Planned Giving
Planned Giving
1% can make a difference!
Planned giving provides multiple opportunities for donors to support Bethlehem High School and receive valuable tax benefit as well. A planned gift can be made with almost anything: cash, stocks, bonds, mutual funds, real estate, property such as artwork and royalties and life insurance you no longer need. There are ways for you to receive income back for life or a term of years in return for your contribution to Bethlehem.
In June of 2006, the Bethlehem High School Legacy Foundation was started. The Foundation is an endowment program established to assure the long term future of Bethlehem High School. Interest earned from Foundation contributions will be used to support tuition assistance, facility improvements, and retention of quality teachers.
Ways of giving to the Foundation
In considering contributions to the Foundation, one should evaluate their lifetime charitable goals. It is very important that you as a donor integrate your personal, financial, and estate planning goals with your goals for lifetime or testamentary charitable giving.
Types of Foundation Contributions
Name Bethlehem High School in your will or trust
Create a charitable remainder trust to provide yourself or someone you choose, income for life as well as estate tax advantages
Donate a life insurance policy you no longer need or name Bethlehem as a beneficiary
Leave the unused portion of your retirement account to Bethlehem by naming Bethlehem as a beneficiary
Purchase a charitable gift annuity that benefits Bethlehem and yourself
Appreciated securities, for example stock with lost cost to avoid capital gain taxes
Common questions regarding Planned Giving
Do I have an estate?
Most people leave an estate when they die, even though they may not have a great deal of wealth. An "estate" is any property, money or personal belongings that you may have at the time of your death.
What is a Charitable Bequest?
The term "charitable bequest" is used to describe anything you give or leave to charity from your estate through a will or a revocable trust.
What if I already have a Will?
Your gift can be added through an update to your existing will or through a codicil. A codicil is a document that amends, rather than replaces, a previously executed will. Below is a sample codicil. Consult your attorney or estate planning agent for further information
(Sample Codicil)
Specific Bequest
I direct that the following specific bequest be made from my estate.
1% of my net estate, after deducting the cost of administration of my estate, I leave to Bethlehem High School, located at 309 W. Stephen Foster Avenue, Bardstown, KY 40004.
Residuary Estate
I direct that my residuary estate be distributed to _____________________. If this beneficiary does not survive me, my residuary estate shall be distributed to ________________________.
Signature____________________________
Date _____________
To learn more about your planned giving options, please consult with your attorney or estate planning agent. For additional information on the Bethlehem Legacy Foundation, contact Christi Medley in the Bethlehem Advancement office (502) 348-8594 ext. 215 or [email protected]
Annual donations made directly to Bethlehem High School are vital to its operation and should not be forsaken in order to contribute to the Foundation.
For additional information on the Bethlehem Legacy Foundation, contact Molly Mattingly in the Bethlehem Advancement office (502) 348-8594 ext. 215 or [email protected].