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Planned Giving

Create a legacy for yourself and your family at Morgan Park Academy by joining the Luminary Society. The following gifts enable you to make noteworthy gifts to Morgan Park Academy while you reap valuable income, gift and estate tax benefits. Each gift can be rewarding to you, your family or heirs, and Morgan Park Academy.

The Luminary Society recognizes the generosity of Academy and Loring alumni, parents, grandparents, faculty, staff, and friends who have named Morgan Park Academy in their estate plans through wills, bequests, trusts or other planned giving arrangements. Before making one of the following gifts, please consult your financial advisor, and the Academy’s development team.

Your Gift

Benefits to you and to the Academy

A bequest in your will of cash, property or estate residue.

 

A bequest to Morgan Park costs you nothing today, and gives the Academy the promise of a strong future.

 A charitable gift annuity or a charitable remainder unitrust.

 

This is a “gift that gives back.” Donate a capital sum to Morgan Park Academy (or to a trust) and receive regular annual payments back. Benefits include very attractive rates which are locked for life, and excellent potential for tax exemptions.

A deferred gift annuity .

Receive deductions when you give property or cash to the Academy, and receive income after a specified deferred date. Benefits include tax reductions for you today, and guaranteed income later.

Make Morgan Park Academy your retirement plan beneficiary.

This option allows you to leave less-taxed assets to your family, while eliminating income tax on your retirement plan assets.

Appreciated securities.

Buy low and give high! Gift your appreciated securities to the Academy, which in turn sells the securities to use the proceeds. You receive gift credit and an immediate income tax deduction for the fair market value of the securities, and you pay no capital gains tax.

A new life insurance policy, or a policy that has been paid for which you no longer need.

This option creates a long-term gift to the Academy that won't draw funds from your estate, and may increase your ability to make a significant gift.

A charitable lead trust.

A charitable lead trust reduces your beneficiaries' taxable income by first donating a portion of the trust's income to the Academy, and then, after a period of time, transferring the remainder to your heirs.

Real estate.

 

 

Often a donor’s most valuable asset, real estate which is gifted avoids being taxed for capital gains, and offers you an income tax deduction.


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