Planned Giving

A bequest gift (typically cash, personal property, real estate, stock, or bonds) left behind in a will for an organization allows a donor the flexibility to make a substantial gift, often many times their capacity during their lifetime. A bequest also allows a donor to navigate fluid assets and potential health unknowns.

Donor owns a large policy or several policies, not all of which is needed to fund estate requirements. Make a gift of the policy and allow Country Day to choose cash value or death benefit, or designate Country Day as the beneficiary.

Currently, the best asset in an estate to pass to Country Day is an IRA as it passes to the school tax-0free. Whereas passing to a family member causes substantial tax loss.

Donor owns appreciated assets. The assets are low growth, low dividend, or both. Donor does not wish to pay capital gains tax, but would like to create more current income from assets. A gift to a CRT or CGA avoids capital gains taxes and estate taxes, provides income to designated beneficiaries, the remainder to Country Day.

Donor owns substantial assets and would like to pass them to the next generation at low tax cost. A charitable lead trust pays income to Country Day for a period of years, then the remainder to family members. By paying to a charity, a much lower imputed value is passed to the family members, avoiding tax on the marginal difference in value. Assets pass from control of both the donor and the other family members for the period of payment to the charities.

A gift to Country Day avoids estate, gift, and capital gains taxes, and provides an income tax deduction. If some cash is needed, then a bargain sale can be used to provide cash in part, and a gift in part. 

Gifts of personal property (such as collections of artwork, antiques, etc.) can provide tax deductions, at the fair market value, while not substantially reducing the value of an estate.