Learn more about The Matthew Meigs Society
If you would like more information regarding life income gifts, please contact Christian P. Sockel, JD, Director of Advancement and Capital Giving, at 610-705-1005 or e-mail him at firstname.lastname@example.org.
Life Income Gifts:A life income gift allows you to receive income (often an increased income) while making a gift to The Hill School. In addition, life income plans can offer an immediate charitable deduction, avoidance of capital gains taxes and portfolio diversification. The Hill School’s capital giving staff is available to assist volunteers, donors and their advisers in establishing life income plans..
Charitable Gift Annuity:A gift annuity is a simple contract between a donor and The Hill School. In exchange for a gift, The Hill School will pay a fixed and guaranteed income. Income payments may be received immediately for life or deferred to a future date. The capital is invested in the School’s endowment and the annuity payments are guaranteed by the School.
Charitable Remainder Trusts:A charitable remainder trust is an individually managed trust that may be tailored to the specific needs of the donor or designated beneficiaries. These trusts can be structured to provide income for life or for a term of years. Most important, the trust assets can be managed for income or growth, depending on a beneficiary’s needs. Charitable remainder trusts can accept a broad range of gift assets and are popular because of their flexibility.
Charitable Lead Trusts: Through a charitable lead trust, The Hill School receives income from the asset a donor contributes to the trust for a term of years. At the end of this period, the assets of the trust typically pass to younger family members. By making this “loan” to The Hill School, donors can significantly reduce their estate and gift taxes on transfers of wealth to their children and grandchildren.
Planned Gifts, Bequests & Campaign Credit: The Hill School greatly encourages and appreciates future gifts made through one’s estate. Planned gifts in which the School’s interest is irrevocable and for which annual statements from the fiduciary are provided can be credited toward the School’s initiatives. These gifts are assets of the school and can be considered in the long-term planning of financial support. Past gifts of this kind were considered in setting the fund-raising goals of the Initiatives and recent gifts are reflected in the progress toward achieving and implementing them. Therefore, while sincerely appreciated and recognized with membership in The Matthew Meigs Society, bequest intentions or other gifts in which the School’s interest is revocable cannot be credited toward its financial goals.