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The Heritage Society is a giving society dedicated to preserving the future of Trinity High School. Membership is offered to those who notify Trinity that they have made a planned gift to Trinity, and those who make a significant gift in the name of a loved one. Heritage Society gifts support academic programs as well as faculty and campus enhancement. Trinity's proud tradition is not passed on by chance, but rather through the continued support and generosity of alumnae, parents and friends. Help us continue to provide value-based education to young women. Consider including Trinity High School in your long-range financial plans by naming the school in your planned gift.
Planned gifts allow you to arrange for a donation now that will benefit Trinity at the time of your death. All of these arrangements can have tax benefits, and some can even increase your lifetime income or provide income for your loved ones. Here are some examples.
Charitable Bequest
A bequest is a provision in your will or revocable living trust that names Trinity as the recipient of a fixed sum of money, or a percentage of your assets, or a specific asset. A charitable bequest can eliminate or reduce estate taxes and in some cases income taxes due at death. Bequests are flexible because you may change your mind if circumstances change.
Naming a Beneficiary
You may name Trinity as the beneficiary of an insurance policy, a retirement account, a certificate of deposit or your U.S. savings bonds simply by filling out a beneficiary designation form or a payable-on-death statement. Your assets remain available for your support during life, and at death your estate may be eligible for income tax deductions and a reduction in the estate tax. As with a bequest, if circumstances change, you may change the beneficiary designation.
Arrangements that Provide Income to You or Your Loved Ones
By setting up a special trust or annuity, you can establish an income stream for yourself or your loved ones while benefiting Trinity and reducing taxes. In some cases you can start with a specific amount and continue to make contributions in subsequent years. A charitable remainder trust allows you to fund a trust that provides you or your loved ones with payments over life and give the balance to Trinity. A charitable gift annuity allows you to make a gift to Trinity while retaining a fixed income for your life or the life of a loved one. A charitable lead trust allows you to fund a trust that pays Trinity the income for a certain time, and then returns the trust assets to you or passes them to your heirs. The tax benefits of these arrangements include an immediate tax deduction for the value of the gift to Trinity, as well as potential capital gains, estate and gift tax savings.
To learn how these general guidelines apply to you, consult with your attorney or financial advisor. For ways that Trinity can assist you with your plans, please contact Chris Bollettino, VP of Institutional Advancement, at 708/453-8396 or email cbollettino@trinityhs.org. All inquiries are confidential.
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Trinity Society