Gift PlanningMany people would like to make a larger contribution to the Glenforest School, but they also need to consider financial and family matters. Through the various planned giving strategies available below, you can discover a way to make a meaningful gift and enhance your financial security. Annual Giving Programs The Annual Fund reaches out to alumni, parents, and friends across the world to encourage their lasting connection and involvement with Glenforest School. Our goal is to raise funds for the academic programs of Glenforest School The generous support and dedicated commitment of donors enables the school to continue to maintain academic standards and the quality of education it offers its students. These achievements ultimately support the school’s standing as one of the finest institutions in the southeast. Your gift helps make Glenforest School outstanding. For additional information, please contact the main office at 803-796-7622. Charitable Remainder Annuity TrustThe charitable remainder annuity trust is irrevocable and provides a fixed income based on the value of the assets at the time the trust is created. Capital gains tax can be avoided or postponed when the trust is created, and an income tax deduction is available for a portion of the property value. There can be estate tax benefits. Charitable Remainder UnitrustThe charitable remainder unitrust is also an irrevocable trust, but provides fluctuating income based on a fixed percentage of the annual value of the trust. Capital gains tax can also be avoided or postponed when the trust is created, and an income tax deduction is available for a portion of the value of the property. Insurance GiftThe insurance gift, with the school being named as primary or contingent beneficiary, is a popular gift. Information provided is prepared exclusively for Glenforest School alumni and other friends. It is designed to provide accurate information on the topics covered based on court decisions and tax rulings current as of September 2002. Glenforest School does not assist in providing professional legal, financial, or accounting advice. You should consult your personal advisors as to the application of any item to your specific situation. |
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