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Gifts Through Your Will


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 proportionate share.

=         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.

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