Great tax benefits exist for those who give. Here are some of the gifts and associated benefits you should know about.

 

 

Bequests

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit St. Albans.

Bequest Language for Donors

Sample bequest language is offered below for your legal counsel’s consideration in preparing your will or trust. This enables you to make generous gifts that may not be possible during your lifetime.

Beneficiary Designation

While most assets are transferred through a will, retirement plans and life insurance policies are governed by a separate document, called a beneficiary designation.

Charitable Lead Unitrust

Make a substantial gift to St. Albans School in the form of variable annual payments and pass assets to your family or other heirs at reduced tax cost.

Retained Life Estates

Donate your home, farm or a second home to St. Albans and receive an immediate income tax charitable deduction, while retaining the right to live in your home for the rest of your life. If you itemize your deductions instead of taking the standard deduction you could save significant income taxes. If you cannot use your entire deduction in the year of your gift, you may carry forward all unused deduction for up to five additional years if you are able to itemize in each of those years.

Bargain Sale

Receive immediate cash and make a gift to St. Albans School by selling to us a valuable asset, such as real estate, for less than it is worth.