Summer 2018 2017
focusforward
1879 Society
Creating your legacy for the future of Lakefield College School inscribed on back
Tax Effective Giving There are only three possible beneficiaries of an estate Family and Friends First! After your loved ones are taken care of, what to do next?
Charity (Gifts)
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A legacy from donated assets, no tax loss.
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Hilary Windrem ’07
“Great students who really want to be at LCS should be at LCS. The whole Lakefield community is enriched by engaged, motivated students—no matter where their tuition comes from.” Hilary Windrem ’07
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Your will
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If it’s meaningful to you, it’s meaningful to the school
Government (Taxes) Eats up investments and savings.
You can only choose if you plan ahead in your will.
LAKEFIELD COLLEGE SCHOOL
Young as she is, Hilary has also made a gift to Lakefield in her will. I ask what inspired this idea.
because I’m hopeful that in 60 or 70 years it will be significant, and I’ll be able to leave a substantial gift.”
“My dad. He didn’t attend Lakefield himself, but he saw the difference it made in my life. He became very supportive of the school, and a few years ago he made a bequest. He said to me, ‘We all save for things that are important to us. Lakefield is really important to you— why not make a gift in your will?’”
What did you have to do after talking to Theresa?
Was it a daunting process? “Not at all. I called Theresa Butler-Porter and said I wanted to make a bequest—how do I do it? She explained the different forms it could take: a specific amount; a percentage of my estate or; an insurance policy, and that I could change the amount or percentage any time. She also said I could designate where my gift would go. It’s good to speak to someone on the LCS Foundation team to figure out what you’d most like to support. Then they document it, so it will definitely go where you want. I chose to leave a percentage of my life insurance policy
“I met with my financial advisor and he drew up the papers. That’s it. What’s so great is that it doesn’t have to cost you a cent during your lifetime.” Do you think it’s necessary to give annually and in your will? “Both types of giving are essential. One third of LCS students receive bursaries, and without them, many couldn’t attend. Great students who really want to be at LCS should be at LCS. The whole Lakefield community is enriched by engaged, motivated students—no matter where their tuition comes from.” What would you say to people who love The Grove? “Give what you can, even if it’s only $20 a year. And make a bequest in your will. If it’s meaningful to you, it’s meaningful to the school. That’s what they need to remember.” By Stephanie Edwards, Alumni Parent
If it’s meaningful to you, it’s meaningful to the school
“W
hen I applied to Lakefield in 2001, Sarah McMahon asked me how much I wanted to attend on a scale from one to ten. I blurted, ‘Eleven!’”
For Hilary Windrem ’07, that passion for Lakefield has never waned. From her first day in Grade 7 to the moment she jumped into Katchawanooka after completing her Grade 12 exams, Hilary whole-heartedly embraced the Lakefield experience. “I stage-managed plays, joined the rowing team, went on an exchange, did a Round Square service project, built quinzees in OE—you name it. But most rewarding for me was the opportunity to make life-long friends from all over the world.” How would Hilary describe the Lakefield difference? She laughs. “That’s hard! There are so many dimensions to Lakefield. But I think the way they encourage individuality is key. At a time in life when young people are struggling to figure out who they are, Lakefield provides a supportive environment to help them work through it.
Hilary with dad, Terry Windrem
“Whether you’re a student, a teacher or staff member, the school encourages you to be your whole self. That creates trust, and a vital community. To me, that’s the Lakefield difference.” As you might imagine, Hilary vigorously supports The Grove. Four years ago she became a Decade Rep for the Hepburn Alumni Challenge. She and her friends Alison Corner ’07 and Katrina Van Laren ’07 also launched a campaign to raise $20,000 for a Legacy Gift in honour of their late friend Courtney Druce ’07. And every year, Hilary donates to the school. Continued on back
Lakefield College School Foundation
Reprinted from Carleton University
Please contact Theresa Butler-Porter T | 705.652.3324 ext. 329 E | tbutlerporter@lcs.on.ca 4391 County Road 29, Lakefield, Ontario, Canada, K0L 2H0 www.lcs.on.ca/LegacyGiving The information and opinions contained in this newsletter are obtained from various sources believed to be reliable, but their accuracy cannot be guaranteed. Lakefield College School and its employees and agents assume no responsibility for errors or omissions or for damages arising from the use of the published information and opinions. Readers are cautioned to consult their own professional advisors to determine the applicability of information and opinions in this newsletter in any particular circumstances. This newsletter is under copyright; its reproduction in whole or in part without the written permission of the copyright owner is forbidden.
IF IT’S MEANINGFUL
| AN EXTRAORDINARY YEAR
| SINCERELY AND WITH LOVE