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Financial Development

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How you may give to Penn View Christian Academy.

Gifts of Cash

A gift of cash is the simplest way to give. Your gift of cash may be deducted for tax purposes up to 50 percent of your adjusted gross income in the year you make your gift, but any excess is deductible over the next five years. It is wise to take full advantage of the available tax benefits that the government allows.

Cash, check or credit card may be used to make your gift to Penn View. You now have the opportunity to give online using your credit card, or you may call our office at 570-837-1855.

Give Appreciated Assets

Making a gift of appreciated assets is a very attractive means of supporting Penn View Bible Institute. You will enjoy a greater tax relief by giving appreciated stock, bonds, mutual funds and real estate, than giving cash if you have held them longer than 12 months. You won’t have to pay capital gains tax on the appreciated portion of the gift. Talk to your tax advisor before making your final decision.

A gift of appreciated assets is a valuable way to leverage your giving. There are two options for your consideration when giving appreciated assets.

  • Donate the asset outright to Penn View Bible Institute, which means the asset is transfer immediately.
  • You may use the asset to fund a life income gift.

Give a Retained Life Estate

You would deed your property to Penn View Bible Institute now, but retain the right to live in, or rent the property as long as you or another person has attained that right. You retain the right to make improvements, pay the tax, maintain and provide insurance on the property. This property does not need to be your home in which you are presently living. You may have a vacation home that you no longer are using and would provide a excellent gift.

You will enjoy a tax benefit while supporting Penn View Bible Institute with your gift.

Endowment

By giving an irrevocable gift you may establish an endowment fund with Penn View Bible Institute for the purpose you choose with our approval. Your gift will be a lasting legacy while providing support in perpetuity for the project you chose. The principle will always remain invested to perpetuate your gift and only a portion of the revenue from the endowment will be used. The remainder of the revenue will be reinvested causing the endowment to grow. You may designate how the income is to be used or you may allow the Board of Trustees to designate its use..

Your gift will provide a nice tax relief while in a very conservative way help to guarantee the future of Penn View. Your gift will also demonstrate your love and commitment to the Institute and its mission.

Matching Gift

Contact your employer to see if they have a matching gift program that you may become a part of and through it support Penn View Bible Institute.

Charitable Gift Annuity

If you desire to give to Penn View Bible Institute but need income for life, the charitable gift annuity is a tremendous way to give and still receive income from your gift for life.

A charitable gift annuity is a simple contract where by Penn View Bible Institute agrees to pay to you/ and or another person a fixed income for life in exchange for an irrevocable gift of cash or securities. Your age/ages at the time of gift will determine the payment rate.

You will qualify for a income tax deduction the year you make the gift and a portion of each payment you receive will be tax free. If the gift is funded by appreciated stocks or securities your capital gains tax will be reduced.

The following are the present rates for selected ages.

Trusts

View the options that you have with different types of trusts. There is a trust that will enhance you giving and help you reach your goals.

Charitable Remainder Unitrust

A charitable remainder unitrust is a gift to Penn View Bible Institute and provides you with an income for life or a specified number of years. You will receive variable income payments each year determined by a fixed rate (typically 5 –7 percent) and the value of the trust each year. Your income may increase as the unitrust grows or as you make additional contributions to the unitrust.

You can avoid paying capital gains tax if you fund the unitrust with long-term appreciated assets.

You also receive an income tax deduction the year you make you gift. When the terms of the unitrust are fulfilled, the principal will go to Penn View Bible Institute.

Life Insurance

Your life insurance may no longer be needed and is a wonderful way to give beyond your dreams to Penn View Bible Institute.

Sometimes life and circumstances change so that you no longer need your life insurance policy. A policy to protect your spouse or to help guarantee your child’s education or a protection for your business but none of these are needed now for these needs have been provided by some other means. Giving this type of policy may help you realize your goal of giving to Penn View Bible Institute.

There are other methods of giving by using a life insurance policy. Please contact our office to discuss the options.