What Is a Planned Gift?
A Planned Gift is a gift you choose to commit to now, but which is realized in the future. Planned Giving is a term used to describe a variety of strategies that help you to structure a gift that fits your personal and financial goals, while maximizing the available tax benefits. Donors who choose to make planned gifts to Havergal automatically become members of the Ellen Knox Society, named for Havergal’s First Principal. For Havergal, confirmed planned gifts allow the school to develop future programs with confidence – knowing that there will be a future base of support.
Ways to Make a Planned Gift
One of the most common and easiest ways to provide a lasting legacy is to include a bequest provision in your will. As it is a simple process to revise your will, bequests allow the most flexibility and security should your personal circumstances or plans change.
The name you should include in your will to make a bequest to Havergal College is “The Havergal College Foundation“.
“My estate trustees shall pay the sum of $ ______ (or transfer assets with an equal value) to The Havergal College Foundation, for the purpose of __________.
(Disclaimer -The above clause should not be used without first reviewing it with your own legal and tax advisors to determine its suitability for your estate planning.)
Gifts of Life Insurance
One of the most convenient ways to make a planned gift is to name The Havergal College Foundation as a beneficiary of a life insurance policy that may no longer be needed to protect you and your family. A gift of life insurance can provide a significant benefit to Havergal College in the future, at a modest cost to you today.
To discuss other giving vehicles, please contact Lisa Zanlungo, Advancement & Community Relations, at 416-483-3519 ext. 6943 or firstname.lastname@example.org.