Planned Gifts

A LASTING IMPACT

The Towers Society (formerly known as Benedictine’s Founders Society and Saint Gertrude’s Fidelis Heritage Society) has been established to recognize individuals and families who have made provisions for future gifts through their estate plans. By becoming a member of this society, you are serving as an inspiration for others to make similar gifts to uphold the traditions of a Benedictine and Saint Gertrude education. We are incredibly grateful for those who have made a commitment to our missions and for ensuring the continued success of both schools through their planned gifts.

BCP FOUNDERS SOCIETY

Elmore J. Becker ’80 Herman J. Beckstoffer ’56 and

Eska Beckstoffer William V. Benedetti ’77 and Janet Benedetti James Benson Birindelli ’57 and

Nancy B. Birindelli Paul S. Bliley ’67 and Mary D Bliley James W. Boehling ’42 Jonathan C. Bogese ’99 Frank B. Bracken ’66 and Jo B Bracken Richard M. Caravati ’60 and P. K. Caravati Frank D. Carpin ’56 Scott F. Coffield ’67 and Jackie A. Coffield David S. DeLaney ’74 and Carrie Delaney Steven C. DeLaney ’72 and Susan DeLaney E. Michael Jarrett and Judy Jarrett Richard G. Lawrence ’79 and

Kimberly Lawrence William A. Nash ’72 Robert J. Ross ’55 and

Alice Bucker Ross ’56 R. Michael Valentine ’89 and

Jenny B. Valentine Frank Wallmeyer ’59 and

Mary T. Bickerstaff Wallmeyer ’61 Joseph G. Wallmeyer  ’65 and

Kathleen M Wallmeyer Joseph C. Woodie and Mary Anne Woodie Frank J. Wyatt ’44

SGHS FIDELIS HERITAGE SOCIETY

Kathleen Burke Barrett ’65 Brenda Collins Blackard ’73 Joseph W. Bliley, Jr.  Tom and Mary Virginia Kelley Bliley ’49 Charles and Michelle Krajl Bowen ’77 Frank D. Carpin Edward J. Clarke  Joyce Pusey Clement ’49  JoAnne Wade Draucker ’66 Andrew M. Dreelin, III  J.Dennis Farrell, Jr.  Lisa C. Fusco

William F. Holzgrefe  Helen Golden Jenkins  Carol Layton ’82  Stephen and Wendy Northup Mac and Karen Stumpf Nuckols  ’68 Robert and Alice Bucker Ross ’56 Edward O.  and Jacqueline S. Santucci  Don and Pat Seitz Frank J.  and Madelyn Wolfe Stumpf  ’40 Helen Vaughan  Dick and Susan Walker Frank J. Wallmeyer and

Mary T. Bickerstaff Wallmeyer ’61 Leo J. Wellhouse, Jr. Patrick  and Katherine Wellhouse White ’73

PLANNED GIVING

Planned giving allows you to make charitable gifts now or after your lifetime while enjoying financial benefits for yourself and your loved ones. Unlike cash donations, these gifts are typically made from assets rather than from disposable income and may come to fruition upon your death or during your lifetime. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for charity and other heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate. Thus, by definition, a planned gift is any major gift, made during one’s lifetime or at death as part of a donor’s overall financial or estate plan. Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive and beneficial to both the donor and the Benedictine Schools Educational Foundation.

THREE TYPES OF PLANNED GIFTS

• Outright gifts that use appreciated assets as a substitute for cash (e.g. stocks whose value has risen since purchase) • Gifts that return income or other financial benefits to the donor in return for the contribution (e.g. a charitable remainder trust or charitable gift annuity). • Gifts payable upon the donor’s death (e.g. life insurance policy)

TAX BENEFITS OF PLANNED GIFTS

CURRENT GIFTS: Donors who contribute appreciated assets, like securities, receive a charitable deduction for the asset’s full market value and pay no capital gains tax on the transfer.

DEFERRED GIFTS: Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.

LIFE INCOME GIFTS: Donors who establish a life-income gift, such as a trust or annuity, receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property, they pay no upfront capital gains tax on the transfer.

Consult your financial advisor or attorney before making a planned gift. For additional information about planned giving options that can provide financial benefits to you and your heirs, please visit our website at www.benedictineschools.org/giving/ estate-and-planned-giving or contact advancement@benedictineschools.org or 804-708-9696.