Planned gifts are gifts that allow individuals to provide for the school through a trust, annuity, insurance policy, or bequest. Certain planned gifts such as a life income trust can provide financial advantages during one’s lifetime. This is an excellent way to help secure the future of Newton and to also achieve personal financial goals.
There are as many different ways to support Newton as there are needs for your support:
Bequests – Remembering Newton in your estate plans reduces the amount of your estate that is subject to estate tax.
Charitable Remainder Trusts – This type of trust guarantees a gift to Newton in the future. In return, you receive both an annual income from the assets you use to fund the trust and an immediate tax deduction.
Charitable Lead Trusts – With this trust structure, the school receives an annual income stream from the trust assets for a period of time, then the remainder goes to your heirs.
Gift Annuities – A charitable gift annuity enables you to transfer cash or marketable securities to the school in exchange for a current income tax deduction and our promise to make fixed annual payments to you for life. Annuity payments can begin immediately or can be deferred to some future date. There are minimum age and investment requirements for these annuities.
With planned gifts, individual circumstances and all tax and estate planning will vary, please consult your attorney or estate specialist. We will be glad to answer questions and offer suggestions confidentially based on your personal circumstances.
If you have any questions about Planned Giving at Newton or have already included Newton in your estate plans, please contact the Development Office at development@newtoncountryday.org or 617-244-4246 x.4731.