Planned Giving

Consider the future. Consider your legacy.

A beneficial investment for you and your family, your investment will result in significant value to Sayre and its students. Your financial planning helps assure the future of Sayre’s trademark rigorous academic and character building environment.

Consult your professional advisors when considering a gift to Sayre School to determine the right gift for you and your family.

A Bequest

A deferred gift, a bequest is part of a will. Often attached to an existing will by adding a short codicil, a bequest can be a given amount or a percentage of the donor’s residuary estate, what’s left after other expenses and obligations have been paid. The donor can make the gift restricted or unrestricted.

For Sayre: Sayre receives the gift upon the donor’s death.

For You: The donor is able to make a gift without affecting income or capital.

Appreciated Securities

Donors often have appreciated stock that earns relatively small dividends. By gifting the stock to the school, with or without restrictions, the donor is able to make donations without significantly affecting income or capital.

For Sayre: Sayre can sell the stock and use the proceeds as specified by the donor.

For You: The donor receives an income tax deduction for the full fair market value of the gift and avoids capital gains taxes if the donor were to sell the stock rather than donating it.

Tangible Personal Property

Gifts of artwork, automobile, jewelry, furniture, and clothing are examples of a gift of personal property. The donor may or may not stipulate the actions of the school after receiving the gift.

For Sayre: A gift of personal property should be evaluated according to the school’s Gift Acceptance and Reporting policies, especially if the donor specifies the item is not to be sold.

For You: The donor’s tax deduction is equal to the fair market value of the item.

Retirement Assets

Also a deferred gift, the donor is in a position to donate assets from an IRA, 401(k) or pension plan, upon their death. This is especially effective when there are no heirs. It may be restricted or unrestricted.

For Sayre: Sayre receives the balance upon the death of the donor.

For You: If left to heirs, it might be subject to income tax. If left to the school, the gift is tax exempt.

Retained Life Estate of Real Property

Another deferred gift, a donor may gift a home or real property to Sayre. The donor agrees to maintain the property, pay taxes and insurance in exchange for retaining the property or living in the home until their death. The property must be appraised and mortgage free.

For Sayre: Sayre receives the property at the donor’s passing and can use the property or sell it depending on the agreement with the donor. If the donor agrees that it may be sold, the proceeds can be restricted or unrestricted.For You: The donor can stipulate any arrangement that both agree to, including continued use of the property by other family members. The donor can avoid capital gains taxes incurred by selling during their lifetime.

For You: The donor can stipulate any arrangement that both agree to, including continued use of the property by other family members. The donor can avoid capital gains taxes incurred by selling during their lifetime.

Charitable Gift Annuity

The donor enters into an annuity agreement with the school, then makes a lump-sum gift of cash or other assets to the school. The school invests the donation and provides an income stream to the donor (at least annually) for their lifetime. Upon the donor’s death, the remainder of the investment goes to the school.

For Sayre: Sayre receives the balance of the invested funds upon the death of the donor.

For You: Upon making the gift, the donor gets a partial tax deduction and a reliable income stream determined by the agreement, not by the performance of the annuity investment.

Charitable Lead Trust

The donor creates an irrevocable charitable lead trust that pays Sayre an annual income for a specified number of years. After that time period expires, the remainder of the trust goes to heirs.

For Sayre: This is not a deferred gift so the donation comes to Sayre immediately, and provides a dependable income stream for the life of the agreement. The amount can be based either on a fixed percentage of the initial value of the trust or a fixed percentage of the principal as it is revalued annually.

For You: The donor pays no income tax on the donation made to Sayre. The length and timing of the agreement is determined by the donor, so it can be customized for individual needs. At the end of the term, any appreciation will pass income tax-free to the beneficiaries.

Charitable Remainder Trust

The donor creates an irrevocable charitable trust from a gift, appreciated stock, real estate, or other assets. The trust makes annual payments to the donor or a donor designee for a specified period of time. The amount can be based either on a fixed percentage of the initial value of the trust or a fixed percentage of the principal as it is revalued annually.

For Sayre: After the specified period of time passes, the remainder of the trust is gifted to Sayre.

For You: The designee sells the appreciated asset and reinvests the proceeds in investments that produce income greater than the donor was receiving before the transfer to the trust.

Life Insurance

The donor transfers the ownership of an existing life insurance policy to Sayre or authorizes Sayre to purchase an insurance policy on the donor. Sayre is designated the beneficiary, creating a deferred gift. The donor pays future annual premiums.

For Sayre: Sayre receives the benefits established under the terms of the policy.

For You: The donor receives an income tax deduction on all payments on an existing or new policy. The donor receives an income tax deduction for the portion of the value of an existing policy at the time of the gift.

IRA Charitable Rollover

A donor of at least 70 ½ years of age may give the school up to $100,000 directly from their IRA accounts. The gift can be made any time during the year.

For Sayre: The school receives an immediate gift of cash.

For You: The donor does not have to recognize the transfer from the IRA as income since the transfer is directly from the IRA to the school. The donor must be 70½ years or older. The donation counts towards the required minimum distribution of the donor’s IRA.