Planned Giving

For more than 200 years, Westonians have been “paying it forward”: helping future generations of students through bequests and other planned (legacy) gifts. With careful planning that takes advantage of tax deductions for charitable giving, you can provide for your own financial security; provide for your loved ones; and provide for Westtown School.

Here are some examples of “win-win” planned giving:

“I want to help Westtown and also..."

"...provide for my children.”

Let’s say that you have four children and plan to divide your estate equally among them. Instead of leaving 25 percent to each, consider giving 20 percent to each and the remaining 20 percent to Westtown and other favorite charities.

Here’s another tax-wise option: Name Westtown as a beneficiary of your retirement account. Just ask your plan administrator for a beneficiary designation form and add Westtown School as a beneficiary. For many people, retirement plans are a good asset to leave to charity: If left to individuals other than your spouse, the heirs may have to pay income tax in addition to any applicable estate and inheritance taxes,

“...provide lifetime income for myself (or others).”

With a Charitable Gift Annuity, you can arrange a future gift to Westtown and also ensure lifetime income for one or two annuitants. The annuitants can be any person(s) age 60 or older. A Charitable Remainder Trust offers even more flexibility in terms of income recipients you can name and assets you can donate.

“...support my class by contributing to our Reunion Gift.”

By funding a Charitable Gift Annuity, or notifying the Advancement Office that you have arranged a future gift to Westtown - a bequest, a share of your retirement account or life insurance policy, real estate, or some other asset - you will be counted as a contributor to your Class Reunion Gift and thereby increase the participation rate for your class. If your gift is irrevocable, its present value will be added to the amount of your Class Reunion Gift.


Two Types of Planned Gifts 
 

 Gifts That Cost Nothing Now 

 Gifts That Provide Income to You and/or Others 

 

You Decide What’s Important
You can direct your planned gift to whatever purpose you find most compelling: student financial aid, support for faculty, maintenance of the campus, and much more. Or your gift can be unrestricted, so it can be applied to the area of greatest need at the time it is received.

It Starts with Your Desire to Give

The above are just a few of the most popular planned giving options. We are happy to work with you and your financial and legal advisors to consider which options are best for you and your family. To get the conversation started, call Ray Slater, Director of Planned Giving, at 610-399-7917, or send an email to ray.slater@westtown.edu.

K.O.B. Society

The K.O.B. Society recognizes donors who include Westtown School in their estate plans. A time-honored tradition at Westtown, the K.O.B. (Kindness of Bearer) is a message written on a piece of paper and folded into a small packet to protect its privacy. The K.O.B. is then delivered to the intended recipient by a trusted friend.

Creating a planned gift is like sending a K.O.B. to future Westonians: it is a personal message, conveyed in trust, that expresses your feelings for your school and your desire to see it prosper. 

 

 

This information is general in nature and not intended as legal advice. Please talk to your legal or financial advisor about your specific circumstances.


Questions?
Ray Slater
Dir. Planned Giving
610.399.7917
Email
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