Embracing faith, family and education

Gift Planning

Girls singing in Chapel

Making a planned giving commitment allows you to leave your legacy at a school that has meant so much to you and to thousands of other women since 1928.  A planned gift to Nazareth may cost you nothing out of pocket today and help the school's future strength and prosperity.  Planned gifts are structured donations, built in consultation with the donor's advisors, intended to benefit Nazareth and to optimize the donor's financial, tax and/or estate plan.   

There are a variety of assets that can be used to complete your planned giving support for Nazareth Academy High School:

  • Cash through bequests
  • Securities
    • The best stocks to use for charitable giving are those that have increased greatly in value, particularly those producing little income.  By donating the security to a charitable organization like Nazareth Academy High School, you avoid paying capital gains taxes.
  • Real Estate
    • A gift of real estate offer you the opportunity to make a significant charitable contribution with a tax-friendly outcome.  Such real estate may be a personal or vacation home, commercial building, or undeveloped property. You can make an outright gift, a gift that is retained for your life, or a bargain sale where you receive some of the cash value and convey the rest to Nazareth.
  • Life Insurance
  • Tangible Personal Property
  • Retirement Plan Assets 

Your planned gift makes you a member of the Nazareth Academy High School Legacy Society, which honors and recognizes individuals who provide for NAHS through planned gifts.  To learn more about the ways you can design a planned gift to match your financial situation, contact our Advancement Office at 215.268.1047 or Alumnae@NazarethAcademyHS.org.

 

Ways to Leave a Legacy

Bequests

Leaving a bequest in your will or living trust is one of the most popular choices due to its simplicity, flexibility, versatility and tax benefits.

  • Simple bequest language can be added and you are done.
  • As the gift isn't until after your lifetime, you can alter it at any time if needed.
  • Whether an exact amount or percentage of your estate is preferential, both are easily accommodated.
  • If your estate is subject to estate tax, the full value of your gift is tax-deductible.

The official bequest language for Nazareth Academy High School is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Nazareth Academy High School [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

Beneficiary Designation

Naming Nazareth Academy High School as a beneficiary to your retirement plan assets, life insurance or insurance annuities is simple and has great benefits to Naz and your other beneficiaries.

  • As retirement funds are tax-deferred, they are one of the most costly to distribute to heirs.
  • When given to NAHS, they are tax-free and fully used to help continue to build a strong foundation of fiscal security and stability for Nazareth Academy High School and the young women it educates in the Sisters of the Holy Family of Nazareth tradition.
  • Finally, beneficiary designations can be changed at any time if your situation alters.

How to Name Nazareth Academy High School as a Beneficiary:

The terms of your will control the distribution of the majority of your assets, but life insurance, insurance annuities and and retirement plans require separate beneficiary forms. You must contact the manager of these accounts to edit your beneficiary designation to include "Nazareth Academy High School."

Charitable Trusts

With a Charitable Remainder Trust you receive income from the assets (cash, stock or real estate) placed in the trust, and after your lifetime the remaining balance supports Nazareth Academy High School. Some benefits are:

  • A partial charitable deduction, when you itemize
  • Up-front capital gains tax relief
  • Professional management of assets
  • Future estate tax relief

A charitable lead trust is optimum for directing wealth to grandchildren by reducing the tax burden while making a charitable gift. The trust facilitates yearly gifts to the school for a period of years from the earnings of the trust. Ultimately, the money in trust goes to whomever you choose, with beneficial tax consequences.