Leave Your Legacy
S
ince its inception in 1959, Crespi Carmelite High School
A Bequest is the most traditional way to provide for
community for its students, and preparing them for
your will or living trust, you retain full use of your gift
has been dedicated to providing a dynamic learning
success in all facets of life. With over six decades of tradi-
tion, Crespi owes a portion of its financial health to Planned
Giving. As we look forward to another 60 years and beyond, Crespi is looking to alumni, supporters, philanthropists, and friends to consider a Planned Gift to our institution.
Planned Giving is a great way to leave your legacy within
the Crespi Community. Planned gifts are one of the major
pillars involved in building the Crespi Man Fund (CMF). The CMF supports all aspects of the student experience, provides tuition assistance to deserving Celts who would otherwise not be able to afford a Crespi education, allows for the
recruitment, retention, and development of first-class faculty
the future work of Crespi. With a donation through
during your life and pass the earmarked contribution onto Crespi thereafter. Typical forms of bequests:
General Bequest – specifies that Crespi will receive a designated amount
Percentage Bequest – provides that a predetermined percentage of your estate will go to Crespi. For
example: By leaving 10% of your estate to Crespi
naming the school as a secondary beneficiary of their
retirement plan after their surviving spouse’s passing. A Life Insurance Policy donation is quite common
in planned giving. Life Insurance, under proper
planning, can provide a benefit that costs cents on
the dollar for an organization of your choice. Naming Crespi Carmelite High School as the beneficiary of
the policy creates an end-of-life Legacy Gift to help Crespi continue to thrive and grow. Life Insurance
Strategy and Planning can have significant benefits for the owner and beneficiaries.
A Gift Annuity comes in many forms, and
catastrophic estate losses.
professional for additional information. We would
to make the charitable bequest in the event of
Residuary Bequest – directs that everything remain-
are inevitable. Planned gifts to the CMF allow the school to
bequests, and costs, will go to Crespi.
programs, faculty, or the Crespi experience as a whole.
A Qualified Retirement Plan places Crespi as a
Carmelite High School, a 501(C)(3) non-profit organization:
entity rather than a relative or loved one who may
and Gift Annuity.
estate and income tax by naming Crespi a beneficiary
navigate such challenges without compromising its mission,
or percentage designation. Some Crespi friends are
Carmelite High School, your estate is not obligated
and staff, and gives Crespi the flexibility to address areas of greatest need. 2020 reminds us that future challenges
of your retirement plan with a specific dollar amount
ing in your estate after all general bequests, specific
we recommend reaching out to your financial be happy to provide recommendations for a
financial professional if you require one. A Planned Gift will ensure that Crespi Carmelite High School
continues its mission of educating young men in the Carmelite tradition.
There are several ways to make a Planned Gift to Crespi
beneficiary, leaving the account to a “non-taxable”
Please reach out to President Dr. Kenneth Foersch
Bequest, Qualified Retirement Plan, Life Insurance Policy,
otherwise bear the taxes. You can reduce potential
Mrs. Gregoria Leoni at gleoni@crespi.org to obtain
at kfoersch@crespi.org, or Director of Advancement your Legacy Letter of Intent.
ANNUAL REPORT • FALL 2020 V
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