Foote's Guide to Planned Giving

You believe in the work of The Foote School, and you want to ensure that Foote will continue to offer an education that is second to none. You want your gift to make a difference for us, but are concerned about your own future financial needs and those of your family. That's why we want you to know about the financial tools you can use to plan your gift to Foote so it returns benefits to you. Gifts of securities and stock are welcome and encouraged. The Development Office will be happy to provide information about transferring stock.
 

The Centennial Society

Membership in the Centennial Society is extended to those who have made a provision in their wills or estate plans to benefit the Foote School.


 

7 Ways You Can Give to The Foote School

Please Note: This is general information and is not intended to be tax or legal advice. Please consult your own advisors.

For more information on making your planned gift, please contact Ann Baker Pepe, Director of Development at 203-777-3464 or abakerpepe@footeschool.org

1. Gifts of Appreciated Stock or Securities

Benefits to You: 
Avoid capital gains tax. A tax deduction for the full fair market value of your gift. 

Benefits to Foote:
Buy low and give high–make a gift that costs you less than the benefit it delivers to us, while avoiding capital gains tax. 

2. Gifts by Will/Bequest or Revocable Living Trust

Benefits to You:
A future gift with no cost now. A deduction for estate taxes.

Benefits to Foote:
Foote will receive funds upon the passing of the donor.

3. IRA Charitable Rollover

Benefits to You:
Reduce your taxable income. Counts toward your annual required minimum distribution. Tax free use of an over funded IRA account.

Benefits to Foote:
Immediate receipt of gift.

4. Life Income Gifts; Charitable Remainder Trust or Charitable Annuity

Benefits to You:
Immediate tax deduction for a portion of your gift. Increase your income. Defer capital gains tax.

Benefits to Foote: 
Foote receives funds upon the passing of the income beneficiary.

5. Other Assets; Real Estate, Life Insurance, Royalty Interests

Benefits to You:
An income tax deduction. Avoid capital gains tax. Unneeded assets are put to good use. Simplify your estate. Avoid estate tax.

Benefits to Foote:
Foote benefits from the full proceeds upon sale of the asset.

6. Retirement Plan Designation

Benefits to You:
No cost to you now. Avoid income and estate taxes. Easy to do without updating your will.

Benefits to Foote:
Foote will receive proceeds upon the passing of the donor.

7. Donor Advised Fund

Benefits to You:
Receive a tax deduction when you need it. Make charitable distributions on your own timetable. Involve your family in philanthropy.

Benefits to Foote:
Immediate receipt of gift.