Planned Giving

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 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.

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.

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.

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.

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.