vision and mission, and
2. You, our faithful donors, values.
Why is planned giving important to the donor?
First, just as giving was a priority in life, a planned gift passes on one’s priorities when departing from this life. A "planned gift" goes on giving. Second, while the giver expands his or her legacy, the gift can be structured so that it does not put at risk an individual’s concern that they might not be able to take care of themselves financially during their lifetime.
Why are planned gifts important to Rehoboth?
In some instances they provide immediate assistance and in others they help grow an endowment which will over time provide tuition assistance to needy families and provide long-term viability to Rehoboth while promoting Rehoboth’s financial health. In both estate gifts and other planned giving Rehoboth receives assets on the death of the donor and will frequently use it to establish or grow an endowment. Generally, Rehoboth uses the earnings from the endowment's principle for general operations (tuition assistance). The principle is protected and is invested in perpetuity.
Types of Gifts:
- Estate gifts
1. Wills or bequests are the planned gift of choice for most people for their simplicity and because many people choose to retain their assets for the balance of their lives…just in case. Bequests provide maximum flexibility and still allow for a gift to Rehoboth.
For a specific bequest: "I give to Rehoboth Christian School, Rehoboth, New Mexico, a non-profit corporation, the sum of $_______ [or ______% of my estate; or the property described herein], for its general purposes."
For a residuary bequest: "All the rest, residue, and remainder of my estate, both real and personal, I give to Rehoboth Christian School, Rehoboth, New Mexico, a non-profit corporation , for its general purposes."
2. Beneficiary designations are as simple as naming Rehoboth as a beneficiary in one’s retirement plan, life insurance or insurance annuity assets.
- Other planned gifts
1. Charitable Gift Annuities combine a donation and a fixed annuity payment each year for life.
2. Charitable Remainder Trusts can increase income, reduce taxes, unlock appreciated investments, get rid of investment worries and provide Rehoboth very important support. (Note that a Charitable Remainder Trust requires “the right circumstances”.)
3. Charitable Lead Trusts make a donation to Rehoboth now and reduce future tax burdens on heirs.
- Memorial and honor gifts recognize someone who you have fond memories of or respect and appreciate greatly, and in their name benefit Rehoboth and many families and students.
- Endowed Gifts establish or contribute to a fund that goes on giving over the years.