Types of Outright Gifts
Gifts to The King's College are Tax-Deductible
Cash donations in the form of credit card transactions or checks made out to The King’s College are the most common types of charitable gifts. King’s will send you an acknowledgement of your gift dated the day your donation is received. Checks may be mailed to:
The King’s College
Office of Development
New York, NY 10004
Increase your giving benefits by making a gift of appreciated stock. By donating stock that you have owned for more than one year, you will qualify for a charitable deduction for the full fair market value of the stock, no matter what you originally paid for them, and you pay no capital gains tax on any appreciation that took place.Learn More
A donor advised fund is like a charitable savings account, giving you the flexibility to recommend how much and how often money is granted to The King’s College and other qualified charities. Harness the philanthropic power of a private foundation, such as the National Christian Foundation or Fidelity Charitable Gift Fund, to recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
You may donate all or part of your personal or vacation residence, commercial property, farm or other real estate either as an outright gift or as part of a life-income plan. Tax savings and other benefits will vary according to the method you choose, your personal circumstances and the value of the property.
Life insurance affords a practical means of making a gift to The King’s College. If you name the College as the owner and beneficiary of the policy, the policy’s value is a charitable contribution in the year of transfer. If the policy is not fully paid up, you will be entitled to a charitable contribution deduction for each subsequent premium payment.
Naming the College as the primary or alternate beneficiary of a policy (but not the owner) will not provide a current deduction for either the value of the policy or the premiums paid. However, your estate will be permitted to deduct the amount of the proceeds payable to the College for estate tax purposes and you will be able to confer a significant benefit on the College at a relatively modest annual cost.
If you wish to ensure that the proceeds of life insurance be available for the support and maintenance of your surviving spouse before going to the College, a variety of trust arrangements can accomplish this. Please confer with your attorney or financial planner as to your specific financial and estate-planning situation. We would be pleased to provide you or your advisors with more detailed information about how your gifts would ensure the future success of the College.