SHARING HOUSE
Oakdale Street & Duckworth Avenue - P.O. Box 958, Brevard, NC 28712 - (828) 884-2866
| Community Advocacy | Financial Contribution | In-Kind Donation | Planned Giving | Volunteer Opportunity |
Sharing House Planned Giving
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Personal Testimony
"We found it to be a tremendously rewarding experience to be financially involved with the various opportunities offered by the TCM - Sharing House Charitable Giving Program." Anonymous.
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Charitable Giving
Many generous donors in our local community want to support compelling charitable causes which eventually benefit us all. Transylvania Christian Ministry, Inc. can help you plan for effective giving during your lifetime and for a charitable legacy for your family and community. A planned gift can be as simple as a monthly cash gift, or the transferal of a tax return check, or a simple bequest . We are familiar with most planned giving tools and techniques that can:
Provide current income and a significant charitable gift later
Improve Christian stewardship for managing financial assets
Reduce income taxes, capital gain taxes and/or estate taxes
Establish a generous philanthropic fund for future generations
Your family attorney or financial planner can also provide important information about how philanthropic planning fits your personal circumstances. We are happy to work with your professional advisors to devise a plan that will achieve your own charitable objectives in the most efficient and tax-advantaged manner.
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For further information about the various types of Charitable Giving, please don't hesitate to contact us:
Linda McCready (Executive Director) TCM - Sharing House
Phone: (828) 884-2866, Fax: (828) 884-2573, or Website: www.sharinghouse.org
or

CFWNC Website

The Community Foundation of Western North Carolina, Inc.
Phone: (828) 254-4960, Fax: (828) 251-2258, or Website: www.cfwnc.org
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Bequest Fund
A Bequest in your will is one of the simplest ways to make a charitable gift to the ministry of TCM - Sharing House. Through a Bequest, you may make a contribution to an existing fund or establish a new named fund. Either of these great options will ensure that your charitable wishes will be carried out forever benefiting our local community in Transylvania County.
Suggested Language
I give & bequeath to Transylvania Christian Ministry, Inc. (all the residue of my estate OR stated percentage of estate OR a stated sum OR a specific asset) real or personal which I own at the time of my death or over which I have the power of disposition. Transylvania Christian Ministry, Inc. shall administer said trust estate for the sole benefit of, & in accordance with, the provisions of its Articles of Incorporation & any amendments or additions thereto at any time made.
For an Addition to An Existing Fund
I direct that this distribution be added to & become part of the Sharing House Endowment Fund held & administered by Transylvania Christian Ministry, Inc. in accordance with the various provisions of the agreement establishing said Fund.
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Charitable Gift Annuities
Through our association with The Community Foundation of Western North Carolina, Inc, (CFWNC) TCM - Sharing House is able to offer Charitable Gift Annuities to donors. In return for your irrevocable gift of cash or securities of at least ten thousand dollars ($10,000) for a Charitable Gift Annuity, CFWNC will make fixed payments for life to as many as two (2) beneficiaries that you name - yourself, your spouse, a parent, child, brother or sister, for example. After the death of the last annuitant, the remaining principal is added to the Sharing House Endowment Fund.
Receive Payments from Your Assets
Annuitants Age
Annuitants Return
70-75
7.1 %
75-80
8.0 %
80-85
9.5 %
Annuity payments are determined at the time the Annuity is established. Payment amounts are based on the age(s) of the annuitants at that time. The older the beneficiary is at the time the Annuity is established, the greater income stream. The Community Foundation of Western North Carolina, Inc. (CFWNC) can show you how this would work for your specific gift & beneficiaries. The donor receives a charitable tax deduction for the year the gift is made. Also, a portion of the Annuity payments will be tax-free, since they represent a return of principal contributed.
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Charitable Trusts
A Charitable Trust is a more complex Charitable Gift that allows you or other beneficiaries to receive income for life, as well as provide for a substantial and permanent Charitable Gift. The donor receives an immediate charitable tax deduction.
An Annuity Trust pays donors a fixed dollar amount annually based on a percentage of the fair market value of the assets placed in the trust. The payout amount remains constant, regardless of the increase or decrease in the trust assets.
A Charitable Remainder Unitrust pays a percentage of the fair market value of the assets in the trust as revalued annually. If the value of the assets increases, trust payments also increase. If the trust value declines, so will the payout.
Donors select the person or persons who will receive the trust income. When the trust ends at the death of the income beneficiary or at the end of the term of years, the trust's assets create a Charitable Fund in the donor's name or are added to the Sharing House Endowment Fund. The flexibility of Charitable Remainder Trusts & the benefits for creating such trusts make them ideal charitable vehicles for many donors. Through our close association with CFWNC, TCM - Sharing House can assist you in exploring whether this method of charitable giving is appropriate for you.
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Life Insurance
Life Insurance is an easy method to make a significant contribution to TCM - Sharing House. You may give a Life Insurance policy that is no longer needed, take out a new Life Insurance policy or name Transylvania Christian Ministry, Inc. as a beneficiary of an existing Life Insurance policy. Depending on the type of Life Insurance policy you choose, an immediate tax deduction and/or estate tax deductions may be available.
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Real Estate
Real Estate is an easy method of making a significant contribution to TCM - Sharing House. You may make a generous gift of your current residence or your vacation home to Transylvania Christian Ministry, Inc. & continue to live in the home for your lifetime. You will be entitled to a charitable deduction in the year that your property is deeded to Transylvania Christian Ministry, Inc. & the property is then removed from your estate for any estate tax purposes. Upon your eventual death, Transylvania Christian Ministry, Inc. will sell your property & use the proceeds for charitable purposes you have chosen.
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"Living Faith in Loving Action" Matthew 25:35-40
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