Bequests and Planned Gifts
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Planning a Gift to The Athenian School
Planned gifts are a thoughtful way for you to make a significant impact on Athenian's future whether you are interested in helping meet the financial needs of a bright student with limited resources, providing faculty with support to be the best they can be or endowing the programs, grounds and resources that are such an important part of the Athenian experience. When you include Athenian in your financial or estate plan, you are helping us to keep our promise to provide a unique educational experience for generations students to come.
Planned gifts are not just for the very wealthy. You can include a gift of any size in your will or your living trust. Or, you might consider a different type of trust called a Charitable Remainder Trust that provides you with an income during your lifetime and has the added benefit of helping you avoid capital gains taxes when you sell appreciated real estate, stock or other assets. Many people find that a planned gift allows them to make a larger commitment to the School than if they were making an outright gift of cash.
If you have already included a gift to The Athenian School in your will or a trust, please let us know. If you have not yet made your intentions clear through a will or trust, you may want to reflect on the ways in which a will can provide for individuals and causes that are important to you.
Why does everyone need a will? • You can direct the distribution of your assets to those you care about most. The Athenian School (legal name) has tax identification number 94-6070808. |
More about Planned Gifts and The Pillar Society
When you notify Athenian about your planned gift, we will enroll you in The Pillar Society, a special group of visionary donors who have designated The Athenian School in an estate or financial plan. You will be invited to our annual Society celebration and other special activities, and you will be listed in the annual Athenian Magazine.
There are many different ways to support The Athenian School with a planned gift. The most common ones are listed below. If you would like more information about how any of these giving vehicles can help you accomplish your financial, estate and charitable planning goals, we would be very happy to talk with you. Please contact Emily De Falla, Director of Development, at 925-362-7234 or emily.defalla@athenian.org.
Gifts That Do Not Impact Cashflow During Your Lifetime
Bequests
A bequest is a gift that you make using your will or living trust. You can change or amend it at any time during your life. A bequest allows you to make a meaningful contribution to The Athenian School while retaining complete control of your assets during your life. Your will or trust can both provide for family members according to your wishes and also support your favorite charities at whatever level you determine. For specific language that can be used to include Athenian in a bequest, click here.
Gifts That Provide You with Income
Charitable Remainder Trust
A charitable remainder trust (CRT) is a custom designed and individually managed trust that distributes income to you during your lifetime or a fixed term of years. When the trust term ends, the remainder is distributed to Athenian. When you create the trust you are entitled to an immediate income tax deduction, and you bypass capital gains taxes on the assets you place in the trust.
Gifts That Provide Income to Charity
Charitable Lead Trust
A charitable lead trust (CLT) is a custom designed and individually managed trust that distributes a gift to Athenian each year for the period of time that you choose — either a term of years or for the lifetime of one or more individuals. At the end of the term, the trust terminates and distributes its remaining assets (called the remainder interest) back to you, to one or more individuals that you have specified or to the charity of your choice. A CLT can be used to create a significant income tax deduction when that is an important part of an individual's current financial plan.
Gifts with Retained Use
Life Estate Agreement
A life estate agreement is an arrangement where you transfer a title to a personal residence or farm to Athenian while retaining the right to occupy and otherwise enjoy the full use of the property for your choice of a term of years or the lifetime of one or more individuals. After the term or lifetime, full ownership would pass to Athenian. You receive a significant tax deduction at the time you set up the agreement.
Contact Us
Individual circumstances will vary — as with all tax and estate planning, please consult your attorney or estate specialist. The School's Development Office will be glad to answer questions and offer suggestions confidentially based on your personal circumstances by clicking the link shown or phoning Emily De Falla at 925-362-7234. For planned giving purposes, the legal name is "The Athenian School" and our tax identification number is 94-6070808.
