Offices & Resources

Planned Giving

 

Since the late nineteenth century, when St. Mark’s was just a few decades old, alumni, families, and friends have used planned giving as one of the more impactful means of supporting their School. Planned giving, from bequests to gift annuities to remainder trusts to gifts of artwork and beyond, lets you create an enduring connection and legacy with the School and recoup tax benefits and life income—all while advancing St. Mark’s mission to educate young people for lives of leadership and service.

There is a wide range of planned gift options, as you’ll see by exploring below. Opportunities to fit every family’s circumstance exist, but the process to making an everlasting impact on St. Mark’s truly begins with you. Please feel free to contact me so my team and I can work closely with you to bring your generous request to fruition.

St. Mark’s is stronger because of the great legacy of those like you who have decided to make a powerful difference through planned giving. We look forward to hearing from you.

Meaghan Kilian
Director of Major & Principal Gifts
plannedgiving@stmarksschool.org

508-786-6129


What to Give

The simplest way to support St. Mark's is through cash gifts. But creative gifts of assets such as stocks, bonds, life insurance, and property (real estate and personal property such as artwork), can not only provide you with charitable deductions, but might also offer additional tax savings.

You may prefer to state in your will or trust a sum of money or a percentage of your estate that you wish to give to St. Mark's.

See below to find out more about planned gifts, the different types of giving options, and recent charitable giving tax updates. 


 


 

Ways to Give

Will and Living Trusts

Through various types of bequests to St. Mark's, you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come.

You may prefer to state in your will or trust a sum of money or a percentage of your estate that you wish to give to St. Mark's.

Whatever form of bequest you choose, it is not subject to federal estate taxes and and can significantly reduce the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.


 

Charitable Lead Trust

Gifts That Protect Your Assets

This type of gift arrangement allows you to direct gifts to St. Mark's for a specified period of time and, in turn, receive either a charitable deduction now for gifts made in subsequent years or a reduction in gift or estate taxes on property you wish to pass to heirs.

Under the nongrantor plan, you irrevocably transfer assets to a trustee and provide that payments be made to St. Mark's School for a certain number of years (or until the end of your or another's life). Then the principal is distributed to your children, grandchildren, or other heirs. The principal passes to your heirs at greatly reduced gift- and estate-tax rates and sometimes escapes them altogether. The charitable lead trust may appeal to individuals who wish to make a gift but retain the property in their family.

Charitable lead trusts (CLTs) are simple in concept but are complex gift- and estate-planning devices because of the many technical drafting requirements of the IRS. We recommend you consult an attorney who specializes in trusts and estates and has experience with CLTs.

There are two types of charitable lead trusts: the grantor lead trust and the more popular nongrantor lead trust, which was made famous by the late Mrs. Jacqueline Kennedy Onassis.


 

Charitable Gift Annuities and Charitable Remainder Trusts

Gifts That Pay You Income

Do you want to support St. Mark's School but worry about having enough income for yourself and your loved ones? Life-income gifts such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of providing St. Mark's with vital long-term resources.

The creation of a life-income gift benefits both the giver and the receiver—a "win-win" situation. Life-income gifts, such as  Charitable Gift Annuities and Charitable Trusts may be right for you.
 


 

Retirement Plans

Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift.

Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.

 


 

Estate Note

You can execute an estate note to pay off a pledge from estate assets in case your pledge remains unpaid at death. This assures that the St. Mark's programs you wish to support receive all the funds you intend

 


 

For more information, please contact

Meaghan Kilian

Director of Major & Principal Gifts

plannedgiving@stmarksschool.org

508-786-6129