Shrewsbury Christian Academy

# Support SCA

There are many ways you can support Shrewsbury Christian Academy. Below are a few methods on how to contribute to the growth and development of the school. Please call the school for more details. All donations are tax deductible.

# School Operations

Monies donated to the operation of the school will cover the cost of expenses to run Shrewsbury Christian Academy that are not necessarily covered by tuition and fees.

Donate securely online through Paypal by clicking the button below.

# School Scholarships

Monies donated to school scholarships will provide aid for families needing tuition assistance.

# Scrip Program

Did you know you can fundraise for SCA while shopping? The Scrip program lets you buy gift cards for stores you shop at everyday (including Walmart & Target) while a portion of the proceeds goes toward your student's school bill and SCA receives a portion also. Download the Scrip Program form to learn more.

# Endowment Fund

Monies contributed to SCA's Endowment Fund are to assist in the future growth and development of Shrewsbury Christian Academy through its programs, school families, faculty and staff.

# Planned Giving

There are many ways you can support Shrewsbury Christian Academy both during your lifetime and through your estate plans. Some of these options are summarized below. It is a good idea, however, to consult an estate planning professional who can evaluate your circumstances and create or update a plan that is appropriate for you.

We at SCA would be happy to discuss your planned giving options with you. The following are some of the giving options (see below for more information):

Remembering SCA in Your Will Planning Through Beneficiary Designations Gifts that Pay Income (Split Interest Gifts) For more information, please contact Shrewsbury Christian Academy at 717-235-5763 or email us at Giving [at] scaonline.org Or contact:

       Wayne Holle, Financial Associate
       Thrivent Financial
       Office: 410-256-6411
       Cell: 717-586-6576

The estate planning process requires the knowledge of a team of professionals that includes attorneys, tax accountants and your Thrivent Financial associate. Neither Thrivent Financial for Lutherans nor its respective associates provide legal or tax advice. For complete details, consult with your attorney or tax advisor. Many people have chosen to express their commitment to the continuation of Christian education by remembering schools such as Shrewsbury Christian Academy in their wills.

# How can a bequest be left to SCA?

You may name SCA as the beneficiary of a percentage of your estate, of a set dollar amount, or of a particular asset. Your estate is entitled to an estate tax deduction for the full value of your bequest to SCA. Another possibility is to name SCA as a contingent beneficiary of assets that you have designated for a loved one, should that person no longer be living at the time of your death. Please note: If you wish to benefit SCA through your will, I would be happy to work with you, your accountant and your attorney to discuss the best way to realize your goal.

# How is SCA designated for a bequest?

A detailed designation is preferred: SCA is a nonprofit tax-exempt organization, having as its principal address: 701 Windy Hill Road, New Freedom, PA 17349. Many estate assets are not transferred through your will. These include assets in your living trust, your qualified retirement plans, the proceeds from your life insurance, and annuities. You may name SCA as a beneficiary of any of these assets or as a contingent beneficiary in the event that the loved one you named as primary beneficiary is no longer living.

# Your Living Trust

Some people establish living trusts to provide for the current management of assets or for the future management of assets, should they become incapacitated. SCA may be named as a beneficiary of your living trust.

# Qualified Plans

These include your IRA, Keogh Plan, or other qualified retirement plan. Naming SCA as a beneficiary of assets remaining in your qualified retirement plans after your lifetime may be wise tax planning. Estate taxes and income taxes are avoided if a nonprofit organization, such as SCA, is named as the beneficiary. SCA generally will receive 100% of your plan assets.

# Your Life Insurance Policy

Designating SCA as a life insurance beneficiary is a simple and often used way to both support SCA and to gain tax advantages. The donation of a policy during life can give income tax benefits to the donor during his lifetime.

# Individual Policies

You may irrevocably name SCA as owner of a long-standing life insurance policy; or you may retain ownership and merely name SCA as the beneficiary. If you transfer ownership to SCA, you will receive an immediate income tax deduction for the lesser of your cost basis or the current value of the policy. Policies with loans may create taxable income to the owner. If you are employed, you may be receiving group term life insurance as an employee benefit. If so, SCA can be named as a beneficiary of the entire policy or as the beneficiary only of the amount that exceeds $50,000. If you wish to benefit SCA via any of these strategies, I would be happy to work with you, your accountant and your attorney to discuss the best way to realize your goal.

# Charitable Remainder Trusts

These trusts allow you to make a gift to SCA that will enable you and/or others to enjoy enhanced income for your lifetime(s) or a specified term of years. You choose the percentage payout you wish to receive (not less than 5%; not more than 50%).When your trust terminates, SCA receives the remaining principal.

There are two general types of charitable remainder trusts:

  • Charitable remainder annuity trust. You receive a set dollar amount each year, equal to your chosen percentage of the trust's original fair-market value.
  • Charitable remainder unitrust. Each year, you receive a variable amount, equal to your chosen percentage of the changing yearly value of the trust. Over time, a unitrust may allow some hedge against inflation.

Many types of assets can be used to fund charitable remainder trusts. These include:

  • Cash
  • Appreciated securities, real estate or collectibles
  • Life insurance policies that you plan to sell (viaticate)
  • Municipal bonds

# What are the benefits to you?

Substantial tax advantages may be available through the use of charitable remainder trusts. A charitable remainder trust can sell appreciated assets that you donate, without incurring the capital gains tax or income tax that would ordinarily be due on a sale. In other words, the full proceeds from the sale can be reinvested for your benefit. If you were to sell the assets yourself, the tax that would be payable on the sale could substantially reduce the principal available for reinvestment.

Your gift also generally entitles you to an immediate income tax deduction. In the case of gifts of cash or of stock or real estate that you have owned for more than a year, your deduction is equal to a percentage of your gift's fair-market value.