Planned Giving
Gift Planning Is Easy with Stuart Hall School
Stuart Hall School depends upon the generosity of alumni, parents, grandparents, and friends who share in our vision to continually strengthen and advance our School. There are many opportunities to make an impact in a way that is important to you. We understand that the process of planning your estate can seem overwhelming, but it needn’t be difficult. Qualified and trusted professionals, such as your attorney and financial advisor, work with you and the dedicated staff in Stuart Hall School’s Development Office.
Furthermore, thanks to our partnership with the Episcopal Church Foundation (ECF), you and your advisors have access to a wide range of giving tools that are managed and invested by ECF with State Street Bank – the foremost institution for charitable asset management.
For more information about planned giving opportunities, please contact Katy Datz, Dean of Advancement, at 540-213-7050.
An Invitation to Join the J. Lewis Gibbs Society
The Reverend J. Lewis Gibbs, fondly known as “Papa Gibbs,” served as Chaplain of Stuart Hall School and Rector of Emmanuel Episcopal Church from 1919-1958. Today the Gibbs Society honors his legacy by recognizing individuals whose dedication and wise planning will strengthen Stuart Hall School for generations to come.
We invite you to become a member of the J. Lewis Gibbs Society by establishing a planned gift of any amount to benefit Stuart Hall School. Furthermore, if you have already provided for Stuart Hall School in your estate plans, please let us know. We would be honored to include you among the ranks of those special donors who have made similar commitments.
Charitable Remainder Trusts
Charitable remainder trusts are flexible and tax-wise vehicles that can provide you with income and create a generous remainder gift to Stuart Hall School.
A Charitable Remainder Trust is drafted by an ECF attorney and may be established during your lifetime or at your death. Such a trust offers a great deal of flexibility. You may choose the payout rate (typically between 5% and 7%), income may be fixed or variable, a variety of asset types can be used for funding the trust, and there is no limit to the number of income beneficiaries you can name. You also receive a charitable tax deduction in the year the trust is established. At the end of the trust’s term, any remaining funds will support Stuart Hall School.
Your choice of a charitable remainder trust can provide you with added income while transforming lives at Stuart Hall School.
Bequests
One sentence in your will can help educate children for generations to come.
A bequest in your will or trust is the simplest way to make a significant gift to Stuart Hall School while allowing you to control your assets during your lifetime so your current needs are met. You can modify your bequest if your financial circumstances change. And a well-designed plan can result in lower estate taxes, allowing you to leave more for loved ones.
Charitable Gift Annuity
Through a charitable gift annuity you can make a gift to Stuart Hall School and guarantee yourself, or a beneficiary you name, an income for life. You can fund your annuity with cash or marketable securities. These agreements do not need to be drafted by an attorney, but rather can be set up with the help of the experts at the Episcopal Church Foundation.
The minimum amount required to establish a charitable gift annuity through the Episcopal Church Foundation is $5,000. The amount of the annual annuity payments depends on the age or ages of the income beneficiaries. The minimum age for an annuitant is 55 and payments can start right away or be deferred to a future time. You can receive a charitable income tax deduction in the year the gift annuity is established, and a portion of the annuity payments may be tax-free.
Funds remaining in the gift annuity at the death of the final income beneficiary are distributed to Stuart Hall School.
Retirement Plans
Naming Stuart Hall School as a beneficiary of your IRA or other qualified retirement plan is a tax-effective way to support the school. At your death the assets held in your retirement plan may be subject to both estate and income taxes, reducing the value received by your heirs. Because of Stuart Hall School’s tax-exempt status, these gifts avoid both potential taxes.
The process of naming Stuart Hall School as a beneficiary of your retirement plan is simple. Contact your plan administrator and complete a beneficiary designation form, with a spousal waiver if needed. In some cases you may be able to complete the form online. This quick change is an easy way for you to make a meaningful impact. If you have already named Stuart Hall School a beneficiary of your retirement plan, please let us know so we may acknowledge your generosity.