Planned Giving is an effective way to have an impact on the legacy and mission of Christian Academy of Knoxville. Individuals have many options available to them in making their estate plans such as bequests, charitable remainder trusts, or charitable lead trusts.
We encourage you to contact Craig Collier, CAK's Director of Development at (865) 690-4721 ext 177 or email@example.com for more information and always discuss any planned giving with your financial advisor. The school also highly recommends that you consult with your financial advisor while considering your estate plans. For your information, brief descriptions of planned giving vehicles are offered below.
Simply stated, a bequest is the act of naming Christian Academy of Knoxville in your will. Bequests, large of small, are a huge blessing to CAK.
CHARITABLE REMAINDER TRUST
If you own real estate or securities that have appreciated greatly over the years, a Charitable Remainder Trust may be an option for you. Using your appreciated property or securities, set up an Irrevocable Remainder Trust with your attorney or financial planner and name Christian Academy of Knoxville as the beneficiary. The Trust, which is not subject to tax, sells property or securities, reinvests the proceeds and makes specified annual payments to you or other designated individuals for a specified period of time. At the end of that period, the remaining funds in the Trust go to Christian Academy of Knoxville.
CHARITABLE LEAD TRUST
A Charitable Lead Trust is essentially the reverse of a Charitable Remainder Trust. You would transfer your appreciated property or securities to an Irrevocable Trust, but with this type of investment Christian Academy of Knoxville receives the annual income interest payments for a specified period of time or your lifetime. At the end of that period, the remaining funds return to you or your designated beneficiary.