Students will benefit from the generosity of Ivan Gabel of the Class of 1949, who thoughtfully remembered Friends’ Central School in his will with a bequest to support financial aid. Throughout the School's history, many friends of the School have helped Friends’ Central to thrive by providing for the School as part of their estate planning.
A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to Friends’ Central by including language in your will or living trust leaving a portion of your estate to the School, or by designating Friends’ Central as a beneficiary of your retirement account or life insurance policy. A bequest costs nothing now but gives you the satisfaction of knowing you have strengthened Friends’ Central in the future.
Charitable Gift Annuity
An arrangement where you irrevocably transfer assets to Friends’ Central and receive income for life. Income will go to you or someone chosen by you. The trust can run for your lifetime or for a specified number of years; then the trust assets go to Friends' Central. For such gifts to Friends’ Central, the School works with Friends Fiduciary Corporation.
The charitable IRA rollover is designed for individuals age 70-1/2 or older to give directly to qualified charities and avoid tax obligation you might incur from required or elective IRA distributions. The amount donated is not included in your adjusted gross income (AGI) and thus is not subject to percentage limits for charitable deductions.
Those who let us know about their planned giving intentions become members of the Blackburn Society, named in honor of Eliza E. Blackburn ’22, whose estate gift has benefitted Friends’ Central for many decades. Six new members have been added so far this year!
Estate gifts can be structured in many ways, a number of which provide immediate tax benefits and long-term income. In all cases, the first step is to work with your financial advisor to decide what is best for you. If you are interested in creating a legacy gift that benefits you and Friends’ Central School, please contact Bob Cotter, Director of Development, at 610-645-5076 or firstname.lastname@example.org.