St. George Society

ST. GEORGE SOCIETY

PLANNED GIVING FOR BLUE RIDGE SCHOOL

www.blueridgeschool.com/support I 434.992.0593

Planned gifts combine philanthropic goals with tax and planning benefits.

BEQUESTS & BENEFICIARY DESIGNATIONS WILLS OR LIVING TRUSTS

BENEFICIARY DESIGNATIONS

Age limits

Any Age

Any Age

Minimum funding level

None

None

Amounts donated to the school are not subject to estate tax

Amounts given to BRS are not subject to estate tax.

Retirement plans that were funded with pre-tax dollars pass to an individual beneficiary, are subject to income tax. When designated to BRS, they are free of income tax.

Include BRS in your will or living trust.

And, often they are as simple

Name BRS as a beneficiary of your retirement account or life insurance policy.

as including Blue Ridge as a beneficiary of a plan or policy you already have. You may designate your planned gift to support any area of the School. Planned gifts can provide unrestricted support or you can designate to a specific purpose – such as scholarships, academics, character education or athletics.

Each gift type can be personalized to best meet your financial and philanthropic goals. Blue Ridge

Tax benefits

School’s Advancement Office will work with you to properly document your wishes.

Why this type Become a part of BRS’s Become a part of the donor community today St. George Society while of gift? while retaining assets during your lifetime

retaining assets during your lifetime.

St. George Society Visonary Philanthropy

Build an enduring legacy for yourself and Blue Ridge School by becoming a member of the St. George Society. When you make a provision for Blue Ridge School in your will, life insurance policy, trust, annuity, or retirement account, you are helping to strengthen the School’s footing for the future.

Is this gift revocable?

May be easily changed

How do I make this type of gift?

Ask your estate planning Complete a beneficiary designation form provided attorney to add a by your plan administrator provision in your will or trust. BRS Advancement (where you designate an office can provide sample amount or percentage). language.

May be easily changed.

The information in this document is for illustration purposes only and is not intended as legal or tax advice. We encourage you to consult your own legal and tax advisor.

INCOME-GENERATING GIVING STRATEGIES

OTHER GIFTS

CHARITABLE REMAINDER TRUSTS (CRT)

QUALIFIED CHARITABLE DISTRIBUTIONS

Minimum age is 55

Any age can establish a CRT

Minimum age: 70 ½

Minimum funding level is $5,000.00

Typically $100,000 or more. Your financial advisor can help you determine what is beneficial for you and your family.

N/A

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CHARITABLE GIFT ANNUITIES

Gift Annuities provide guaranteed annual income for your lifetime, and benefit a nonprofit once complete.

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Income tax charitable deduction in year of gift If you fund your annuity with appreciated assets, you avoid or reduce capital gains tax.

A portion of the annuity income is usually tax-free Removes taxable assets from your estate.

You may transfer assets to a trust and receive fixed or variable payments for you and/or your beneficiaries for a set period, or for life. Including a non-profit beneficiary provides valuable tax benefits and income.

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Income tax charitable deduction in year of gift.

If you fund your trust with appreciated assets, you avoid or reduce capital gains tax.

Removes taxable assets from your estate.

Make a distribution from your IRA and reduce your taxable exposure.

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Up to $100,000 can be excluded from federal taxable income.

Each distribution will count toward your required minimum distribution (RMD) if you have one.

Can reduce taxable income even if claimed standard deduction.

Supplement retirement income. • Provide supplemental income • for yourself and/or others Convert low dividend-yielding • stock to higher fixed income.

Reduce concentration risk and • exposure to market volatility.

Supplement retirement income. • Provide supplemental income for yourself and/or others.

• Convert low dividend-yielding stock to higher fixed income.

Reduce concentration risk and exposure to market volatility.

Avoid unwanted ordinary income recognition.

Reduce future RMD’s.

Irrevocable

Irrevocable

Irrevocable

Check with your Community Foundation on how they would setup terms and the agreement/contract for you.

Transfer cash, stock, real estate, or other assets to a trustee. The trustee invests the assets and pays you regular fixed (charitable remainder annuity trust) or variable (charitable remainder unitrust) payments.

Contact the BRS Advancement Office for sample language and the tax ID number(s) you need to make a qualified charitable distribution.

The information in this document is for illustration purposes only and is not intended as legal or tax advice. We encourage you to consult your own legal and tax advisor.

ST. GEORGE SOCIETY

PLANNED GIVING FOR BLUE RIDGE SCHOOL

Join the more than 100 generous alumni, parents, and friends of Blue Ridge School who are members of the St. George Society and secure your legacy.

WHAT TO GIVE

The asset types below can be given outright to the school, but there may be advantages to using them to fund a planned gift.

Marketable Securities Securities readily sold on the exchange – make great funding assets for planned gifts. Securities can be transferred by estates as well as living individuals via electronic transfer.

Securities can be used to make outright gifts, to fund gift annuities, or to fund a trust.

Real Estate There may be tax benefits to a planned gift of real estate.

Real estate can be: • Given through your will or living trust • Used to fund a charitable remainder trust You may also donate the remainder interest in your home and retain the right to live there.

Life Insurance You can name Blue Ridge School as a beneficiary of your life insurance policy, or you can give any permanent policy to the school.

Retirement Account Assets Retirement accounts can be some of the most heavily taxed assets. Making a charitable gift through your retirement account may be a tax-wise way to give.

For more information about the St. George Society, contact: Senior Director of Institutional Advancement, JC Ignaszewski jignaszewski@blueridgeschool.com (434) 992-0593