Ways to Give
Hawaii Baptist Academy (HBA) Annual Giving Campaign raises money for capital improvements, the general fund, student financial aid, and several special endowed funds. The monies make it possible for HBA to:
- Make needed capital improvements to the three campuses in order to enhance the quality of learning as well as sustain the growth of our students’ educational experience.
- Provide financial assistance to families with demonstrated financial need.
- Recognize outstanding academic achievement and community service.
- Augment student programs and assist faculty professional development.
The campaign is launched in the Fall each year. Letters go out to current and former parents, alumni, mainland and local friends, employees, and Board of Directors soliciting their support. The letter contains a “giving envelope and form” in which a donation can be enclosed and/or pledge made.
A gift to Annual Giving can be made with a single payment or a pledge divided into several payments. If an individual wishes to make a multi-payment pledge a schedule of payment reminders can be set up.
Every gift counts; regardless of the size of the gift, participation in Annual Giving is critical. Every gift made has an impact, and by contributing to the Annual Giving, it helps HBA to meet its goals. Gifts of all sizes also attract additional donations from foundations, which are particularly interested in the percentage of parents giving regardless of the gift amount.
Many employers will match the contributions of their employees to nonprofit entities. As a 501 (c) (3) entity HBA is eligible to receive matching grants.
Finally, gifts to Annual Giving are tax-deductible to the extent allowable by law. Donors will receive a printed receipt for their gift.
A planned gift is a gift that comes from sources other than a person’s current expendable income and is based on total assets. It is generally part of a total estate plan and may take effect during the donor’s life or after death.
The planned giving information listed here highlights basic elements. Because every person’s financial and charitable objectives differ, a plan should be customized to meet one’s specific needs. Each person should explore their planned giving options by working with a qualified attorney, certified financial planner, or other professional financial planner.
This is the simplest kind of planned gift for a donor to make. In his or her will, an individual can choose to leave to a specific recipient a certain sum of money, specific property, or a specified part or percentage of his or her estate remaining after wishes regarding gifts to family and others have been satisfied.
Should you decide to name HBA in your will, you can state a specified dollar amount, asset, percentage of your estate, or all or a portion of what remains after other commitments have been satisfied. A gift by will can often be arranged by simply adding an amendment to your existing will. An attorney can assist.
Due to tax considerations, donors can often give more at no cost to themselves, by giving securities (stocks, bonds, etc.). Mutual fund shares can also be given with the same beneficial effect.
Bank Account or Certificate of Deposit (CD)
When you open a bank account or set up a CD, you can name HBA as a beneficiary. Your banking institution can provide a beneficiary designation form.
You may name HBA as the direct beneficiary of all or part of your life insurance policy, or as a co-beneficiary or contingent beneficiary. You may also donate your paid-up life insurance policy to the school, or name the school as a beneficiary of an annuity.
You may make a gift of real estate. The property is assessed at its full market value at the time it is given to the charity, and tax deductions are calculated based on property and interest value formulas.
You may designate HBA as the final beneficiary of a company pension or profit-sharing plan of a private fund (for example, an IRA or Keough), saving your estate both income and estate taxes.
Life Income Funds
It may be possible to plan a substantial gift to take effect later while receiving periodic payments of income from the assets that will eventually come to the school. Charitable remainder trusts and pooled income funds are examples of these planned gifts.
These types of gifts can be made during your lifetime or planned for in your will. Due to the complexity of these giving mechanisms, the school recommends consulting an attorney or qualified estate planner to determine the approach that best meets your needs and intent.
How to Make a Planned Gift
Remember, legal documents should be prepared by an attorney. Please use our legal name, Hawaii Baptist Academy, when planning a gift to us. A request for information is not considered an obligation to HBA. All communication will be held in strict confidence.