Many donors create endowed funds in honor or memory of an individual, or to serve a specific purpose that is important to the donor. The donation can be used completely or invested so that interest from the invested funds provides a gift each year in perpetuity for Covenant to use according to the donors' wishes. Previous endowed gifts have created our current building, scholarships, teacher renewal funds, and professional development opportunities.
Ways to give to start an endowment fund:
- Give Cash or Securities
All donations are tax deductible. The gift of highly appreciated stocks are deductible in the full amount of the stock on the day it was given without the donor paying capital gains taxes.
- Include Covenant Christian High School in your will or estate plan
A bequest may be for a specific amount or for the residue or any portion of the estate.
- Give a gift of life insurance
Creating a major gift at a relatively low cost to the donor. A tax receipt is issued for the premiums paid by the donor when Covenant Christian High School is named the owner and beneficiary of a new or existing policy.
- Transfer an existing private foundation or
Administrators may find it practical and economical to transfer assets to a named fund within Covenant, assuring the intent of the fund in perpetuity.
- Set up an annuity, charitable remainder trust
or other planned giving instrument
This can be structured to suit your financial needs and benefit Covenant Christian High School. Covenant Christian High School's staff or directors can discuss with you the most appropriate vehicle for your situation and interests.
We welcome the opportunity to answer your specific questions at any time, and are happy to work alongside your family's financial adviser.