THE
ARCADIA FOUNDATION
The Arcadia Foundation was created in 1991 by the Lutheran Camp Association membership to solicit and receive funds for the long term support of the Camp's mission and ministry. These funds are invested to generate income for projects that are beyond the normal budget and will ensure the long term stability and growth of the Camp through program enhancement, capital purchase of equipment, renovations, and additions to the buildings. (Foundation funds are not to be used for recurring expenses like utilities, routine maintenance, or sporting equipment.) The balance of the fund accrues, creating a larger endowment for support of the Camp.
Planned Giving
The Lutheran Camp Association and its
foundation are tax exempt under section 501(c)3 of the Internal Revenue
Code. The Camp is an organization furthering Christian fellowship and
education through its religious educational activities.
Since Camp Arcadia and its foundation have this special tax status, your gifts are tax deductible charitable contributions. You can make a variety of contributions to further the Camp's purpose of providing opportunities for spiritual growth for its guests.
This summary of planned giving methods gives a brief overview of how you can support Camp Arcadia through the Arcadia Foundation.
Planned Giving is making a lasting gift that offers you and/or your estate favorable tax treatment. A planned gift helps you have a lasting legecy to promote Camp Arcadia's Christian ministry for future generations.
Gifts of Cash
An outright gift of cash is the simplest method. The amount is not subject to gift or estate taxes. You can deduct the amount from your yearly federal income taxes, if you itemize your deductions, generally up to 50% of your adjusted gross income. Get a Camp Arcadia Donation Form that you can fill out by clicking here.
Gifts of Stock or Real Estate
An outright gift of appreciated stock or real estate can provide generous support for Camp Arcadia through the Arcadia Foundation. Any type of security and almost any type of real property--a personal residence, farm, vacation home, commercial building, or undeveloped parcel of land--can constitute a gift. These gifts are 100% tax deductible in the year of the gift, up to 50% of the giver's adjusted gross income (30% for long-term capital gains property), with a five year carryover for excess deductions.
Gifts of
appreciated securities or property can be better than cash gifts because
they bypass recognition of the capital gains, yet permit the donor to
consider the full value in computing the deduction.
Will Bequests
One of the easy and frequently used methods is a bequest in your Will. Tax laws favor charitable bequests in Wills and, consequently, provide an excellent way to support Camp Arcadia.
Charitable Remainder Unitrust
A Charitable Remainder Unitrust is a legal agreement between you as hte giver and a corporate trustee. In exchange for your transfer of valuable assets to the rust, the trustee agrees to do the following:
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each year pay you an amount based on an agreement percentage of the assets value you transferred to the trust, and |
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upon your death, pay the remaining assets of the trust to the charities you designated. |
This arrangement gives additional advantages of
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avoiding capital gains tax on any 'built-in gain' you may have in the stock or other property you transfer to the trust; |
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reducing the eventual value of your estate tax purposes; and of course |
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the satisfaction of knowing that your favorite charities will ultimately benefit from your planned gift. |
You can establish a charitable remainder unitrust with Camp
Arcadia or the Arcadia Foundation as a beneficiary.
For planned giving to meet your goals and needs, you should consult with your financial advisor or estate planner about how it may fit into your personal situation. The information provided above is intended to be an overview of planned giving. Contact an Arcadia Foundation member through Camp Arcadia.
