OTHER WAYS TO GIVE
The quickest and easiest way to support the Rim Education Foundation is to use our online donations form. However there are also many other ways to give. The following planned giving options, provide the opportunity for everyone, no matter how small or large, to realize tax saving through a 501(c)3; while at the same time securing the future of our Chandler students and community.
Education Ambassadors: Please click on the Education Ambassadors page on the menu bar for more information.
Gifts of Cash:
Please make checks payable to the Rim Education Foundation.
You may be able to double your gift to the Foundation. Check with your employer for a matching gifts program.
By making a charitable gift of appreciated stock, you can avoid or delay the capital gain tax that is due when an appreciated stock is sold. You can also take an immediate income tax deduction for the current fair market value of the stock, no matter what you paid for it. Such gifts are deductible up to 30 percent of your adjusted gross income in the year of the gift. Any unused amounts may be used in as many as five subsequent tax years. (Check with your Financial Advisor for specific details)
Bequest Through Will:
You can make a gift bequest to the Foundation by providing a dollar amount, specify property, percentage of your estate, or the remainder. Such a designation can reduce your taxes. (Consult your Financial Advisor)
Charitable Remainder Trust:
Donors and spouses can benefit from lifelong payments from such a trust. The donor selects the rate of return from these income arrangements and also chooses a fixed or fluctuating annual payment to be made to the designated parties as long as they live. Capital gains can be completely bypassed and you will receive a tax deduction based on the age of the income recipient and the rate of return chosen. (Consult your Financial Advisor)
Charitable Lead Trust:
Assets (generally cash or securities) are transferred to a trust that pays income from the fund to this organization for the number of years you select. This trust helps to lower estate and gift taxes that would otherwise be due on the assets. (Consult your Financial Advisor)
In exchange for a gift of cash, stock or securities, the Rim Education Foundation will pay you, you and your survivor or another person named by you, a guaranteed income for life. In addition, you receive a substantial income tax deduction in the year of the gift and part of the annual payment is non-taxable. (Consult your Financial Advisor)
Deferred Gift Annuity:
This is similar to a gift annuity except that payments begin for you at a future date of choice, such as your retirement. Your tax deductions and the annual rate of return on your annuity increase the longer you wait to start payments. (Consult your Financial Advisor)
By naming the Foundation the owner and beneficiary to receive the proceeds of an existing life insurance policy, you will receive a tax deduction for approximately the cash surrender value, thereby reducing your tax liability in the year of the gift. (Consult your Financial Advisor)
Retirement Accounts and Pension Plans:
Account funds (IRA or company plans), beyond the comfort of yourself or loved one, may be given (like life insurance proceeds) to the Foundation by proper beneficiary designation. (Consult your Financial Advisor)
A gift of real estate to the Foundation provides a substantial income tax deduction. You may continue to live on and maintain the property as usual, and receive any income the property generates. You will receive a tax deduction for the full fair market value, avoid all capital gains tax and remove the asset from future estate taxes. Upon your death, the property will be sold and the proceeds used to support the Foundation. (Consult your Financial Advisor)
Each year, through the generosity of our community and contributors, the Rim Education Foundation awards scholarships to selected students from the Chandler Unified School District. This year alone, we are anticipating more than 1,400 graduates.
Scholarships can be established in honor/memory of a family member, a friend, student, teacher, mentor, community member or any organization. Through your support, you will give the gift of honoring someone and at the same time supporting Chandler’s youth in their educational endeavors. These scholarships are funded by annual contributions. If you would like to establish a scholarship through the Foundation, three types are available: Annual Gift, Heritage, and Legacy.
The Annual Gift scholarship is awarded in an amount specified by the donor and is awarded annually in that amount as long as funds are available. If you already have an Annual Gift Scholarship established, you may want to consider enhancing your scholarship for 10 years (Heritage) or insuring it is perpetuity (Legacy).
The Heritage scholarship is intended to last for ten years or longer. Such an account contains an initial capital amount of at least ten times the specified annual award.
The Legacy scholarship is intended to last indefinitely. Please contact our office to discuss funding options.
Representatives of the Rim Education Foundation will be happy to meet with potential sponsors to discuss conditions of scholarships. The primary focus of the Foundation is to fulfill the wishes of the sponsor.
Jo Bonita Rains
PO Box 2526
562 Pioneer Rd
Lake Arrowhead, CA 92352