Planned Giving

  Making an Impact with Your Legacy Gift

Thayer Academy's Southworth Society

Planned giving is a great way to support Thayer Academy while gaining financial and tax benefits for you and your family. It’s also a great way to create a lasting legacy. In this way you automatically become a member of Thayer Academy’s Southworth Society.

The Southworth Society is named in honor of Dr. Stacy Southworth, Headmaster of Thayer Academy from 1920 -1948. The Southworth Society honors those benefactors of Thayer Academy who have decided to support Thayer in their estate plans. Membership includes donors who have given verbal or written notice that they have included Thayer Academy in their will, trust, or beneficiary designation. It also includes those who have established a life-income gift (charitable gift annuity, trust, etc.).  

Ways to Give

Family smiling and enjoying the MS Bring n Share Potluck event

Bequests

Through various types of bequests to Thayer, you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come. You may prefer to state in your will or trust a sum of money or a percentage of your estate that you wish to give to Thayer.

Whatever form of bequest you choose, it is not subject to federal estate taxes, which significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined.

Gifts That Pay You Income

You can support Thayer Academy, get a tax reduction, and increase your income with one gift! A charitable gift annuity is a contractual agreement in which Thayer agrees to make payments to you for life in exchange for a lump-sum gift of cash, stock, or property. The gift will qualify for an immediate income tax deduction, and in most cases, a portion of the income provided will be tax-free. The percentage payout is based on your age at the time you make the gift. Rates are higher for older donors. If you fund the annuity with appreciated stock, you can minimize your capital gains tax liability to receive more income than the stock dividend would have provided.

Gifts From Retirement Plans

Consider your retirement-plan benefits as a significant gift to Thayer. Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.

Including Thayer as a beneficiary of your retirement plan is a simple way to make a bequest to Thayer Academy while protecting your children from additional taxes.

 

Life Insurance

If you have life insurance policies whose benefits you no longer need, you may name Thayer as the beneficiary. You will receive a charitable deduction, and you may also reduce your estate taxes.

 

Real Estate

Real estate often represents a significant portion of a person’s wealth, but it is not as easily liquidated as stocks and bonds. Thayer has experience receiving and selling properties and can handle that process for you, and your heirs will not have to sell your home.

 

Gifts of Appreciated Securities

Smart gift planning combines charitable intent with cost-efficient planning techniques.

Gifts of appreciated stocks, bonds, or mutual funds make a practical gift plan because they can have a significant impact while maximizing potential tax benefits by avoiding capital gains tax.

Donor Stories

Joyce DiBona Gives Back to Thayer Through a Charitable Gift Annuity 

Looking back on her 36-year advertising career, Joyce DiBona ’59 credits her Thayer typing teacher, Hilda Donner P ’59, ’63, for giving her the skills that launched her professional life.

Gillian McPhee Establishes a Revocable Living Trust Through Her Will to Share Thayer’s World-Class Education with Future Students

Thayer Academy gave Gillian McPhee ’89 the skills to achieve academically and professionally, which is why she has included the Academy in her estate plan through a revocable living trust.

From Dunce to Director: Brad White Makes Estate Gift to the School that “Saved My Life” 

Brad White ’77 credits his 11 years at Thayer Academy with helping him grow from a struggling student with undiagnosed ADD into a confident learner and a successful entrepreneur.

A Smart Way to Give Back: Jackie and Richard Leach ’62 P ’94 Use Bequests to Honor Their Son and Support Thayer's Future

Jackie and Richard Leach ’62 P ’94 share a good laugh remembering they were once accused by one of their children of caring about only two things: education and insurance.

Nora and Chuck Bailey ’72 Establish Planned Gift to Continue Thayer’s Tradition of Excellence 

Chuck Bailey ’72 says Thayer gave him the life skills and confidence that shaped his future—one of the many reasons he has designated a bequest in his will to support future Tigers.

Violinist Charles Castleman ’57 Gives Stock in Gratitude for His Experience During His Time at Thayer Academy

Charles Castleman ’57 was already a celebrated musician with a busy travel schedule when he started at Thayer Academy … in the third grade … at the young age 6.

What will your legacy be? 

For more information on Planned Giving and the Southworth Society, contact Rachael Rouvales Vassalotti, Director of Major Gifts & Planned Giving, at 781-664-2504 or rvassalotti@thayer.org

 

 

Helpful Resources