Planning for the Future
Dutchess Day School encourages planned gifts to provide support for future students. In many cases, a deferred gift enables a donor to make a more significant contribution than would be possible through an outright gift. Planned gifts require careful thought and analysis with a mindful eye toward income, estate, and tax consequences. You can provide for your family and ensure that future DDS students have all the advantages that your family has enjoyed. And, by including charitable gifts in your will, you may create significant tax advantages for your estate.
Dutchess Day School has established a special club called The Tower Society to recognize individuals who support the school through planned gifts such as bequests, irrevocable trusts, and life insurance. We invite you to join this special group of friends who have included DDS in their estate plans. Contributions to The Tower Society will create an enduring legacy for generations to come.
Ways to Give
• A Charitable Bequest
Instruct your attorney to add a charitable bequest for Dutchess Day School to your estate plan for a specific amount, a specific property, or for a percentage of the estate.
• Retirement Plans
Designate Dutchess Day School to receive part or all of what remains of your retirement plan after your death. Such a transfer can be a very tax-efficient way to make a gift. For example, heirs may receive as little as 30% of a retirement plan from a large estate after estate tax and income tax. Dutchess Day will receive all of it tax-free.
• Insurance Policies
Designate Dutchess Day School’s endowment to receive all or part of the proceeds of a life insurance policy. Ask your insurance company for a beneficiary designation form.
• A Charitable Remainder Trust
You can transfer cash or securities to a trust which distributes annual payments to you for life and leave the remainder to the charities of your choice. This option protects you from up-front capital gains tax on donated appreciated assets and will allow an immediate income tax deduction for a portion of your contribution while ensuring a future gift to Dutchess Day School.
• Real Estate
Gifts of residential or commercial real estate may be something you consider. Land, vacation homes, farms or income producing properties can bring great benefits to Dutchess Day School.