Legacy Giving

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Presidio Hill School that will make a lasting impact.

Benefits:

• Receive an estate tax charitable deduction
• Reduce the burden of taxes on your family
• Leave a lasting legacy to charity

How it Works:

• With the help of your attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or Presidio Hill School as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Some Ways to Leave a Bequest to PHS:

• Include a bequest to Presidio Hill School in your will or revocable trust
• Designate Presidio Hill School as a full, partial, or contingent beneficiary of your retirement account
• Name Presidio Hill School as your beneficiary on your life insurance policy

Click here for sample bequest language.

A beneficiary designation gift is a simple and affordable way to make a gift to support Presidio Hill School. It's also the most flexible of all charitable gifts. You can designate us as a beneficiary of a retirement, investment, bank account, or life insurance policy.

Benefits:

• Continue to use your account as long as you need it
• Simply your planning and avoid expensive legal fees
• Reduce the tax burden on your family
• Receive an estate tax charitable deduction
• Support PHS

How it Works:

• To list PHS are your beneficiary, log into your online account and follow the instructions to update your beneficiary or contact your plan administrator to request a new beneficiary designation form.

Important Consideration:

• If you are interested in supporting PHS but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your account and continue to use it freely. You can also change your mind at any time in the future for any reason by simply completing a new beneficiary designation form.

If you are 70.5 years or older, an IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover:

• Avoid taxes on transfers of up to $100,000 from your IRA to PHS
• Satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further PHS's work and mission

How It Works:

• Contact your IRA plan administrator to make a gift from your IRA to PHS
• Your IRA funds will be directly transferred to PHS to help us continue our important work
• Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
• Contact us if you want your gift to be used for a specific purpose

If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.

Benefits:

• Receive a gift or estate tax charitable deduction
• Pass inheritance on to family at a reduced or zero cost
• Establish a vehicle from which you can make annual gifts to charity

How it Works:

• You make a contribution of your property to fund a trust that pays Presidio Hill School for a number of years
• You receive a gift or estate tax deduction at the time of your gift
• After a period of time, your family receives the trust assets plus any additional growth in value.

 

You may be looking for a way to receive fixed income for life or a number of years. A charitable remainder trust creates an income stream for the donor for a specified term of years or for life. When the trust terminates, the principal is distributed to PHS.

Benefits:

• Receive fixed income for life or a term of up to 20 years
• Avoid capital gains tax on the sale of your appreciated assets
• Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to PHS

How it Works:

• You transfer cash or assets to fund a charitable remainder trust
• The trust is invested to pay fixed income to you based on a life or term of up to 20 years
• You receive an income tax deduction in the year you transfer assets to the trust
• PHS benefits from what remains in the trust after all trust payments have been made