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The
Mission and Goals of the Endowment Fund |
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Leaving
Your Legacy: Since 1960 Calvin
Christian School has served parents and
children of the North County community
in providing a quality, Christ- centered
education. With over 600 students in
school and hundreds of graduates, Calvin
Christian has and continues to equip
young people to assume leadership in
their communities, churches, and homes.
The Endowment Fund was formed to provide
financial stability for students in
future generations. |
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What is
the Purpose of the Endowment Fund? |
The purpose
of the Endowment Fund is to promote
Calvin Christian School by providing a
strong financial base for the school.
The Endowment Fund accepts and manages
gifts (in most cases tax deductible) of
property, securities, life insurance,
bequests, memorials, cash and other
forms of contributions for the benefit
of Calvin Christian School.
Gifts to the Endowment Fund are held in
trust in separate accounts with only a
portion of the earned income from the
principal investment used to aid the
school. The undistributed earnings are
reinvested into the fun, allowing it to
grow. In other words, its a gift that
keeps on giving every year. The
Endowment Fund takes a long-term view of
the financial needs and security of the
school. |
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Why should
I support the Endowment Fund? |
1. The
primary reason is to give thanks to our
Lord by returning a portion of that with
which he has blessed us. This is our
responsibility as Christian stewards.
2. By giving to the Calvin Christian
School Endowment Fund you are building a
strong Christian base for the future
leaders of our churches, community,
nation, and world.
3. Our state and federal tax laws
encourage charitable giving while
providing considerable financial
advantages to you and also to your
estate if made while you are alive.
4. Gifts are appropriate ways for a
Christian life to continue its
influence. |
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What are
the goals of the Endowment Fund? |
1. To
supplement the annual operation budget
of the school.
2. To keep tuition as affordable as
possible for all parents who sincerely
desire a Christian education for their
children.
3. To help show the Christian community
the wide variety of opportunities for
stewardship other than cash gifts.
4. To encourage using opportunities
where Christian stewardship can be
applied to furthering Gods kingdom. |
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How do I
give to the Endowment Fund? |
The
Endowment Fund will receive gifts (in
most cases tax deductible) in various
forms, such as:
Memorials: you can make a gift to the
Endowment Fund in memory of a loved one
which will be perpetually utilized for
the promotion of Christian Education at
Calvin Christian School.
Cash: giving a cash gift, you can assure the
Endowment Fund of immediate investment
income, a portion of which will be used
to provide ongoing income to Calvin
Christian School.
Life Estate Contract: donating real estate
(home or land), you retain full use of
the property until death.
Will Bequest: when preparing or revising your
will you can make provisions for the
Endowment Fund in several ways with
complete confidentiality.
Life Insurance: by naming the Calvin Christian
Endowment Fund as a beneficiary, you can
practice Christian stewardship with a
substantial gift at death by means of
small contributions during your
lifetime.
Life Income Agreements: you can enter into a
gift arrangement where you receive a
life income and a current income tax
deduction for a portion of the gift.
Child Named Charity: you can give an equal
share to charity in your will or living
trust to that received by each of your
children.
Taxable Estate Given to Charity: all amounts
which exceed the Estate Tax Exclusion
amount go to charity rather than being
taxed at a 41%-60% rate. |
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How large
is the Calvin Christian Endowment Fund? |
The Calvin Christian Endowment
Fund currently has stock, bonds, and
cash totaling just over $600,000.
The Endowment Fund is giving Calvin
Christian $30,000 toward the budget
for the 2005/2006 school year. The
balance of the earning is reinvested
in the Endowment Fund for continued
growth.
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