Ways to Make a Gift

Planned Giving

One of the most effective and certain ways of ensuring Mountain Road School’s future for generations to come is through a planned gift. A planned gift is a way to make a gift now that will provide immediate financial benefits to you and future benefits to Mountain Road School. Making a significant gift to MRS does not automatically mean parting with income from assets. There are a number of ways to make a gift while keeping income and realizing current tax deductions. Please consider the following ways you can make a planned gift and the benefits associated with each.

To learn more about gift planning and what might work best for you, please contact your tax advisor.

Your Gift Your Goal How You Make the Gift Your Benefits
Bequest in Will Defer a gift until after your lifetime. Name Mountain Road School in your will (designate a specific amount, a percentage, or a share of the residue.) Ask for sample language.
  • Donation exempt from federal estate tax
  • Control of asset for your lifetime
Life Insurance Make a large gift with little cost to yourself. Contribute a life insurance policy you no longer need, or name Mountain Road School as beneficiary of all or part of policy.
  • Current income-tax deduction
  • Possible future deductions through gifts to pay policy premiums
Retirement Assets Avoid the twofold taxation on IRAs or other employee benefit plans. Name Mountain Road School as the beneficiary of the remainder of the assets after your lifetime.
  • Make the gift from the most highly taxed assets, leaving more for family
  • Avoids income and estate tax
Real Estate Make a gift of an asset no longer needed and generate an income-tax deduction. Donate property to Mountain Road School.
  • Immediate income-tax deduction
  • Reduction or elimination of capital-gains tax
Retained Life Estate Give your personal residence, vacation home, or farm now but continue to live there. Deed ownership of your home to Mountain Road School but retain occupancy.
  • Valuable charitable income-tax deduction
  • Lifetime use of residence
Revocable Living Trust Make a revocable gift during your lifetime. Name Mountain Road School as the beneficiary of assets in a living trust.
  • Control of the trust for your lifetime
  • Gift in trust exempt from federal estate tax
Charitable Remainder Unitrust Create a hedge against inflation over the long term and supplement your retirement income. Create a trust that pays a fixed percentage of trust’s assets as revalued annually.
  • Variable income for life
  • Immediate income-tax charitable deduction
Charitable Remainder Annuity Trust Secure a fixed income and supplement your retirement funds. Create a charitable trust that pays you a set income annually.
  • Fixed payments for life, often at a higher rate of return
  • Immediate income-tax deduction
Charitable Lead Trust Reduce gift and estate taxes on assets you pass to children or grandchildren. Create a charitable trust that pays fixed or variable income to Mountain Road School for a specific term of years; principal is retained for heirs.
  • Reduces your taxable estate
  • Property kept by your family, often with reduced gift taxes