Ways to Give
Give Your Time
Each of the individual school PIE commitees welcome and invite your help and participation! To learn about their specific activities and fundraisers, visit their individual pages:
- Early Childhood Family Education (ECFE) and Wee Tigers Preschool PIE
- Delano Elementary School PIE
- Delano Middle School PIE
- Delano High School PIE
Give to the Max Day
From midnight November 16 until midnight November 17, 2011, is a time for Minnesotans to come together to raise as much money as possible for non-profit organizations. And we ask that on this day you give to
Delano Partners in Education (DPIE) to support charitable and educational activities,causes and projects for Delano Public Schools.
Click on http://blog.givemn.org/give_mn_blog/2011/08/23/295/give_to_the_max_day_-_november_16_2011 to learn more about Give to the Max Day and how to donate.
Give Your Treasure
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1. You can make a cash donation by check or online. Suggested sponsorship levels:
Please make your check payable to the |
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2. Give appreciated stock or other securities. Gifts of appreciated stock may
allow you to save on two types of tax. First, you save by receiving a
charitable deduction for the fair market value of the security. Second, you
save by eliminating payment of capital gains tax on the security’s
increased value.
3. Life Insurance
By gifting a whole or universal life insurance policy, you
can receive a deduction for your charitable contribution and you can
eliminate assets in your taxable estate.
4. Real Estate
Like with stocks, by contributing appreciated real estate you
may be able to save on taxes twice. You can receive a deduction for the
current property value, and you can eliminate the payment of capital gains
tax on the property's increased value.
Give Later – Planned Giving
Planned giving gives you the opportunity to make a gift that might not otherwise
meet your current financial situation. Planned gifts can reduce current income
taxes through a charitable deduction, increase retirement income through a
retained income stream, and address your financial needs while providing
assistance to the foundation.
1. IRA and Pension Assets. These assets make up a large part of most
estates and generate income tax for recipients. Making charitable gifts
from retirement assets can save on both estate and income taxes to your
heirs.
2. Bequests and Designations. In addition to providing for family and friends,
bequests and designations can be used to provide support for the college
posthumously.
A charitable bequest is really nothing more than naming the college in
your will. A charitable designation is much the same, but applies to trusts,
life insurance policies, and any other assets that have a beneficiary
designation. You can name the college in all of these areas just as you
would name your spouse or your children. Wills and trusts generally
require special language to be included to make a bequest or designation
to the college. Life insurance policies and other assets often do not require
special language.
Bequests and designations provide you with the satisfaction of knowing
that you are providing for the future success of the college while allowing
you the current control of your assets necessary to meet your needs.
Since you retain all assets until your death, there is no current deduction
from your income taxes. However, your gift qualifies for a full estate tax
charitable deduction and reduces the size of your taxable estate.
Your bequest or designation can be of any size and funded with a specific
dollar amount or a percentage of your estate. The greatest tax benefit
from bequests and designations comes from utilizing assets that produce
taxable income to the estate or beneficiary.
Income that was never taxed during the donor’s lifetime is taxed at death
to the estate or to the beneficiary over their lifetime. If a retirement plan is
left in the taxable estate, there is also an estate tax due on these assets.
Making charitable bequests or designations with your retirement plan
assets or transferring them in combination with a charitable remainder
rollover trust can have substantial tax savings.
If you have made a bequest or designation to the college in your estate
plans, please let us know and we can recognize you as a member of the
Heritage Society—a recognition program for alumni and friends who have
included a gift in their estate plans.
3. Charitable Trusts.
Charitable Remainder Trusts. When you create a charitable remainder
trust, you irrevocably transfer money, securities or other assets to a trust
that will then pay you an income for life or for a period of years. If you
wish, the trust also can pay an income to another beneficiary of your
choice. At the death of the surviving beneficiary, the remaining principal in
the trust goes to the DPIE Foundation.
You can design your trust to fit your own special needs. First, you decide
how much you'd like to put into the trust. Second, you determine the
income you'd like to receive from the donated assets. While the rate of
income return you select must be at least 5 percent, usually, the rate
selected is between 5 to 7 percent. The best rate for you will depend
upon the number of beneficiaries you select and their ages. Third, you
decide which type of charitable remainder trust will work best for you –
annuity trust or unitrust.
Charitable Lead Trusts. Represent one of the most cost effective ways of
passing assets to your children or grandchildren. The income interest
from the trust is paid first to charity, and after a number of years based
upon a term or a lifetime, the remainder is returned either to the grantor or
to someone other than the grantor, such as the grantor’s heirs or other
beneficiaries.
Charitable lead trusts, like charitable remainder trusts, can be either
annuity trusts or unitrusts, however, there is a taxation distinction with
charitable lead trusts that is not found in charitable remainder trusts.
Charitable lead trusts can be either a grantor trust or a non-grantor trust.