Creative planned giving can enable donors and their heirs to receive long-term financial benefits while making a substantial gift to The College Preparatory School.

These benefits can include income for life, considerable tax benefits, and professional investment management.  At College Prep, our Development Office is prepared to help you with your philanthropic strategizing.

The Mens Conscia Recti Society, established in 2000, recognizes those benefactors of the school who deeply believe in the school's mission and wish to ensure its future through a planned gift.

Opportunities for Planned Giving at College Prep

A planned gift provides future support for College Prep while meeting your current financial and personal goals:

• Bequests made to the school can benefit your favorite school program or department or help to grow the school’s endowment.  Alternatively, you may choose to provide a bequest of undesignated support, and such a gift, directed to the school’s area of greatest need, will have broad-based benefits.  By indicating a specific amount in your will, a percentage of your estate or specific assets can substantially reduce estate taxes.

• Life Insurance is a way for a donor to make a gift to College Prep by naming the school as the beneficiary of an existing policy or by buying a new whole life insurance policy naming The College Preparatory School as the owner. Annual premiums, paid by the donor, would be considered a charitable tax deduction.

• Retirement Benefits not used during one's lifetime, if left to heirs, are often subject to both income tax and estate tax upon the owner's death. As a result, IRA remainders may be good assets to leave to The College Preparatory School, a qualified not-for-profit organization.

• Trusts and Funds include various vehicles for gifts to The College Preparatory School, which can produce income for the donor (and/or spouse or other beneficiary) or retain future benefit to descendants. Such gifts can be an important part of the donor's estate planning with tax and financial considerations. These include charitable remainder trusts and charitable lead trusts.
  

• A Charitable Remainder Trust, an irrevocable document, is tax-exempt. It can receive, sell, and reinvest appreciated assets without capital gains tax. Benefits to the donor include:
  • Increased annual income for life
  • Federal and state income tax deduction for the gift passing to the school
  • Avoidance of capital gains tax on appreciated property
  • Reduction of estate an/or inheritance taxes

• A Charitable Lead Trust enables one to put securities or cash into a trust which provides an income to the school for his/her lifetime or a designated term of years. Upon the donor's death or instructions, the trust terminates and the assets are transferred to named beneficiaries. Benefits to the donor include:
  • A means to transfer assets to heirs at a reduced gift/estate tax cost
  • An effective way to conserve the value of assets for one's heirs
    

The acceptance of any gift by The College Preparatory School is governed by the school's Gift Acceptance Policy. All donors considering a planned gift shall be urged to seek their own counsel in matters relating to such planned gifts, tax and estate planning.  If you prefer to make your gift anonymously, it will be kept completely confidential. Please know, however, that recognition of your gift can encourage others to do the same.

Please note that it is important that all correspondence, legal documents, and distributions use the full legal corporate title: The College Preparatory School.

Please call the Development Office at 510.420.2352 for additional information about making a planned gift to The College Preparatory School. You may also download our planned giving brochure here.