Planned Giving

But lay up for yourselves treasures in heaven, where neither moth nor rust does corrupt, and where thieves do not break through nor steal: For where your treasure is, there will be your heart also. - Matthew 6:20,21

Alumni/ae and friends can make three types of charitable gifts: to annual appeals, to capital purposes, and to help ensure EDS’s mission in the future through planned giving.

Heritage Society

In simple terms, a planned gift is a contribution that integrates personal, financial, and estate planning concepts that consider the effects of the gift upon a donor's estate. It is a commitment that is established during the donor’s lifetime, although EDS does not benefit until some time in the future. Planned giving vehicles can provide substantial tax deductions, provide for the security of you and your loved ones, as well as ensure the mission and future of EDS.

We are pleased to recognize thoughtful and generous individuals who have chosen to raise EDS to the level of family by including the School in their legacy planning as members of the Heritage Society. Their planned gifts have played a pivotal role in building our endowment and securing the future of EDS.

Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to EDS. We would be pleased to discuss, in confidence.

Bequests

You may or may not know that probate laws provide a number of safety provisions to assure that surviving spouses of legally married couples are provided for in the event that a deceased spouse forgets or purposely fails to provide for them. There is no such protection for unmarried couples for federal purposes. Unmarried couples for federal purposes must carefully plan to duplicate the property and estate laws that provide legally married couples with a measure of protection. 

Life Insurance

A donor may make a significant gift through use of life insurance policies. This may be done with an existing or new policy. 

Retirement Plan Assets

Retirement plans, such as an IRA, 401(k), 403(b), or Keogh make up an increasing share of personal resources. A donor might choose to name EDS as a beneficiary, or contingent beneficiary of his/her qualified retirement plan in order to significantly reduce estate taxes.

Life Income Arrangements

Life Income gifts provide you and/or your designated beneficiary an income for life in exchange for your gift. As with other forms of planned giving, there are significant tax savings, including elimination of capital gains if funded through appreciated securities such as stocks, bonds, mutual funds, or real estate. 

Life-incomEpiscopal Church Foundatione gifts such as charitable gift annuities, charitable trusts, and pooled income funds are administered and managed for EDS by the Episcopal Church Foundation (ECF). Explore planned giving options using ECF's Planned Gifts Calculator. The most common types of Life Income arrangements are as follows:

  • Charitable Gift Annuity – This is a gift with an immediate partial income tax deduction, providing income that is guaranteed at a fixed rate and some of the income received is tax-deductible. EDS receives the property upon the death of the income beneficiary.
  • Charitable Remainder Trust – Involves larger sums of money and is individually managed. Provides income for life and tax deductions as with a Charitable Gift Annuity. A Charitable Remainder Trust may be added to over the years.  The rate of return fluctuates based on the performance of the portfolio.  If you are seeking a set rate of return, this is possible through a Charitable Remainder Unitrust.
  • Charitable Lead Trust – Assets are transferred to a trust that pays income to EDS for a set period of time.  At the end of the term, the principal and all capital appreciation returns to you or others that you name. Again, this arrangement provides considerable tax savings and useful when passing assets on to children, grandchildren, or other family members.

For more information on planned giving opportunities, please contact: Christopher Hartley, Vice President of Institutional Advancement, (617) 682-1532.