Nativity Prep 1990 Society
Leave a Lasting Legacy. Include Nativity Prep in Your Estate Plans.
Members of our 1990 Society are instrumental in helping to shape the future of our school – and thereby the success of our students and alumni – in meaningful ways. Named for the year our school was founded, this giving society includes members of our community who have included Nativity Prep in their estate plans.
Believe it or not, everyone has an estate. Your estate is comprised of everything you own: your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common: you can’t take it with you when you die.
There are many very simple ways to include Nativity Prep in your estate plans and most don’t take much time to set up, nor will they cost you anything to do. Also, your gift can remain unrestricted (meaning Nativity Prep uses the gift for its most pressing need at the time the gift is realized) or can be directed toward a specific purpose. Some of the most common charitable estate planning methods include:
While there are many different ways to include Nativity Prep in your estate plans, one of the simplest and most flexible is a bequest in which you designate Nativity Prep as a gift recipient in your will. Below is sample language that can be used for an unrestricted gift:
“I, [ name ], of [ city, state, ZIP ], give, devise and bequeath to Nativity Preparatory School of Boston, 39 Lamartine Street, Jamaica Plain MA 02130 (Employer Identification Number 04-3063140) [ _____% of my estate; OR _____% of my residual estate; OR the sum of $_______; OR the following described property] without any restrictions to use or purpose.”
Designating Nativity Prep as a beneficiary of your life insurance policy may be beneficial for you if you wish to make a sizeable gift through smaller, regular payments; have a life insurance policy that is no longer needed; or can benefit from the tax or estate advantages incurred by the donation.
You can name Nativity Prep as the recipient of a portion or the total of the remainder of your retirement plan. Income and estate taxes are avoided on the distribution given to Nativity Prep. To designate Nativity Prep as a beneficiary, simply complete a change of beneficiary form available from your plan administrator.
This is but a small sample of some of your options. Joanne Coluccio, our Director of Advancement, will be happy to assist you and your tax advisor in designing and implementing an estate plan tailored to your needs and wishes. For more information please contact her at 857-728-0031 extension 14 or email@example.com.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.