Planned Giving

Planned Giving

1921 Society
The 1921 Society was established in memory of the founders of the school and the year the school was founded.  It has been established to recognize those individuals who make a commitment to the school through their estate planning. There are a number of opportunities for members of the Palm Beach day community to join the 1921 society and help build the school’s endowment through tax deductible gift arrangements.

The lasting impact of bequests – both large and small – have helped shape the endowments of many independent schools in our nation.  For alumni and friends of Palm Beach Day, a charitable bequest is the easiest and best way to make a gift to the school.  By means of your will or other estate plan, you can name Palm Beach Day Academy as the beneficiary of a portion of your estate. A bequest allows you to honor a loved one, while providing critical support for Palm Beach Day Academy.

Charitable Remainder Trust
You may consider a charitable remainder trust with Palm Beach Day Academy as the beneficiary.  A charitable remainder trust is created when you irrevocably transfer cash, securities, and other property to a trustee, who may be yourself, the school, a bank or another individual.  This trust provides you with income during your lifetime.  Upon termination of the trust, the principle would pass to Palm Beach Day Academy.

Charitable Lead Trust
A charitable lead trust allows you make annual gifts to support an area of interest at Palm Beach Day for a term of years, typically between 10 and 20.  This intergenerational wealth-transfer tool enables you to provide for your heirs, while reducing gift and estate taxes.  When the term ends, the remainder of the trust reverts to you or to members of your family, as you chose.

Gifts of Life Insurance
If you have more life insurance than you need, you may consider giving Palm Beach Day Academy a paid-up policy.  By transferring ownership of your policy to Palm Beach Day, you will receive a charitable income tax-deduction equal to the policy’s cash value or cost basis, whichever is less.

Other Planned Giving Options
You might also consider naming Palm Beach Day as a beneficiary of the remainder of a pension fund or an IRA; donating real estate, artwork, or other property to the school.

To talk further about Planned Giving, please contact Cynthia Kanai, Director of Development at (561) 832-3308.

A copy of the official registration and financial information may be obtained from the division of consumer services by calling TOLL FREE 1-800-HELP-FLA (435-7352) within the state or by visiting Registration does not imply endorsement, approval or recommendation by the state.