Focus Forward Spring 2022

Spring 2017 2022 Summer

1879 Society

focusforward

What is the

1879 Society?

In 1879, The Grove opened its doors to 15 boys, inscribed on back marking the beginning of what would become LAKEFIELD theCOLLEGE Lakefield College School of today.

SCHOOL In honour of this humble start, and the foresight of our founders, the Lakefield College School Foundation established the 1879 Society to recognize and thank donors who have made provisions for future gifts in their Will or through their estates to support Lakefield College School.

Members of the 1879 Society primarily include donors of bequests (gifts in their Will), life insurance, real estate, or the proceeds of a TFSA/RRSP/RRIF. All gifts, regardless of the amount, will help LCS meet the challenges and opportunities of the future.

If you are interested in learning more about the impact that you could have on the future of The Grove and its students, contact: Theresa Butler-Porter P’13 CFRE, MFA-P tbutlerporter@lcs.on.ca M: 705-772-0843

Did you know?

If Lakefield College School is in your Will or other estate plans for $100,000 or more, you may be able to name a bursary or scholarship after anyone you choose AND change the life of a teenager — forever.

For more information and sample language, visit: www.lcs.on.ca/LegacyGiving and download our guide “Gifts By Will”.

Creating your legacy for the future of Lakefield College School inscribed on back LAKEFIELD COLLEGE SCHOOL

2021 Grads visit Lakefield’s Resilience sculpture honouring their pandemic experience.

Head of School Anne-Marie Kee enjoys a pontoon boat ride with Ryder House students.

Insuring LCS carries on — long into the future Continued from page 1

Because an insurance gift is earmarked for the distant future, Patrick and Kate thought deeply about why they wanted to support LCS decades from now.

“Lakefield isn’t just a place for families with means,” Patrick says. “It’s a place for kids who are living the values of the school before they even set foot on campus. And those kids are everywhere—across Canada and the world. The idea that LCS can attract those students regardless of socioeconomic status, family resources or geography is key for us.”

“I love the idea of designing and supporting an environment where children of all backgrounds can study together, work on a farm, play sports, camp in the wild, perform on stage—experience life in an almost idealistic way and then apply that learning to the real world. That’s what inspires me.”

Fall 2021 Dance Showcase, Relaunch.

Although Patrick and Kate originally didn’t stipulate where they wanted their gift allocated, when they heard about the Indigenous Leadership Bursary the school offers they decided it was a great fit for them. “We believe in diversity and inclusion,” Patrick explains. “In 2016 we co-founded a non-profit called Together Project. Its mission is to connect refugee newcomers and asylum seekers with Canadians to build stronger, more integrated communities.”

“We were quite excited about supporting the Indigenous Leadership Bursary. Having the voices and experiences of indigenous people heard and shared on campus is critical—we have so much to learn. But of course there are other wonderful bursaries and programs you could support, as well as the school itself.”

Insuring LCS carries on — long into the future What’s the connection between two twelve-year-olds building a lean-to in the woods and a Gen Xer giving a life insurance gift to LCS? For Patrick Marshall ’90, it’s obvious. His fondest memories of the seven years he spent at Lakefield were nights sleeping in the fort he and his buddy Dustin Cantwell (then Peacey) ’90 built in the forest when they first started boarding in 1984.

“We spent more nights outdoors than we did in the dorm,” Patrick says and chuckles at the memory.

When asked whether they think other young people will be interested in making life insurance gifts to the school, Patrick says, “It might not occur to them because planned giving may seem like the purview of the elderly. But actually the best time to create a policy is in your thirties when you’re healthy and young and eligible for low premiums. If people understand how painless and easy it is—and they love Lakefield—I think they will look into an insurance gift. All they need to do is contact Theresa’s team. It’s as simple as that.”

Lakefield College School Foundation

1879 Society

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.

“We asked our house master, Mike Chellew, if he wanted to come and take a look at it. But he said, ‘Nope, I trust you.’ That was the greatest gift of independence you could give a kid in Grade 7.”

During the course of Patrick’s years at Lakefield there were countless experiences that he now sees as equally profound.

“Over time you get a greater appreciation of what the school’s given you: the deep friendships; the unique experiences; the quality relationships–– those stay with you for life. You reflect on your time there and that’s why you get involved. And tend to stay involved.”

Patrick’s very first donation, like those of many new alum, was a response to the Annual Appeal and a desire to stay connected to Lakefield. Eventually, he and his wife Kate, became mentors. Patrick recently completed 9 years as a School Board Director, and continues to be a School Trustee.

Not long ago, Patrick and Kate chose to make a life insurance gift to the school. “We asked, how can we be more strategic with our gifts? We’re happy to give to the Annual Appeal, but is there a way to have a potentially greater impact? Theresa Butler-Porter, LCS Foundation, said indeed there was: we could create a life insurance policy with the school as both the owner and the beneficiary. She explained that because we’re young the premiums would be low on what could be a sizeable gift to the school. And we’d get tax receipts for the premiums just like we do for our annual donations.”

—Stephanie Edwards P ’09

4391 County Road 29 Lakefield, Ontario K0L 2H0 | 705-652-3324 ext 349 | CRN 88878 7066 RR0001

www.lcs.on.ca/LegacyGiving

1879 Society

Patrick ’90 and Kate Marshall with their daughters

Continued on back

INSURING LCS CARRIES ON | IN THEIR OWN WORDS | A GIFT OF LIFE INSURANCE | WHAT INSPIRES YOU | RICKEY CRANG ’54

• Create a new policy that designates Lakefield College School Foundation as the owner and beneficiary.

• Name LCS as the beneficiary of a new policy.

Students share their farming knowledge with Trustees, October, 2021

What are the Tax Benefits of Gifting Life Insurance?

Our Students Share The Impact of Their Northcote Farm Experience

on the farm and donating the food to the community food bank. It is meaningful to use ingredients planted in a sustainable way to also sustain the community by

I used to think that having access to food and farming meant nothing to me, because every day we have no difficulties accessing food. Now I know that farming is

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hard. There is so much work involved to turn a seed into food that finally goes to the table.

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I enjoyed cooking using the ingredients we harvested

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In Their Own Words

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LCS Foundation Trustee Donald Ross ‘48 meeting the inaugural See-to-Table group of students and Northcote Farm

helping people with food needs.

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• If you keep the rights to the policy and name LCS as a beneficiary, your estate will receive a charitable donation receipt for the proceeds of the policy that can offset taxes payable on your final tax return.

• Designating LCS as the owner and beneficiary of the policy will provide you with tax savings today.

The biggest way the Northcote experience changed my perception was by showing me how much work it takes to grow a small amount of food. The farm seemed huge until we harvested about 150 pounds of food and I

When we want to grow some vegetables, let’s do it boldly.

realised that’s about how much I alone would eat during

There is no need to worry too much about the problem of

the winter. It is astounding to imagine how big a farm we

no one buying after planting because there will always be

would need to feed all of Lakefield College for a year, let

people who need a supply of vegetables.

alone an entire city like Toronto.

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Every day — without exception — students are impacted by the kindness of Grove family and friends.

As a school community we are forever humbled and inspired by the growing number of legacy gifts to the Grove — gifts of all sizes that have been realized or pledged to the school through the Wills and estates of members of the LCS community.

F O C U S F O R WA R D

What Should I Know About Gifting Life Insurance?

• Your life insurance needs to change over time. As your children become self-sufficient, you may want to consider donating your policy to LCS. • If you retain ownership of the policy, then you have the option to change the beneficiary at any time.

• If you transfer ownership to LCS, there can be no dispute about the policy’s ownership and your intentions. Life insurance gifts are not part of your estate, which means they are not subject to probate fees and that your philanthropic wishes will be maintained.

Today, our students benefit from the generations of alumni, parents and friends who came before us. Throughout the history of LCS, individuals have been demonstrating their affection for our school by investing in its future. With gifts made through their estates, members of our community have supported a breadth and depth of programs and initiatives.

From enhancing learning opportunities and programs to supporting the ever-increasing need for tuition assistance, these gifts continue to strengthen our experiences as a community and contribute to the creation of a bright future for our school.

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If our world is to become better, surely it starts with education. Lakefield College School teaches such great values—confidence, accountability, leaving places better than you found them. I want more kids to learn and experience what LCS has to offer. My bequest will help to make that possible.

— Jock Fleming ’74

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My dad inspired me. He didn’t attend Lakefield himself, but he saw the difference it made in my life. He became very supportive of the school, and 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?’ And I did. 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.

— Hilary Windrem ‘07

We encourage you to consult your tax, financial and/or legal advisors to help you decide the type of legacy gift that makes the most sense for your personal situation and long-term goals.

CREATING YOUR LEGACY FOR THE FUTURE OF LAKEFIELD COLLEGE SCHOOL

The James Harold

(Rickey) Crang Jr. Memorial Bursary “Rickey Crang ’54, a student at Lakefield from 1946-54, RICKEY CRANG ’54 shared the values and beliefs which sustain the school and cared deeply about its future generations of students. It is hoped that the recipients of the Crang Bursary will share Rickey’s deep love and devotion to the Grove.”

When Rickey passed away in 1988, he’d already made a significant impact on LCS. Widely known as a zealous Grove supporter, he cared deeply about the future of the school and was keen to ensure that it was well prepared to face, and overcome, any challenges of the future.

In 1997, as a result of a gift in his Will, The James Harold (Rickey) Crang Jr. Memorial Bursary was established. As an endowment, it would provide financial assistance in perpetuity for young people who would be unable to afford to attend LCS otherwise.

Since its inception twenty-four years ago, more than sixty young people have benefited directly from Rickey’s generous gift and over $1 million has been distributed to ensure that support will always be available to deserving students.

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Being a part of Lakefield College School seemed like an unrealistic dream when I first came to tour the school, and now I am so appreciative and proud to be a member of this amazing LCS family. The gratitude and appreciation I have for you is beyond words. Without your generosity, LCS would have remained just a dream instead of my reality. Thank you sincerely for allowing me to have this opportunity.

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• Transfer ownership of an existing policy with premiums still owing.

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• Donate an existing policy that is fully paid and that you no longer need.

What inspires you to make a gift through your estate?

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How Do I Make a Gift of Life Insurance?

— Grade 10 Crang Bursary Recipient.