Sumner Hawley Society

SUMNER HAWLEY SOCIETY

Types Of Assets You Can Use To Plan Your Gift: • Cash • Appreciated securities • Real estate • Tangible personal property • Life insurance

BATH CAMPUS: 616 High Street, Bath, ME 04530 P: 207.386.5200 F: 207.386.5201

WOODSTOCK CAMPUS: P.O. Box 237, Woodstock, CT 06281 P: 860.963.4717 F: 860.963.4789 EMAIL: development@hyde.edu

• Qualified retirement plan assets • Business interests

SUMNER HAWLE SUMNER SOCIETY

HAWLEY SOCIETY

The Sumner Hawley Society was established to honor the memory of Hyde School co-founder Sumner Hawley and those visionary donors who have taken the special step to include Hyde in their estate plans. These important legacy commitments include bequest provisions, life-income gifts, or other arrangements using a variety of assets.

Gifts to Hyde through the Sumner Hawley Society are critically important to securing our unique educational mission for generations to come. Gifts of this nature provide creative ways to memorialize a family member, favorite faculty member or coach, provide significant program investment, or enable greater access to a Hyde education. We encourage you to contact us by phone or e-mail for additional information including detailed illustrations of projected benefits for you and for Hyde.

Satisfying And Prudent Ways To Use Your Assets Bequests You can draft a clause in your will or codicil that specifies a gift to Hyde. A bequest can be for a specific dollar amount, a percentage of your total estate, a residual bequest (paid to Hyde after other heirs, taxes and/or other charitable gifts have been satisfied), or for a specific asset such as jewelry, real estate or valuable artwork. We can be helpful to you by providing sample language for bequest designations.

Life Income Gifts You can transfer an asset to Hyde for the purpose of creating a charitable gift annuity in which the school agrees contractually to pay you a fixed income for your life or your life and that of a spouse.

Your gift annuity income is a factor of your age(s) and the value of the asset being used to fund the annuity. Not available in all states.

Charitable remainder trusts are powerful estate planning tools, and come in two basic forms: a charitable remainder unitrust and a charitable remainder annuity trust – the fundamental difference between them being the payments you receive. An annuity trust provides a fixed payment based on the original corpus of the trust. Unitrust payments vary based on an annual valuation of trust assets. A remainder trust is a legal document prepared by an attorney.

A Gift to Pass Assets to Heirs Charitable Lead Trust In the case of a charitable lead trust, assets are placed in trust for the life of the donor or for a period of years, and an annual distribution – both specified at inception – is made to Hyde each year for the life of the trust. At the completion of that period, trust assets can then revert to the donor or passed to heirs in a tax-advantaged way.

Our staff welcomes the opportunity to meet with you and your advisors to discuss giving solutions that will accomplish your philanthropic goals – including those that involve Hyde School. We are committed to keeping such conversations in the strictest confidence.