You can support the school’s mission beyond your lifetime by including a gift to Maumee Valley Country Day School in your will. To make a bequest of cash, securities, or other property to the school, your will (or supplemental codicil, if you do not wish to write a new will), should state:
"I give and bequeath to the Maumee Valley Country Day School, a non-profit corporation with Federal ID # 34-4431301, located at 1715 S. Reynolds. Rd, Toledo, OH 43615 or its successor,
(Option 1) ______ percent of the rest, residue and remainder of my estate,
(Option 2) the sum of $_______,
(Option 3) the following assets: (e.g. real estate, securities, personal property), to be used for general unrestricted purposes of the organization."
A life insurance policy that has a substantial cash surrender value can be donated to the Maumee Valley Country Day School. You might have purchased the policy to provide income protection for a spouse now deceased, or to educate your children who are now adults. Naming MVCDS as the sole or partial beneficiary of your life insurance may allow you to make a substantial gift at little or no cost to you.
You also can use life insurance to replace for your heirs the assets that you have donated to the Maumee Valley Country Day School through a will or trust. A life insurance trust, when used in conjunction with a charitable remainder trust, may help achieve many favorable financial objectives.
Gifts of Retirement Benefits
The benefits of retirement plans payable at your death may be subject to both income and estate taxes. If you name Maumee Valley Country Day School as the beneficiary, the full amount of the benefits passing to the school at your death will pass free of estate and income taxes. This may make designating the school to receive retirement benefits the most tax-effective way to make a planned gift.
Testamentary Life-Income Gifts
You can fund a charitable gift annuity, charitable remainder unitrust, charitable lead trust, or pooled income fund through your will. While these gift plans will not generate tax savings during your lifetime, they may reduce estate taxes and provide life income for a loved one.
For more information please contact Michael House, Interim Director of Advancement at 419-381-1313 x117.