Planned Giving

Benefits of Planned Gifts

A planned gift can bring financial benefits not only to Beaver but also to you. Planned gifts can generate lifelong income, convert low yielding assets into a higher income stream, obtain significant income tax deductions, and reduce or eliminate capital gains and estate taxes.

Types of Planned Gifts

The Development Office accepts a variety of life-income arrangements, including:

  • Charitable Lead Trusts
  • Charitable Remainder Trusts
  • Charitable Gift Annuities

We also help donors tailor bequests and structure gifts of assets such as real estate, business interests, and life insurance. Donors often find that a combination of planned gifts produces the best results. We are happy to meet with you and your financial advisors to design the most advantageous ways of giving for you.

We would appreciate learning of your gift intentions for Beaver so that we may include you in the list of Beatrice Van Ness Society members. However, should you wish to remain anonymous we will honor that request.

IRA Charitable Rollover

Charitable gifts may be rolled over from a traditional or Roth Individual Retirement Account (IRA) without incurring federal income taxes, with certain restrictions:

  • The donor must be age 70½ or older.
  • The cap on annual IRA rollovers is $100,000.
  • The contribution must be a direct gift to a charity (no planned gifts).

An IRA charitable rollover may be appropriate for you if:

  • You are at least age 70½, AND
  • You do not need the additional income generated by the minimum required distribution, OR
  • Your charitable gifts already equal 50% of your adjusted gross income, so you do not benefit from an income tax charitable deduction for additional gifts, OR
  • You are subject to the 2% rule that reduces your itemized deductions, OR
  • You do not itemize deductions.

Join The Beatrice Van Ness Society

The Beatrice Van Ness Society recognizes all those who have made a bequest provision, a life income gift, or other planned gift commitment to Beaver. A renowned painter in the school of American Impressionism, Beatrice Whitney Van Ness (1888-1981) led the art department at Beaver from 1921 to 1949 and was a pioneer in the emerging field of art education. Her life’s work as a practicing artist and as an innovative teacher is reflected today in Beaver’s commitment to the arts as a vital part of a balanced curriculum. Members of the Beatrice Van Ness Society help the school uphold these core values of progressive education through their thoughtful and generous commitments to Beaver’s future.

Questions?

For more information about ways of giving, or if you have questions about any of these options, please contact Erica DeRosa, Director of Philanthropy and Engagement, at 617-738-2746, or e-mail her at ederosa@bcdschool.org.