Bequests: charitable gift by will 

A bequest can be a gift of a stated sum of money, a percentage, or the amount that remains after other bequests have been honored.  A bequest may also be a gift of a specific item to CCA as a specific beneficiary

Life Insurance 
There are a number of different options in this area. Speak with your life insurance agent about the options.

You can: name Clinton Christian Academy as a beneficiary to receive a certain percentage of your life insurance; donate a paid-up policy, which enables you to take a tax deduction in the amount of the replacement value of the policy; purchase a new policy and designate Clinton Christian Academy as owner and beneficiary (all of your premiums are then tax-deductible); buy life insurance to replace a bequest (this enables you to take the tax deductions now); or designate Clinton Christian Academy as a secondary or final beneficiary, which means that if your primary beneficiary(ies) predeceases you, Clinton Christian Academy is then the beneficiary and the amount we receive when the time comes is deducted from your estate taxes.


Retirement Assets 
Giving retirement assets enables you to fulfill your charitable goals while removing a potential tax burden from your heirs. Unlike your heirs, Clinton Christian Academy does not have to pay income taxes on the assets. Through retirement assets, you may be able to make a larger donation to us and reserve nontaxable assets for your heirs. You may also use retirement assets to establish a charitable trust, designating Clinton Christian Academy as the final beneficiary. Your spouse or other loved ones will receive payments from the trust for the duration of his/her life, after which we receive the remainder, with no estate or income taxes levied, to continue our work.

For more information about planned giving options, please consult with your tax advisor or attorney and contact our School Board with any further questions.