Many alumnae, parents, and friends of Newton Country Day School of the Sacred Heart have chosen to make a lasting impact on the lives of our students through a gift in their estate.
Legacy gifts provide the financial strength and security required for the School's continued growth. The most common legacy gifts are a bequest made in a will or a beneficiary designation of a retirement fund or life insurance policy. Legacy gifts may be made for unrestricted or restricted purposes. Unrestricted gifts are used in the best interest of the School, while restricted gifts are designated for critical initiatives like endowment, tuition assistance for students, academic programs, athletics, etc.
Legacy gifts are a sound investment in the future of Newton Country Day School and enable you to establish an enduring connection to the School.
- Bequests - A charitable bequest through your will is one of the simplest ways to make a gift to Newton Country Day School. Bequests may be a percentage of your estate, a specific dollar amount, or a gift of personal property. You may support areas important to you at the School or provide an unrestricted gift that will be used in Newton's best interest.
- Beneficiary designations - By naming Newton Country Day School as a full or partial beneficiary of your life insurance policy, IRA, 401(k), or other qualified plan, you will have a significant impact on Newton's future as well as have the asset pass to the School tax free.
For more information about Planned Giving opportunities please email Mollie Collum, Director of Institutional Advancement, or call at (617) 559-4792.
- Residual Gift Language
- Specific Gift Language
- Contingent Gift Language
- Make NCDS a Beneficiary of your Retirement Plan
- Personalized Language For You
A residual bequest comes to us after your estate expenses and specific bequests are paid. Sample language:
I give and devise to Newton Country Day School of the Sacred Heart, located in Newton, MA, all (OR please state a percentage of your estate) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (OR for the support of a specific fund or program).
Naming Newton Country Day School as a beneficiary of a specific amount from your estate is easy. Sample language:
I give and devise to Newton Country Day School of the Sacred Heart, located in Newton, MA, the sum of $___________ (or asset) to be used for its general support (OR for the support of a specific fund or program).
Newton Country Day School can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled. Sample language:
If (insert name of potential beneficiary) is not living at the time of my demise, I give and devise to Newton Country Day of the Sacred Heart, located in Newton, MA, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (OR for the support of a specific fund or program).
You may name Newton Country Day School as a beneficiary of your IRA or other qualified retirement benefits.
Naming NCDS as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. We recommend you consult with your tax advisor regarding the tax benefits of such gifts. By naming the School as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support NCDS free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a “change of beneficiary” form from your plan administrator. When you have finished, please return the form to your plan administrator and notify the School. We can also assist you with the proper language for your beneficiary designation to NCDS.
Should you or your attorney like Newton Country Day School to provide you with customized beneficiary language that is specific to your goal and interest, please contact Mollie Collum, Director of Institutional Advancement.