Planned Giving

Through your will you can give:

• A specific sum of money or specific property.
• A percentage of your total estate.
• All or a percentage of the remainder after all other bequests are satisfied.

If you have already created your will, you can create a simple change, called a codicil, to add Park Tudor as your beneficiary. You may provide this language to your attorney for inclusion in your will or living trust:

"I give, devise, and bequeath to The Park Tudor Foundation, Inc., Indianapolis, IN ___ percent of all the rest, residue, and remainder of my estate (or ___ dollars, property, securities, etc. described below) wheresoever located to be used for the benefit of Park Tudor School in such a manner as the Head of School thereof may direct."

You can name Park Tudor as a beneficiary of your qualified retirement plan to receive a designated amount or percentage of assets you wish to be used for charitable purposes. Or, if you are 59 1/2 years of age, you may make withdrawals (no early withdrawal penalty) to fund your charitable gifts. Although you will be required to report the income on your tax return, you are then allowed a corresponding charitable deduction for your cash gifts up to 50% of your adjusted gross income (AGI). If you are at least 70 1/2 years old, you may direct that your mandatory withdrawal amount be used to make a charitable gift on a tax‐free basis.

Consider whether any of these ways to give life insurance may be applicable to your situation:

• Name Park Tudor School as beneficiary of a policy you own.
• Purchase a new policy. This can be a convenient way to make a substantial gift in an affordable and tax‐efficient manner.
• Give a paid‐up policy you already own by changing the owner and beneficiary.
• Give a policy on which you are still paying premiums.
• Buy a policy benefiting your heirs to replace money or property you have given.
• If it is more advantageous, purchase a life insurance policy on the life of another person.
• Assign policy dividends to Park Tudor.

A simple contract between you and Park Tudor whereby you transfer assets to the school, and Park Tudor agrees to pay you an income for your lifetime. The income rates are based on your age and are set by the American Council on Gift Annuities. Charitable gift annuities can also be established with the annuity payments directed to another person. In this case, the rates are based on the age of the recipient.

You transfer assets to a trust and receive an income based on the annual valuation of the trust. The trust can be established for a certain number of years or for your lifetime. At the end of the trust, the assets are transferred to Park Tudor.

You transfer assets to a trust and receive a fixed income based on the annual valuation of the trust. The income rate is fixed at the creation of the trust. The trust can be established for a certain number of years or for your lifetime. At the end of the trust, the assets are transferred to Park Tudor.

This trust is similar to the charitable remainder trust, except that the trust income is directed to Park Tudor School for a term designated by the donor. At the end of the term, the assets are returned to you or your designated beneficiary.