Planned Giving and Endowments
The Metro Christian Academy Foundation

Established in 2005, The Metro Christian Academy Foundation was created to manage the growth and development of legacy gifts supporting Metro Christian Academy. Gifts to MCAs endowments are invested and the earnings are used for the benefit of the school to enhance programs, maintain facilities, and provide financial aid and scholarships. Opportunities through the Foundation enrich the lives of Metro students academically, physically, socially, and spiritually.

The endowment income will ensure the continuation of educational opportunities provided today and will also allow Metro to further enhance its programs in the future.
 
View Endowment Policies

General Endowment
For the purpose of general financial support of Metro Christian Academy as requested by the MCA Board of Directors in fulfilling Metro’s mission.

Tuition Assistance Scholarship Endowment
For the purpose of providing tuition assistance scholarships to students (K-12) who otherwise would not be able to attend Metro Christian Academy.

Building/Grounds Maintenance Endowment
For the purpose of providing funds for the upkeep and maintenance of the Metro facilities and campus.

Staff/Program Development Endowment
For the purpose of enhancing faculty skills through seminars, conferences, training programs, and workshops, as well as augmenting program development (K-12) through special speakers, software, or curriculum.

Diagnostic Instruction Center Endowments
The Shane Woodward Memorial and the Mark Eldridge Memorial
For the purpose of providing tuition assistance scholarships for students in the DIC and for DIC program needs.

The Wanda Hartman – DIC Endowment
For the purpose of reducing tuition costs for DIC services to secondary students enrolled in DIC courses regardless of financial need.

Planned Giving

Recent changes to the tax code provide a unique opportunity to contribute to non-profit 501 (c)(3) organizations such as The Metro Christian Academy Foundation. The following chart provides financial vehicles with which donations can be made to the Foundation. A financial advisor can offer guidance in referring a tool that is appropriate for each individual situation.

Planning Tool

What Is It?

Your Benefit

Will

 A legal document outlining how you want your assets distributed when you die. Selects guardians for you children
Directs assets to beneficiaries

Revocable Living Trust

 A trust that holds property for your benefit and then avoids probate at your death. Avoids guardianship for disability · Avoids probate · Directs assets to beneficiaries · Provides estate tax savings · Provides for disabled children · Controls timing and amount of distribution to beneficiaries

Charitable Gift Annuity

 A contract in which a charity pays you income payments based upon your age and the amount of your gift. Increases current income · Creates income tax deduction · Saves capital gains tax

Charitable Remainder Trust

 A trust that pays you income before the charity receives the remainder. Increases current income · Creates income tax deduction · Avoids capital gains tax · Eliminates income tax on retirement plans at death

Charitable Lead Trust

A trust that pays a charity an income before you or your heirs receives the remainder. Creates income tax deduction · Eliminates federal estate tax

Life Estate

 A gift of real estate that allows you to keep the rights of ownership; the property is distributed to the charity at your death. Creates income tax deduction · Retains your right to live in the property during your life

Outright Gifts of Assets

 Any gift given to charity such as cash, stocks, bonds, real estate, art, antiques, or life insurance. Creates income tax deduction · Eliminates capital gains tax · Eliminates estate tax · Tailors gift to charity’s current needs

Benefactor Designations

  • IRA
  • 401K
  • Retirement Plans
  • Annuities
  • Life Insurance
 A designation directs the distribution of a specific asset at your death and is outside of your existing estate planning document for a particular asset. No changes are needed in your existing estate planning document(s) · Eliminates income tax and increases gifts to family and charity