1887-1967 Cedarville College Annual Report

Christian Stewardship and Estate Planning Most Christians are conscientious stewards during life, but many do not realize that stewardship need not end at the grave. Through proper planning, they can provide security for their loved ones as well as give a substantial gift to Christian higher education, missions, a local church, or other charitable causes that are upon their heart. Many procrastinate because they know little about planning for the distribution of their estate. The college hopes to provide a valuable service by offering information on the different ways that one may provide for their loved ones and at the same time leave a gift for the Lord's work. The college has retained one of the foremost organizations in the United States which specializes in tax laws, trusts, and estate planning to help the college establish a gift and estate planning program. Two members of the development staff have been professionally trained to provide personal coun– seling for interested individuals. Cash Gifts Money gifts are tax-deductible up to 30 per cent of your income. The donor may "carry over" his deductions in excess of 30 per cent of the adjusted gross income for a period of up to five years. Stocks and Bonds By giving stock to Cedarville College, you can save on capital gains taxes. The full market value of the stocks, at the time of the gift, will be tax-deductible. Real Estate By giving real estate directly to the college, you can save capital gains taxes. The entire amount may be de– ducted from your income tax over one or more years. The college has prepared the following helpful book– lets that are provided free upon request: "Making Your Will" is a booklet that tells you what you should know before you see your lawyer. Any bequest to Cedarville up to and including the total estate of the testator is exempt from Federal estate tax . As a result, a larger be– quest may be made to Cedarville because of the saving of taxes which would otherwise be payable. "The Life-Income Contract" booklet will tell you how a gift to Cedarvi lle can pay you an income for the rest of your life. The ques– tion and answers in this booklet will help you to judge whether this is the best way for you to give to Cedarvi lle. Gift Annuity A Cedarville College gift annuity meets the need of many people who would like to make a gift to the college but are unable to make an outright donation since they neeJ the income from their ;issets during their lifetime. Trusts You can save costs and delay in probating your will by setting up a trust. Life Insurance You can name Cedarville College as beneficiary for a percentage of the proceeds of your policies, or you can make the college secondary be ne– ficiary . We have pointed out some of the opportunities available in estate planning. There are many ways in which these pos– sibilities can be used to meet _your needs. We caution our friends that no one _program is best for eve_ryone. Your particular circumstance will determine the course you shou~ follow. An estate plan must be tailored to meet your own objectives. A confidential conference with one of our professionally-trained development officers can be arranged without cost or obli– gation by returning the enclosed information card.