Other CMDS Giving Opportunities
Planned Giving
Tax laws intentionally encourage charitable giving which can many times reduce income tax, estate tax and capital gains tax. Using appreciated securities or real property to make a charitable gift creates some very favorable tax advantages. If the asset has been held longer than twelve months, the donor can deduct the full fair market value on the date of the gift and avoid the capital gains tax. A gift of a highly appreciated asset is an excellent way to fulfill a pledge or make a more substantial gift than what might have ordinarily been possible.
After checking with your attorney or other professional advisor, you might consider the following types of gifts:
Charitable Remainder Trusts
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Charitable Remainder Annuity Trust – provides the donor an annual percentage payment based on the fair market value of an asset for the donor’s lifetime, while the school receives a substantial gift.
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Charitable Remainder Unitrust – similar plan, but the payments to the donor fluctuate based on the fair market value of the asset each year.
Long-term appreciated securities (stocks, bonds, mutual funds)
Life insurance policy that is no longer needed
Real property
Personal property (artwork, jewelry, collectibles)
Bequests in a Will or Trust
Fund – A – Program
CMDS invites artists, authors, speakers and musicians each year to enhance curriculum and provide unique experiences and learning opportunities for our students. If you have interests in one of these areas and would like to fund a particular program to ensure its future, please call 901-202-6060 or email development@cmdsmemphis.org
Memorial Scholarship Funds
To contribute to one of the following scholarship funds, please send your donation to Jeanie Gundlach, Director of Development, Christ Methodist Day School, 411 Grove Park, Memphis, TN 38117. Please include any honorariums or memorials on a separate note. Feel free to contact Jeanie at development@cmdsmemphis.org or call her at 901-202-6060.
(For information about financial assistance, please contact Steve Jackson, Headmaster, at 683-6873, for a confidential conversation.)
Nancy Kelley Memorial Scholarship – given in memory of Nancy Kelley, a 1982 graduate of CMDS
Howard Morrison Spirit Scholarship – given in memory of Howard Morrison, a 1983 graduate of CMDS
Cy Robinson Memorial Scholarship – given in memory of Cy Robinson, a 1990 graduate of CMDS
Dorris L. Smith Memorial Scholarship – given in memory of Dorris L. Smith, a Bible teacher at CMDS for 19 years
Billy R. Pruett Memorial Scholarship – given in memory of Billy R. Pruett, husband of retired teacher, Betty Pruett
Sponsored Scholarship Reserve Fund – This scholarship will fund tuition for a student through graduation of 6th grade. It should be a multi-year year commitment. The purpose of this program is to create a more diverse learning community by providing high quality, Christian academic preparation to students whose ethnic and/or socioeconomic backgrounds are different from students traditionally enrolled at CMDS. |
