The easiest type of gift to make is a cash donation. But there are many ways to make a cash donation: send us a check; sorry, no credit cards at this time; payroll deduction - your employer may even match your contribution; automatic bank transfer - ask us for details about how. Your gift supports a great cause and it's tax deductible too!
Real Estate, stocks or retirement plans such as an IRA or Keogh may also be given to the Cove Education Foundation. Such investments are usually designated to support you and your family during retirement. In the event that you have such assets that aren't needed, consider donating them to support the Cove Education Foundation and you'll receive a tax deduction for your generosity. You should consult with a financial planner before making these kinds of gifts to assess the tax advantages.
Most of the immediate gifts listed above may also be given to the Cove Education Foundation in your will or living trust. Your attorney can provide the professional assistance necessary to make these types of arrangements.
Life insurance is also an excellent way to make a gift to the Cove Education Foundation. To do this, simply name the Cove Education Foundation as the primary, secondary, final or remainder beneficiary in your policy. Consult with your financial advisor - you'll probably be able to take a tax deduction.
A charitable remainder trust is a way to make a gift to the Cove Education Foundation and other charitable organizations you wish to support. A charitable remainder trust allows you to have an income from your assets for life or for another period of time that you specify. Trust funds are held separately and invested for payment of a fixed or variable income to you and/or someone else you name. When the trust ends (at the death of the income recipient or at time specified) whatever remains in the trust is distributed to the trustees. A tax deduction is allowed at the time you create your trust. The size of the tax deduction depends on many factors. Your financial advisor can assist you in creating a charitable trust.