Granville Christian Academy can be named as a
beneficiary in your will in any one of a number of ways. And if your estate is subject to the federal
estate tax, a charitable bequest can save significant tax dollars.
A bequest is a gift to charity at time of
death. This is the simplest type of
planned gift to make and one of the easiest to implement.
Options to make a bequest include
Codicil: if you already have a valid, up-to-date
will, you can have your attorney prepare a codicil to your will naming Granville
Christian as a beneficiary without having to rewrite your entire will.
Outright bequest: You can specify an outright
gift of cash, securities, real estate or tangible personal property. If you
bequeath dollars, you may wish to bequeath a certain fraction or percentage of
your estate to GCA, rather than a fixed sum; this serves as a hedge against
both inflation and unforeseen shrinkage, and assures your heirs their
Residual bequest: A residual bequest provides
that, after specific bequests are made to named individuals, the residue, or
amount remaining in the estate, is left to Granville Christian Academy.
Testamentary trust: Such a trust can provide
income for another person or persons for life, with the principal ultimately
passing to Granville Christian Academy. You may also use this strategy to designate
that the income come to us for a certain number of years and the principal
ultimately pass to family members or others.
Before making a decision to support Granville Christian
Academy with a gift through your will we encourage you to be mindful of the
needs of your family, church, and alma mater.
Granville Christian Academy Inc. is an IRS
designated nonprofit corporation, EIN 47-1245702.