Ways you can give
“We make a living by what we get; we make a life by what
we give.” ~ Winston Churchill
To make a gift or a pledge, please mail your gift. Please mail it to:
Ballard Elementary School
2425 School Street
Solvang, CA 93463
All gifts, in all forms, are important to us.
Cash
Current gifts are always appreciated and are tax-deductible to the full extent
of the law.
Matching Gifts
Many corporations have chosen this method of supporting education at the
primary and secondary levels. Companies will often match or multiply gifts
made by employees and sometimes spouses and retirees as well.
Memorial and Honor Gifts
Ballard gratefully recognizes gifts made in memory or honor of a friend,
family or faculty member, or to acknowledge a birthday, graduation,
anniversary, or other significant event.
Securities
If you hold securities which would incur a tax on capital gains if sold, your
outright gift to the school could mean significant savings. You obtain a tax
deduction for the full market value of the gift and you may avoid a tax on the
increase in value. Securities are also excellent for establishing a planned
deferred gift to the School and can provide even greater benefits when given
for this purpose.
Planned Giving Opportunities
There are a variety of ways to make a planned gift that does not deplete
lifetime assets and, in some cases, furnishes additional income and
significant tax deductions. Listed below are options you may wish to consider
when making a gift to Ballard School.
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Bequests: A gift provided for in your will may be a
percentage of your estate, the residual of the estate, a certain item or a
specific dollar amount. Estate taxes may be reduced by a bequest.
-
Charitable Remainder Trust: You may establish a remainder
trust which provides either a fixed or variable income for you and your
family. Part of the trust qualifies for an income tax deduction and at the
death of the last beneficiary the assets of the trust are distributed to
Ballard School.
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Charitable Lead Trust: This trust allows you to pass on
assets to family members with significant estate and gift tax savings while
allowing the School to benefit from the income for the duration of the trust.
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Gifts of Real Estate: A gift of real estate provides
considerable tax benefits. You also have the option of retaining the right to
occupy the property for life or even receive income it generates.
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Gifts of Life Insurance and Pension Benefits: A gift of life
insurance allows you to contribute a previously acquired policy, that may no
longer be needed for its initial purpose, and realize tax benefits. Ballard
School may also be named as a beneficiary of a life insurance policy, company
pension or profit-sharing plan, or of a private fund such as an IRA, Keogh or
tax-sheltered annuity.
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