Planned Giving

The Legacy Society was created to recognize and honor those who thoughtfully plan gifts through their estate. Members are recognized among the Chartwell community and are invited to an appreciation event each year to hear firsthand about the impact their giving has on the lives of students and their families.

From Kay Sullivan, Legacy Society Member:

"I would like to take this opportunity to share why I decided to join the Legacy Society. I was introduced to Chartwell when I first moved to the Monterey Peninsula in 2000. I inherently believe you should give back to the community in which you live. As I asked about worthy organizations in the area, Chartwell was mentioned many times.

My first thought was that I don't have children, and I don't have anyone in my family with learning differences, so I wasn't sure it was a "good fit". But I couldn't ignore the fact that people I respected thought so highly of Chartwell, so I took a tour of the school.

At that time the school was located on the Salvation Army property in Seaside, not the impressive campus we have now. Now I was even more intrigued. Parents spent a lot of money to send their children to this school so they must have seen the value.

I decided to work on the Party in a Pear Tree committee and in the following year I joined the Board. I served on the Board for nine years, including two years as President. During that time we raised money for the new campus and started The New High School Project.

I saw first hand the amazing things the faculty and staff were able to do for our students. I shed tears every June, hearing graduates share their experiences. I was always awed by the stories parents shared about their children's transformations.

We are so blessed to have this special school here on the peninsula. An educated population is the underpinning of a successful society. These are the reasons why my husband and I donate to the Annual Fund, but we also wanted to help ensure the school was here long after we are not. I invite you to consider joining the Legacy Society".

If you are interested in joining, have already included Chartwell in your estate plans, or would like more information, please contact the Advancement Office.

Bequests

Made as a part of your will, a bequest can be specified for a particular amount or as a percentage of your estate. The advantage of making a gift through a bequest is that gift and estate taxes are reduced or avoided.

Charitable Gift Annuities

Charitable gift annuities allow you to donate to the school, receive a guaranteed income for life, and benefit from an immediate tax deduction, as well as other advantages.

Charitable Trusts

Like gift annuities, a charitable trust can provide immediate tax benefits in addition to income for you and/or our school during your lifetime. Trusts can be especially appealing because they have the potential to increase in value over time to benefit both the donor and the charitable beneficiary.

Deferred Charitable Gift Annuity

This type of annuity allows the donor to defer the income until a later date, such as retirement, while benefiting from an immediate tax deduction. The donor may determine the deferral period, which must be at least one year from the date of the gift. The annuity rate and corresponding income is typically higher than with a charitable gift annuity, once the payments begin.

IRA Rollover

Chartwell School may be named as a primary or partial beneficiary of a retirement fund balance, such as a traditional or Roth IRA or 401(k). Unlike an individual or non-charitable beneficiary, a charity will typically owe no federal or state income taxes on such a gift. This designation can be made through your accounts manager.

Retained Life Estate (or Life Estate Reserved)

A donor may make a gift of his or her personal residence and retain the right to live on the property for life. By deeding the home to Chartwell School while the donor is living, he or she is entitled to a significant tax deduction in the year of the gift. The amount of the deduction depends on the value of the property and the donor’s age (and the age of any person given life use). The donor continues to be responsible for maintenance, insurance, and taxes on the property. The retained life estate may apply to a principal residence, farm, or vacation home.
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