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PLANNED GIVING
A planned gift, also known as an “Ultimate” gift, will be used to increase the Endowment fund and will remain in perpetuity. This gift is a wonderful opportunity to make a gift that will last for generations to come. Opportunities for planned giving are many. The following are just a few:
- Bequest- A gift made through a will and given to the named beneficiaries after the death of the will’s maker. Charitable bequests may be designed when a new will is executed or added to an existing will through a codicil.
- Charitable Lead Trust – A donor may create a trust in which the income is paid annually to the school for a term of years, after which the principal reverts to the donor or non-charitable beneficiaries, usually family.
- Charitable Gift Annuity- The donor receives a guaranteed income for life. The income paid to beneficiaries is a fixed dollar amount annually, no matter how much the trust earns. The amount must be specified in the trust instrument as either a dollar figure or a percentage (not less than 5%) of the initial value of the asset used to fund the trust.
- Retained Life Estate – A donor retains the right to live in his or her personal residence, farm or condo for life or for the lifetime of more than one tenant, after which the residence becomes the property of the school.
Please call (707-731-5260 ext. 2219) or email Cary Rivers (crivers@wsa.net) in the development office for further information and he will have a planned gift specialist contact you.
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