WHAT IS THE LITTLE ROCK CHRISTIAN ACADEMY FOUNDATION?
The Foundation is a registered 501(c)(3) nonprofit organization formed to provide a perpetual source of revenue that supports Little Rock Christian Academy. The sole purpose of the foundation is to promote, secure, invest and properly manage gifts of bequests, cash, life insurance, property and securities; which will provide annual investment interest or earnings from endowment funds for the benefit of Little Rock Christian Academy.
WHAT ARE THE ADVANTAGES OF GIVING TO THE LRCA FOUNDATION?
Charitable gifts to the LRCA Foundation are generally tax-deductible. Certain gifts such as charitable remainder trusts, which designate the Foundation as the lifetime recipient of income or as the beneficiary of the trust, may provide considerable tax incentives for the donor. Charitable gifts may include cash, stocks, real estate and personal property.
HOW CAN I ESTABLISH A NAMED ENDOWMENT?
To establish a named endowment a donor shall give a minimum of $100,000 as a one-time gift or within a period no more than two calendar years. Each named endowment must be approved by the Foundation Board and a certified gift agreement will be produced for both donor and Foundation records. All named endowments also receive an annual performance update for purposes of stewardship and accountability.
For more information about endowment giving, please contact Bekah Johnson in the Advancement office. We also encourage you to discuss this exciting giving opportunity with your financial planner or tax advisor.