Thank you for your desire to give. From personal property to IRA rollovers, we welcome many unique ways of contribution to our programs, facilities and community at Kanuga. We want to make your heartfelt gift-giving easy by providing all the information you need.
The IRS allows donors to deduct the market value of appreciated stock transferred as a gift with no recognition of capital gains.
If you decide to use appreciated stock to make a gift to Kanuga, be sure to have your broker transfer the stock to our brokerage account.
Raymond James DTC #0725
FAO Kanuga Stock Gifting Account #29749700
Kanuga Conferences Inc. Tax ID #56-0599223
Contact: Paul Elam at Raymond James, 919-784-8321
We kindly ask that you alert us in advance about the stock and number of shares donated. Notify us by emailing fcolella@kanuga.org or calling her at 828-233-2734. Please provide your name and address so that we may acknowledge your gift with a receipt.
Donors of residential or commercial real estate are responsible for securing an appraisal to substantiate the fair market value of the property for tax deduction purposes.
Kanuga’s Gifts Acceptance Committee determines whether Kanuga can accept proposed gifts of real estate.
Gifts of real estate may be transferred to Kanuga outright, as a life estate in which the donor retains the right to live on the property for life or through a trust agreement wherein the donor transfers the real estate to Kanuga in return for a lifetime income from Kanuga.
To make a legacy gift, you may create a one-life or a two-life gift annuity. Gift annuities may be funded with cash or appreciated stock. The fixed lifetime rate of return determines the amount of an annuity, which is paid quarterly. This rate of return appreciates over time.
Donors receive a portion of their annuity payment tax-free in addition to the tax deduction for the year in which they set up the gift annuity.
Note that in assigning fixed lifetime rates of return, Kanuga is guided by the regularly-updated recommendations of the American Council on Gift Annuities.
The minimum gift for creating a charitable gift annuity with Kanuga is $5,000.
While we are pleased to receive most gifts of this kind, the vice president of advancement must determine whether Kanuga can accept the offer. Kanuga reserves the right to keep and use the donated property or to sell the asset.
We greatly appreciate gifts of serviceable vehicles and equipment, including trucks, vans, tractors, lawnmowers, golf carts, canoes, kayaks, rowboats, paddleboards, sleighs and bicycles. Delivery arrangements are made on an ad hoc basis.
Charitable strategies allow donors to reduce or eliminate taxes on retirement accounts.
Two strategies are:
Donors 70.5 or older may initiate a traditional IRA charitable rollover of up to $100,000 per year with Kanuga. The amount is excluded from your gross taxable income and counts toward your required minimum distribution (RMD).
If you have a paid-up life insurance policy that family obligations no longer require, please consider using this policy to fund a significant gift to Kanuga. We cannot accept policies against which donors have borrowed.
Others, particularly younger individuals or couples, may be interested in maximizing a legacy gift to Kanuga by taking out a new life insurance policy, transferring ownership of the policy to Kanuga and then making yearly tax-deductible gifts to Kanuga to enable us to pay the annual premiums.
Guests have the opportunity to leave Kanuga a little better than they find it.
Whether you have only a few hours or plan to take part in a volunteer weekend, seasonal service projects are available for all ages, interests and abilities.
Past service projects include creating decorations for the Chapel of the Transfiguration, building an outdoor amphitheater at the Bob Campbell Youth Campus, beautifying flower beds and assisting with the daily programming of summer events.
To volunteer in any capacity or to organize a service project during your visit to Kanuga, contact Trish Lewis, volunteer coordinator, at trish.lewis@kanuga.org.
If you have any questions about giving to Kanuga, please contact Gary Giniat, Executive Vice President for Advancement, at (828)233-2816 or gary.giniat@kanuga.org.