Planned gifts to The Oliverian School enable you to make a lasting, thoughtful contribution to the school – one that will have a significant impact even beyond your lifetime. When carefully included as part of your estate-planning process, planned gifts, such as bequests, enable you to make a difference at Oliverian while providing first for your financial security and for the needs of your family. Other types of planned gifts provide lifetime income for the donor while also helping a donor realize meaningful tax savings. We suggest you consult your attorney or financial advisor before making a planned gift of any type.
If you intend to make a bequest to the Oliverian, we hope you will make us aware of your support. Informing us of your testamentary intentions helps us to both make plans and recognize your generosity. We appreciate that a bequest to a charitable institution such as Oliverian is an expression of your strongest convictions, and that such a commitment is deeply significant to you. You need not tell us what or how much you plan to bequeath to Oliverian – only that you intend to do so. No estate is too modest for a bequest, and no bequest is too small to be important to Oliverian. What matters is that you believe Oliverian is worthy of your support.
For more information, please contact Barclay Mackinnon, Director of Admissions/Head Emeritus, at 603-989-5100 (ext. 7103) or email@example.com.
Types of Planned Gifts
Bequests to Oliverian are a simple way to make a lasting contribution to the School. As part of your estate planning process, bequests enable you to make a difference at Oliverian while providing first for your financial security during your lifetime and for the needs of your family. As always, we suggest you consult your attorney or financial advisor before making a planned gift of any type.
Sample Language for a Bequest
You have a wide range of ways to support the work of The Oliverian School through a bequest. The following examples represent the most common forms you might choose as you work with your attorney on a charitable bequest.
I give to The Oliverian School, Pike, New Hampshire, (insert here the sum of money or description of property) to be used as the Board of Trustees may direct.
Bequest for a specific purpose
I give to The Oliverian School, Pike, New Hampshire, (insert here the sum of money or description of property) to establish the (NAME) Fund (include fund description, e.g., for scholarship endowment, for faculty support, for building construction, etc.)
I give to The Oliverian School, Pike, New Hampshire, all, or a portion (e.g., a stated percentage) of the rest, residue and remainder of my estate, real and personal, to be used as the Board of Trustees may direct.
In the event that any of the above named beneficiaries shall not survive me, or shall die during the administration of my estate, within ninety (90) days from the date of my death, or as a result of common disaster, then I give all my said estate, real and personal to The Oliverian School, Pike, New Hampshire, to be used as the Board of Trustees may direct.
A charitable remainder trust created during your lifetime provides an opportunity for you to make a significant gift to The Oliverian School and receive income that is invested to keep pace with inflation. When the trust ends, the assets (or a portion) remaining in the trust become the property of Oliverian.
In the year you place assets into the trust, you are allowed to claim an income tax charitable deduction.
You can also create a charitable remainder trust in your will, providing income for your family members for their lives.
Funding a charitable remainder trust upon your death with retirement plan assets can be especially attractive. Under current tax law, if you leave your retirement plan assets to heirs, those assets are first subject to estate taxes, then to income taxes – frequently resulting in a combined tax burden of over 70 percent. Much of this can be avoided by placing the assets into a charitable remainder trust, effective upon your death.
We can help you design a charitable remainder trust to fit your individual needs.
- Lifetime income (often greater than your previous yield).
- A sizable income tax charitable deduction.
- Avoidance of capital gains tax if you donate appreciated securities.
- Professional management of the assets frees you from investment responsibilities.
Substantial tax benefits may be realized by establishing a charitable lead trust. Income payments from the trust first go to The Oliverian School for a number of years, and then the trust principal goes to children, grandchildren or other loved ones. Any growth of the trust is free of additional taxes.
- Can be funded during your lifetime or through your will.
- You support our mission through annual income payments.
- Reduces your taxable estate and potential gift taxes.
- Assets can be kept in the family.
Charitable Gift Annuities
A charitable gift annuity is a single contract between you and The Oliverian School. In exchange for your gift of cash, securities, or real estate, the school agrees to pay you (or a loved one; or both of you) a fixed amount each year for life.
A gift annuity offers an excellent opportunity to balance your investment portfolio and, in many cases, increase your annual income. Also, you will be able to take an income tax charitable deduction in the year of your gift to Oliverian.
The amount of income you will receive depends on your age. Annuities for two individuals are available also.
- Lifetime payments for yourself and possibly another person.
- Charitable deduction for a portion of the value of the gift.
- Part of each annuity payment is tax-free.
- Capital gains tax savings when you contribute appreciated securities.
A deferred annuity is another form of charitable gift annuity in which payments to you are delayed until the future. For individuals not in need of additional income now but who would like to support Oliverian and provide supplemental income for themselves or their spouse at a future date, deferred gift annuities offer considerable advantages. By deferring the life-income payments, you will receive a higher rate of return.
Retained Life Estates
Let’s assume you like the tax advantages that a charitable gift of real estate would offer, but you want to continue living in your personal residence for your lifetime. Did you realize that you could give Oliverian your home, even though you continue living there?
It’s true. It’s called a retained life estate.
A gift of your home, farm, vacation home, or condominium, even with stipulations about occupancy, results in a charitable deduction on your income tax.
The retained life estate may also provide you with a way to let someone other than you or your spouse (perhaps a sibling or child) have life occupancy of your home with reduced tax obligations.
- Lifetime use of the residence for you and/or another person.
- Income tax savings through a charitable deduction.
- Estate tax savings for you and/or your spouse.
- Ability to gift only partial interest in property and receive tax advantages.
For additional information about the Annual Fund, please contact Barclay Mackinnon, Director of Admissions/Head Emeritus, at 603-989-5100 (ext. 7103) or firstname.lastname@example.org.