Planned gifts are charitable gifts made through your estate. Planning a gift from your estate offers substantial benefits both to you and to the school.
A planned gift may take a variety of forms: a simple bequest through your will, designation of a percentage of proceeds from your life insurance or retirement plan, a charitable trust, IRA distribution, or a gift of real estate or personal property. These gifts can provide significant tax benefits to you while strengthening FCS for years to come.
If you would like to include FCS in your estate plans, we would be happy to provide information and discuss various options available.
When making planned giving decisions, we recommend that you confer with your financial planner or attorney to secure the greatest benefit for yourself while helping the school.
Planned Giving Options
A bequest is a gift made through your will or living trust by adding language that describes your wishes. For example:
--a specific dollar amount
--a percentage of your estate
--whatever remains after specific beneficiaries have been paid
--other options as your advisor recommends
Sample bequest language is available upon request.
Minimum IRA Distribution
If you must take a minimum required distribution from your IRA, you have the option to direct your IRA administrator, through a simple form, to transfer all or a portion of the required distribution to Friends Community School. In doing so, the amount directed to FCS is not considered income to you by the IRS and may provide you with a significant tax benefit. The administrator of your IRA (such as TIAA, Fidelity, Vanguard, etc.) can provide the form to you.
Plesae see Charitable Gift Annuities, Bequests and Other Planned Giving in the Ways of Giving box to the right for further details.