Planned Giving to Resurrection College Prep High School


Resurrection welcomes planned gifts in the form of bequests, life insurance, charitable gift annuities, life estates, charitable remainder trusts, an IRA, 401(k), or 403(b) plan. Making a bequest or any other type of planned gift may generate tax benefits to the donor, provide long-term support for the school, and entitle the donor to membership in Resurrection’s New Life Society. Please contact Alisa Martorano at 773-775-6616, Ext 142 to make special arrangements for these types of gifts.

 

Trusts, Wills & Bequests

You can include Resurrection College Prep High School in your will or trust, including but not limited to, living trusts and charitable giving trusts. We recommend these provisions be discussed with your attorney, estate planner and tax adviser. In order to insure that Resurrection will benefit, you may use one of the following statements as recommended by your adviser(s).

I specifically devise and bequeath ___% of my estate to Resurrection College Prep High School

I specifically devise and bequeath the remainder of my estate to Resurrection College Prep High School

I specifically bequeath $ ___ to Resurrection College Prep High School

 

Life Insurance

Life insurance policies can name Resurrection as the beneficiary in full or in part. A gift of whole life insurance can be made to Resurrection by naming Resurrection College Prep High School as the irrevocable owner and beneficiary of the policy. Please contact your life insurance provider and estate planner to make sure that the policy is set up naming Resurrection as a beneficiary.

 

Retirement Accounts

Individual Retirement Accounts (IRAs) and/or Company provided retirement plans, similar to life insurance proceeds, may be left to Resurrection College Prep High School by naming Resurrection as a partial or full beneficiary.

 

Other Planned Gifts…

Withdrawals from IRA accounts 401K accounts, 403B accounts etc.

When you turn 70-1/2 years of age, you must start drawing funds from certain retirement accounts. This can have negative tax consequences for you. There are definite tax advantages to donating these withdrawals to Resurrection. Please contact your tax adviser to discuss these tax advantages.

 

Charitable Gift Annuities

Payments to donors begin as soon as the gift is made, with donors receiving immediate tax deductions. Please contact your estate plan advisers to see if this is a good option for you when planning a gift for Resurrection.

 

Deferred Gift Annuities

The donor has flexibility in determining the start of the payments. For example, if the gift is made at age 50, the donor may choose to start the payments anytime between the ages of 55 and 80. Charitable deductions are available immediately.

 

Real Estate

Generous benefactors can use various vehicles to donate appreciated real estate to Resurrection College Prep High School. Please contact the Development Office to learn more about how you can assist our students through a gift of real estate.

 

For more information about making a planned gift to Resurrection College Prep High School, please contact Alisa Martorano at 773.775.6616 Ext 142.