Planned Giving at Hamden Hall
To enable individuals to give in a more substantial way, there are several planned gift opportunities that Hamden Hall invites you to review and consider. A planned gift can provide for the donor and, at the same time, provide for Hamden Hall. It may make the difference for a donor looking for a way to make a larger gift and impact on the School.
*Enhanced and Predictable Income
*Income Tax Deduction
*Reduction of Capital Gains Tax
*Possible Estate Tax Reduction
*Important Support for Hamden Hall Country Day School
Charitable Gift Annuity
A CGA is an agreement between you and Hamden Hall. In return for your gift, Hamden Hall agrees to provide you, or you and your spouse, with a fixed income for your lifetime. Your gift will be invested with Hamden Hall’s endowment and will benefit from the expert management provided by Merrill Lynch. You will receive a fixed income for your lifetime while receiving a substantial tax reduction and greatly reducing capital gains tax liability. The income is paid out as part regular income and part capital gains. With reduced capital gains tax, this combination can mean significant savings for many donors. At the death of the last beneficiary, the gift principal creates a permanent endowment fund at Hamden Hall.
Deferred Gift Annuity
A DGA is a life income agreement that allows an individual to defer income for a period of years and still qualify for an immediate tax deduction. This type of gift is appropriate for donors who are still in the financial building years of their careers and are seeking immediate tax relief. In exchange for a transfer of assets to the School, Hamden Hall contracts to provide an annual annuity payment to the donor, commencing at a future date. The donor receives an immediate tax reduction and greatly reduces capital gains tax liability on the assets used to fund the gift. Income from the gift is deferred until such time as the donor is in a more favorable tax bracket. As with the CGA, the income is paid out as part regular income and part capital gains, and the donor receives a tax savings from the reduced capital gains tax. At the death of the last income beneficiary, the gift principal creates a permanent endowment fund for Hamden Hall.
Charitable Remainder Trusts
A Charity Remainder Annuity Trust and a Charitable Remainder Unitrust are two similar, yet different, gift plans by which you may secure for yourself and/or your spouse an income for life or for a specified term of years while concurrently making a significant gift to Hamden Hall. In each case, your gift to Hamden Hall is placed in trust. With a Charitable Remainder Trust, you will receive an annual income based upon a fixed percentage of the trust’s initial value. With a Charitable Remainder Unitrust, you will receive an annual income based upon a fixed percentage of the trust’s current value. In each case you may select your own trustee. At the termination of either trust, the final principal creates a permanent endowment fund at Hamden Hall.
A stated bequest intention is the simplest and most direct way to ensure perpetual support. An outright bequest transfers specific property or assets to Hamden Hall at the time of your death. You may bequeath all or a portion of your estate to the School. Or you may choose to direct that the residual value of your estate or a percentage of it go to Hamden Hall after the other terms of your estate plan have been fulfilled.
Gifts of Life Insurance
Valuable items accumulated at one point in life may not continue to hold their importance to a donor as circumstances may change. A gift of an unneeded life insurance policy to Hamden Hall may prove a benefit to a donor by simplifying estate planning and reducing estate taxes.
Gifts of Real Estate or Personal Property
Gifts of valuable personal property, a second home or other real estate require careful planning. The professionals associated with Hamden Hall would be glad to discuss benefits to you and to Hamden Hall of such a gift.
For more information
For additional information about these and other planned gift opportunities, please call the Office of Development at 203.752.2616 or visit www.hamdenhall.org.