A planned gift allows you to leave an enduring impact on Fenwick High School, its students and the future of our community.
The Fenwick High School Planned Giving Program has customizable options that allow you to meet your current philanthropic goals and extend your generosity long into the future. A planned gift to Fenwick can also protect your assets, provide for your family and guarantee you income for life. A bequest even allows you to forgo having to make any active financial commitments during your lifetime.
A bequest is a simple and common planned gift made through your will. The advantages of a bequest include not having to part with any property until after death, and gift and estate taxes are avoidable. The gift can be a set dollar amount or a percentage of your estate. You may also establish an income-generating planned gift for the benefit of others through your will. A bequest to Fenwick can be a useful and advantageous addition to your estate plan.
Gifts of Real Estate
Gifts or real estate may include developed property, undeveloped property or gifts subject to a prior life interest. They may be given outright or through a bequest, or may be used to fund a charitable trust or other life income plans.
The advantages of a real estate gift include:
- Reduced income and estate taxes
- Avoidance of capital gains taxes
- Financial security for loved ones
- Increased lifetime income
- Continued use of the contributed property during your life
Because a gift of real estate will usually be sold as soon as practicable after it is gifted, the real estate must be free of debt and must be readily marketable. An added benefit is that in most cases, all aspects of its sale are handled by Fenwick High School.
An annuity gift allows you to increase income while reducing your tax bill. Gifts such as these provide four distinct advantages:
- Income for life
- Tax-deduction savings
- Tax-free payouts
- Capital gains tax savings
An easily established trust can provide a current charitable deduction in addition to income to you during your lifetime. This meaningful gift to Fenwick High School can be especially appealing by increasing the income you receive from low-yielding stocks. The income can be distributed to you, your spouse or other designee, after which the assets would be distributed to Fenwick.
The contribution of a life insurance policy can provide a significant gift in a manner that can be especially attractive to younger donors. Fenwick High School offers recognition for the amount of the annual premium. By designating Fenwick as both the owner and beneficiary of a life insurance policy, the premiums are tax-deductible to you. If a fully paid life insurance policy is gifted the cash surrender value of the paid policy at the time of the gift is deductible to you.
Disclaimer: The information above is intended to assist you in your tax, estate, and charitable planning. It is not legal advice and should not be relied upon as such.