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Planned Giving

Plan your gift and leave a lasting mark for generations to come.

Planned gifts come in all sizes, from a few hundred to several million dollars, and can support the Academy while also benefiting donors and their families. Every gift represents a conviction by the donor that what the Academy does matters – now and in the future.

A variety of methods are available to support New Life Academy. In addition to the benefits the school receives from your gift, your generosity may also generate income tax savings for you. The New Life Academy Educational Foundation is a charitable organization described in 501(c) (3) of the Internal Revenue Code, and contributions to the school are deductible for federal income tax purposes. Please consult with your tax advisor for further information about the tax benefits of planned charitable giving.

A bequest is the most traditional way to provide significant help for worthwhile causes. With a gift through your will or living trust, you keep full use of your gift assets during your life.

A general bequest provides that a specific amount of money, a percentage of your estate or a certain piece of property, be given to charity at the time of your death.

For most people, a gift of a percentage of the remaining estate after taxes and debts have been satisfied is the most appropriate use of a general bequest. Below is some bequest language you can share with your adviser.

“I give, devise, and bequeath 10% of my Estate, after taxes and debts have been satisfied, to New Life Academy Educational Foundation, Inc., a Minnesota nonprofit corporation, located in Woodbury, Minnesota.”

If you are in the process of completing or updating your estate documents and would like information on how to make a bequest to New Life Academy, please contact Craig Schmalz at (651) 757-4343 or  today.

Most accounts at financial institutions can be made payable on death to a person or a charitable organization. Ask the manager of the institution how you can arrange to designate a death beneficiary for your CD, savings account, share accounts, etc. In some areas, this is accomplished through a “P.O.D.” (payable on death) designation. Securities in a brokerage account can be left through a “T.O.D.” (transfer on death) designation.

For information on how to making a gift, please contact Craig Schmalz at (651) 757-4343 or  today.

Your estate can save both income taxes and estate taxes if you make a charitable organization beneficiary of part or all of your IRA or other retirement account. Family members might keep only 30 cents on the dollar, after taxes, from these assets. Changes in IRS regulations have made it simpler and more favorable to name worthwhile causes as beneficiaries of IRAs and other retirement accounts.

For information on how to making a gift, please contact Craig Schmalz at (651) 757-4343 or  today.

Your need for life insurance changes as time passes, making way for a new opportunity for its use. If you no longer need the coverage to protect your loved ones, consider changing your policy’s beneficiary to support the work of New Life Academy.

You can name New Life Academy as the beneficiary of a life insurance policy (or a percentage of the proceeds) – just contact the company for appropriate forms. A better idea may be to transfer actual ownership of the policy to us (assuming it is a “surplus” policy that is no longer needed for family security). Your gift will entitle you to an income tax deduction, and any future premium payments may be tax deductible.

For information on how to making a gift, please contact Craig Schmalz at (651) 757-4343 or  today.

Friends who own personal residences, including condos and vacation homes, can make gifts of their property but continue to use the property for the rest of their lives. The same opportunities works with farms and ranches. The advantage of a lifetime gift, reserving lifetime use, is that you receive an income tax charitable deduction, in addition to estate tax savings.

For information on how to making a gift, please contact Craig Schmalz at (651) 757-4343 or  today.

Estate Planning provides an opportunity for donors to support the Academy through deferred gifts such as trusts, charitable gift annuities, insurance policies, and bequests.

For information on how to making a gift, please contact Craig Schmalz at (651) 757-4343 or  today.

GIVING RESOURCES

DEVELOPMENT CONTACTS

If you need information about giving, or simply want to learn more about our mission, contact:

Craig Schmalz
Advancement Director
(651) 757-4343

To volunteer for a special event committee or donate prizes or auction items, please contact:

Michelle Rogers
Director of Annual Giving
(651) 757-4314

Give the lasting gift of a New Life Academy education.

Your gift makes a difference in the lives of students every day. Because of you we are able to enhance our current programs, access additional educational resources and extend a Christian education to families who otherwise may not be able to afford it. Thank you!