Planned Giving
Recognizing that each individual's philanthropic situation is unique, Whitfield will consider not only gifts of cash and/or appreciated securities but also charitable remainder trusts, charitable lead trusts, transfer of life insurance, gifts of real estate and bequests. The overriding criterion considered in working with potential benefactors is whether the gift is driven by philanthropic intent. The Executive Committee of the Board of Directors reviews the individual merits of gifts of this nature before acceptance. Please consult with your tax advisor for more details.
The Barnes & Cole Society
If you make the decision to make a planned gift to Whitfield School, you will become a member of the Barnes & Cole Society. Named in memory of Whitfield’s founders, John Barnes and Allen Cole, this special recognition society is designed to honor those individuals who have made a commitment to support the vision and the mission of the school through a planned gift. Its membership is comprised of individuals who have included Whitfield School in their estate planning through wills, charitable annuities and trusts, gifts of life insurance and real estate.
Bequests
We hope you will consider a charitable bequest in your will to benefit Whitfield School while you save estate tax dollars at the same time. We can be named as a beneficiary in a will in any of a number of ways. You can easily add Whitfield to your will through a simple amendment called a codicil; thus, your entire will does not have to be redrafted. Please consult with your estate planner for more details.
Life Insurance
If you own a life insurance policy that is no longer needed, consider it as a potential charitable gift. To receive a charitable deduction, name Whitfield School as both the owner and beneficiary of the policy. If the policy is paid up, your charitable contribution is generally the replacement value or cost basis of the policy, whichever is less. Ongoing premiums paid on a gifted life insurance policy also qualify for charitable deductions. Please consult with your life insurance agent and tax advisor for more details.
Other Non-Cash Gifts
Other properties such as real estate, artwork, coin collections or jewelry may be gifted to Whitfield School and qualify for a charitable deduction. A qualified appraisal must occur within sixty days of the date of the gift. Please consult with your tax advisor for more details.
We would be pleased to provide you with additional information on any gifts that you may be considering. Please contact Becky Marsh, director of advancement, at 314.434.5141 or becky.marsh@whitfieldschool.org , for more information regarding non-cash gifts.
Thank you for your interest and support.
Whitfield School does not act as legal counsel or financial advisor to benefactors. These illustrations are provided for suggestions and are not intended as financial or investment advice. We encourage all potential benefactors to seek professional advice before making a planned gift.
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