Planned Giving

Planned Giving allows you to make a gift that can impact TKA students for years to come.

Planned gifts, unlike cash donations, are typically made from assets in your estate. These gifts leave a lasting legacy, benefitting TKA for years to come. Planning for a gift from your estate will often require help from an estate planning professional and/or a financial planner.

At TKA, we created The Knights Endowment Fund as a way for supporters to make donations that will have a lasting impact. The Knights Endowment Fund is a restricted capital fund that provides a permanent source of income for TKA. Every dollar contributed to the endowment is professionally managed, with the interest generated going directly to fund tuition assistance. Giving to the endowment means that your gift will support the school and its students in perpetuity – not just this year or next year, but every year into the future.

There are many ways you can make a tax-deductible gift:

Write a check. Checks should be payable to The King's Academy and indicate on the memo line Knights Endowment Fund.
Use a donor advised fund. When making a grant via a donor advised fund, please be sure to choose The King's Academy in Sunnyvale. (There are a number of schools in the country named "The King's Academy.") If needed, our Federal Tax ID Number is (EIN) 77-0287771.
Make a stock gift (please click here for instructions.)
Request corporate matching: Your gift could double with corporate matching. To find out now if your employer will match your donation, kindly check with your HR department.

If you have questions about The Knights Endowment Fund, please email or contact Kooper Frame, Director of Marketing & Communications. We have also included some information below about different types of planned giving.

Endowment

Challenge Met!

$100,000 Matching Gift Challenge for Knights Endowment Fund

March 16, 2022

Dear TKA Families,

The Knights Endowment Fund was established in 2020 to support TKA students through financial aid. Recently, a TKA alumni family, who wishes to remain anonymous, has generously offered to match the next $100,000 in The Knights Endowment Fund donations!

The donor's hope is that all of the families who have not yet donated this year will be motivated to give now. To quote the donor, "We're looking forward to having more people involved in supporting the students through the endowment fund."

The Knights Endowment Fund is a restricted capital fund that provides a permanent source of income for TKA. Every dollar contributed to the endowment is professionally managed, with the annual interest generated going directly to fund tuition assistance. Giving to the endowment means that your gift will support the school and its students in perpetuity – not just this year or next year, but every year into the future.

We are extremely grateful to the families, staff, and Board Members who have already contributed to TKA this 2021-2022 school year. If you have not donated this year or wish to make another, please consider donating to the Knights Endowment Fund, which will be doubled with the matching gift challenge!

We are grateful for the support of our community to help ensure the legacy and ongoing vitality of The King's Academy

Regards,

Scott Meadows
Head of School

The King’s Academy Tuition Assistance Endowment Fund

The TKA Tuition Assistance Endowment Fund was established in 2020 to support TKA students through financial aid. An endowment fund is the restricted capital that provides a permanent source of income for TKA. Every dollar contributed to the endowment is professionally managed, with the annual interest generated directly funding tuition assistance. Giving to the endowment means that your gift will support the school and its students in perpetuity – not just this year, but every year into the future.

TKA founders wanted the school to be available to all interested and qualified students regardless of socioeconomic status. Currently, TKA offers nearly $1.0 million in financial aid to 200 students. Endowments provide much-needed funding for families who might not otherwise be able to afford a TKA college-preparatory Christian education. We continue our fundraising efforts towards “endowing our future” as we work to successfully achieve the $25 million goal of the Tuition Assistance Endowment Fund.

Question about establishing your named general endowment or contributing to the general endowment at any giving level, please contact Kooper Frame, Director of Marketing & Communications

Bequests

You can name TKA as the direct beneficiary of specific assets, or a portion of your estate, or of your residual estate after payment of other bequests. Bequests to the school are entirely free from federal estate tax and can, therefore, offer substantial estate tax savings. There is no limit on the amount you can leave to TKA through your will.

If you wish to include TKA in your will or living trust, please use the following language after stating the nature of the gift:

TKA, a non-profit corporation organized and existing under the laws of the State of California, with a current address of 562 Britton Ave. Sunnyvale, CA 94085-3841, and a federal tax identification number of 77-0287771.

There is no limit on the amount you can leave to TKA through a retirement plan beneficiary designation

Charitable Gift Annuities

Charitable Trusts

Charitable Remainder Trust (CRT)
With the typical charitable remainder trust, long-term appreciated securities are donated to a trust for the ultimate benefit of the school.

Charitable Lead Trust (CLT)
With the typical charitable lead trust, donors transfer assets into the trust for the life or lives of individuals or for a term of years with the TKA named as the income beneficiary.

Life Insurance

Real Estate Gifts

Donations of real estate may be done through a bequest in a will or living trust. There is also a gift of remainder interest in a personal residence (Life Estate Remainder). With this gift, the donor irrevocably transfers ownership of a personal residence to charity, retaining the right to live in or otherwise use property during the donor's lifetime. This gift creates an income tax deduction for the present value of the calculated remainder gift to charity. Deduction can be carried forward to future years if necessary. This type of gift allows the donor to take the personal residence out of their taxable estate while still residing in it.

Retirement Plan Beneficiary

You can name TKA as a partial or total beneficiary of your Retirement Plan. You can name TKA as a partial or total beneficiary of your Individual Retirement Account (IRA), pension plan, employer retirement plan. This type of gift to TKA is distributed outside of probate and is entirely free of both federal estate tax and income tax. There is no limit on the amount you can leave to TKA through a retirement plan beneficiary designation.

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