Wills, Trusts and Estate Planning. IICS may be named as a beneficiary in your will or trust. You may include IICS in your will by naming IICS for either a specific amount or a percent share of their estate. Some donors name IICS as the residual beneficiary of their estates after payment of bequests to others. IICS also welcomes gifts of personal property by bequest.
Securities. Stocks, bonds, certificates of deposit and other appreciated assets can provide needed support for IICS as well as a significant tax savings for the donor. Gifts of appreciated securities, owned for the minimum period required by law, are deductible at fair market value on the day they are transferred to IICS. Ownership of the securities must be transferred prior to any sale to qualify for the fair market value deduction and to avoid capital gains taxes on the appreciation. For more information, email IICS.
Closely held stock may also be donated to IICS through the IICS Foundation at the Servant Christian Community Foundation. Find out more about donating Closely Held Stock.
Matching Gifts. Many corporations match gifts made by their employees to educational causes. IICS is eligible for matching gifts in many cases. Please obtain a form from your company and send it by mail to IICS. To request our tax ID number or for more information, email IICS.
Complex Gift Services. The IICS Foundation, through partnership with Servant Christian Community Foundation, is able to receive donations of “complex gifts”, including personal property, retirement plans, real estate (see below), life insurance (see below), Limited Liability Company Interests, estate gifts, etc. Find out more about how to donate complex gifts to IICS.
Real Estate and Other Property Gifts. You may contribute real estate and many different types of personal or commercial property, including art, books, furnishings and special collections to IICS. A gift of real estate, land, vacation home or personal residence, stock in a closely held company, or collections or works of art are eligible for the same tax benefits as gifts of securities, provided the donor has owned the property for the minimum period required by law. An appraisal is required to establish the fair market value of the gift for tax purposes. For more information, go to our page on Giving Real Estate to IICS, or email us.To determine what kind of information you must have to support charitable contribution deductions (IRS Publication 526) or the value of donated property (IRS Publication 561) that you want to claim on your tax return, go to the IRS Forms and Publications download page.
Gifts of Real Estate with Retained Life Estate. You may make a future gift of your personal residence or farm to IICS while retaining the right to live on the property for as long as you wish. This type of gift provides significant immediate income tax benefits and future estate tax benefits.
Gifts-in-Kind. Examples include library materials, frequent flyer miles and equipment.
Life Insurance. You may choose to name IICS as irrevocable owner and beneficiary of a policy which provides you with an immediate or ongoing tax deduction. Or you may simply designate IICS as the beneficiary of a policy. You may claim a charitable deduction for the accumulated cash value for a paid up policy or for the annual premium costs of continuing an existing policy or establishing a new policy. For more information, email us.
Charitable Gift Annuities. A charitable gift annuity is a giving vehicle that enables you to give to IICS and receive back fixed annuity payments for life. It is part gift and part annuity. Learn more about Charitable Gift Annuities.
Charitable Remainder Trusts. A Charitable Remainder Trust is a way to give that enables you to transfer appreciated assets into the trust and avoid taxes on the sale of the assets, receive an immediate income tax deduction, receive income for your personal use and make a donation to IICS. Learn more about Charitable Remainder Trusts.