What will your Legacy be?
Planned gifts provide creative and flexible strategies for your estate and charitable planning. Some planned gifts provide you with income. Many can reduce your taxes. The greatest benefit lies in knowing you are supporting a vibrant school community.
By including Bosque School in your estate plans, you will help sustain excellence in teaching and the ideals of scholarship, community and integrity for future generations of students.
Consider for a moment the following list of assets that you might use as charitable gifts now or in the future: art, bonds, cash, life insurance, mutual fund shares, retirement plans, securities, and more. Please use this brochure as inspiration for ways you can make a lasting difference.
Gifts of Cash: Direct gifts are most often made in the form of cash and checks and can result in immediate tax deductions.
Securities and Non-Cash: Many individuals choose to use stocks, bonds, shares of mutual funds and other types of appreciated efforts as gifts.
Life Income Gifts: A gift that features additional spendable income for you and/or a loved one may be one of the best ways to combine your personal and charitable planning. Some plans can provide economic security while arranging for a larger charitable gift than you otherwise might have thought possible. For example, a charitable remainder trust can provide you or your loved ones with a fixed or variable income for life or another period of time, with whatever remains designated as a charitable gift when the trust ends. Tax savings and other benefits are available through such gifts.
Retirement Plans: Many individuals receive income from an Individual Retirement Account (IRA), 401K, or Keogh. Because such funds can be subject to both income and estate taxes when left to heirs, a gift from excess funds remaining in these plans can be a tax-wise way to arrange a charitable gift while leaving other, less heavily taxed assets to heirs.
Life Insurance Policies: You can leverage your life insurance policies that you may no longer need. Keep it renewed and you can designate that all or a portion of the proceeds from a life insurance policy be paid to a charitable interest. You may even wish to purchase a new policy and name a charitable organization as owner and beneficiary.
Wills and Living Trusts: After making provisions for loved ones and friends, one or more charitable interests are often included in a will or living trust. Such bequests or distributions may include a specific amount of cash or a certain property; a percentage of your total assets; or all or a portion of what is left after loved ones have been provided for.
For more information on planned giving, please contact:
Monica Hussey, Director of Development