Gifts That Make a Lasting Impact: The Luminary Society of Kent School The Luminary Society of Kent School In 2013, Kent School launched a Planned Giving program to ensure the future of Kent School. As part of Together We Soar: The 50th Anniversary Campaign for Kent School, we have determined that now is the appropriate time to reinvigorate this program. All participants in Kent School’s Planned Giving program will become members of The Kent School Luminary Society. As a Luminary Society member you are indeed an enlightened leader preserving a bright future for Kent School and every student we will serve. Celebrating its first half-century as one of the premier Pre-K through Grade 8 schools on Maryland’s Eastern Shore, Kent School has entered a campaign to launch its next 50 years. Together We Soar seeks to raise $2.3M over a three-year period to make this vision a reality. Your commitment of a Planned Gift to Kent School will help provide a strong foundation for the next 50 years and beyond. Ways to Give: (I) Bequests You may prefer to state in your will or trust a sum of money or a percentage of your estate that you wish to give to Kent School. Whatever form of bequest you choose, it is not subject to federal estate taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction. (II) Gifts from Retirement Plans Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans. (III) Other Ways to Give Kent School is in the process of developing the ability to offer Charitable Gift Annuities and Charitable Trusts. If you are interested in these options, please contact the Development Office. Planned gifts may be directed to an existing endowment for scholarship, professional development or the general endowment (or another area of your choosing. Gifts that are not directed to a specific purpose will be used as unrestricted donations and directed to an appropriate need as designated by the Head of School and Investment Committee. What Your Gift Means Making a planned gift is a wonderful way to show your support and appreciation for Kent School and its mission while accommodating your own personal, financial, estate-planning, and philanthropic goals. Your advance planning for this additional gift will mean that Kent School can continue to shape the lives of students for generations to come! Kent School is truly an unparalleled learning environment. We are so grateful for your commitment to Kent School as a steward of this wonderful school’s future.
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