Creative Giving at St. Andrew's

GIVE A LITTLE, LEAVE A LOT A TA X - W I S E I D E A FO R F R I E N D S A N D S U P P O R T E R S O F S T. A N D R E W ’ S E P I S C O PA L S C H O O L Over the coming months, St. Andrew’s Episcopal School for your loved one. The St. Andrew’s Office of Institutional will highlight a variety of creative ways that you can support Advancement will be happy to help you with all of the details the school, and the tax advantages different giving options and provide a framed certificate for wrapping. could offer to you. Give a Little, Leave a Lot focuses on life Happy holidays and once again, thank you for your insurance as a way for you to make a small gift today that continued support of St. Andrew’s Episcopal School. results in a lasting legacy for generations to come.

And remember, if you’re searching for a holiday gift FOR ADDITIONAL INFORMATION: for a friend or family member, an endowed fund in his or PLEASE CONTACT REBECCA COLLINS OR ELIZABETH BUYAN IN THE her honor could be the ideal solution. A gift made to The OFFICE OF INSTITUTIONAL ADVANCEMENT AT 601.853.6000 OR BY Touchstone Endowment will establish a permanent legacy EMAIL AT REBECCAC@GOSAINTS.ORG OR BUYANE@GOSAINTS.ORG.

YOUR LEGACY WILL CONTINUE TO GROW AND TO INSPIRE FUTURE GENERATIONS.

Taylor Triplett ‘05

LIFE INSURANCE: A GENEROUS GIFT TOMORROW FOR A SMALL PRICE TODAY Taylor Triplett ’05 longed to make a meaningful gift to St. Andrew’s Episcopal School. Just three years out of college and working to build a career as a financial services professional with New York Life Insurance Company, Triplett found a way to make a generous gift without breaking his current budget. Triplett took out a life insurance policy and named St. Andrew’s Episcopal School as the policy’s owner and beneficiary.

“Life insurance was a unique way for me to leave a legacy,” Triplett says. “Because of my age and health, I’m able to leave the school with a large gift that is very affordable and provides me with a tax deduction. My legacy will be a locked-in stream of future income for St. Andrew’s, ensuring that our children, grandchildren, and further generations can continue to grow and prosper thanks to the educational experience available at St. Andrew’s.”

Triplett chose to make his gift an unrestricted endowment,

explaining that he preferred that his gift be used in the area in which it will have the most impact.

“While I deeply cherish certain aspects of my time at St. Andrew’s, the school as a whole is what shaped me. I want my gift to support St. Andrew’s in whatever way is most immediate and necessary, regardless of which department may benefit from my legacy.

“St. Andrew’s is a place that develops character through the urging of thinking, questioning, and participating, not only in the classroom, but also in your community and in life,” Triplett continues. “From an early age, we Saints are taught to value others, to be honest members of our society, and to dedicate ourselves to excellence in every endeavor. It is because of these core values that I am now in a position to give back to the school. While I could never fully repay my parents’ sacrifice or St. Andrew’s guidance, I hope this gift will at least display my eternal gratitude.”

“My sister is a St. Andrew’s graduate, my daughter attended St. Andrew’s, I have two nieces and a nephew at St. Andrew’s, and I served on the board of trustees and as a sponsor of the dance team. My parents set the example for giving to the school. They were very involved in fund-raising for St. Andrew’s. In fact, my father passed away recently, and we asked that memorials be made to the school. With all of those family ties to St. Andrew’s, it was important to me to support the school financially. Giving through a life insurance policy enabled me to give a larger gift than if I had made an outright cash donation.” — Brenda Bethany

DEDUCT TODAY, GIVE TOMORROW Life insurance can be a great tool in giving to St. Andrew’s Episcopal School. A charitable contribution of life insurance offers two advantages for the donor. First, it allows you to give St. Andrew’s a much larger amount of money without sacrificing a large amount of your current resources. The option to pay small premiums rather than make a lump sum donation may allow you to make a much more substantial gift.

Second, a gift of life insurance could also offer tax advantages for the donor.

There are two ways to donate life insurance to the school.

You can simply designate St. Andrew’s as the beneficiary of the policy, and upon your death, St. Andrew’s receives the policy proceeds. However, giving in this manner does not offer you a tax advantage. A second and more favorable way to use life insurance as a gift is to name St. Andrew’s Episcopal School as the policy owner and beneficiary. When you give in this manner,

THE TOUCHSTONE ENDOWMENT

Gifts to The Touchstone Endowment of any size are greatly appreciated. With a gift of $20,000 or more, you may establish a permanent endowment named in honor of yourself, your family, or a loved one.

you may take a charitable deduction equal to the cash value of the policy at the time of the gift. If annual premiums are still to be made and you continue to pay them, those premiums are also tax deductible.

You don’t have to take out a new life insurance policy in order to receive a tax benefit for the donation of a policy to St. Andrew’s. If you have a life insurance policy that is no longer needed, you can transfer that existing policy to St. Andrew’s and receive favorable tax benefits. This can also be a beneficial estate planning strategy for high-income taxpayers, as the donation of the policy would reduce that individual’s taxable estate.

Please keep in mind that the above information is contingent upon certain IRS formulas and regulations, and you should contact your tax advisor to make sure you are eligible for the deduction.

Information courtesy of A. J. Landrum ’05, Accountant with Matthews, Cutrer, and Lindsay

“This was the right type of gift in the current economy. An insurance policy allows us to make a more substantial gift to St. Andrew’s without taking that amount out of our available funds today. The school won’t receive the benefit right away, but by putting this gift in place, we’re providing for future generations at St. Andrew’s.” — Joe and Karen Powell

THE LEGACY LEAGUE The Legacy League, a subset of the St. Andrew’s Touchstone Circle, recognizes alumni and friends who have included a designated gift for St. Andrew’s in their estate plans. If you aren’t ready to write a check today, a planned gift could be the solution. These gifts may take many forms, including simple bequests (gifts from your will), trusts, life insurance, or real estate. We would be honored to add your name to the list of our Legacy League members.

Members of The Legacy League of The Touchstone Endowment Mr. and Mrs. Leigh B. Allen III Mr. and Mrs. H. C. Bailey, Jr. Judge and Mrs. Fred L. Banks Mr. and Mrs. John A. Bethany III Mr. and Mrs. W. Brad Chism

Dr. and Mrs. R. Deaver Collins, Jr. Mr. C. M. DeFrance Ms. Helen P. DeFrance Mr. and Mrs. Clinton L. Doby Mr. and Mrs. Robert E. Farr II Mr. Thomas E. Guillot, Jr. and Dr. Christina Glick Mr. and Mrs. W. H. Holman III Mr. and Mrs. John Holmes

Mr. and Mrs. R. Eason Leake Mr. and Mrs. Sidney Shinn Lee Mr. and Mrs. Marshall A. Loeb Honorable and Mrs. Raymond Mabus Mr. and Mrs. Andrew W. Mallinson Mr. and Mrs. J. David Marsh Mr. Paul F. McNeill Mr. Michael T. McRee

Mr. and Mrs. P. Cooper Morrison Dr. and Mrs. Walter P. Neely Mrs. W. James Phillips Mr. and Mrs. Joe J. Powell Mr. and Mrs. William L. Smith Mr. Taylor B. Triplett Mrs. W. E. Walker, Jr. Mr. and Mrs. Thomas E. Williams Dr. and Mrs. John D. Wofford, Jr.

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OFFICE OF INSTITUTIONAL ADVANCEMENT 370 OLD AGENCY ROAD RIDGELAND, MISSISSIPPI 39157–9714 601.853.6000 / WWW.GOSAINTS.ORG

Our Mission TO N URT UR E A DIV E R SE C OMMUNITY IN TH E E P I S C O PA L TR ADITION, FOSTE R ING SPIR ITUAL G ROW TH , MOR AL R E SPONSIB ILITY, AC ADE MIC E XC E LLE N CE , AND ARTISTIC AND ATHLE TIC P UR S UI TS, W HILE PR E PAR ING FOR A LIFE OF S E RVI C E TO OUR C OMMUNITY AND THE WOR LD.