Planned Giving

Perhaps the easiest way to include Nashoba Brooks School in your estate planning is to name the School as a beneficiary of part or all of an individual retirement account (IRA), or tax-qualified retirement plan. Such a designation would allow the full value of these assets to transfer to Nashoba Brooks without estate or income tax. 

A bequest is a gift made through a provision in a donor’s will or “living” trust and is simple to set up with the assistance of an attorney. If your will is already written, it is relatively simple to add a codicil naming Nashoba Brooks School as an additional beneficiary. Because there is no minimum amount, any donor can make a bequest regardless of financial status. This is a straightforward way to ensure that your support for the work you value extends beyond your life. 

A gift of life insurance is the transfer of the ownership of a donor’s life insurance policy to the School.  The donor typically agrees to continue paying any premiums due after making the gift and can claim income tax deductions for both the initial investment in the policy and the additional premiums. 

A charitable lead trust is a trust in which the income, or “lead” interest, is paid to Nashoba Brooks School for a period of time. When the trust terminates, the remaining principal is distributed to one or more non-charitable beneficiaries, who may be the donor or family members. Your financial advisor or estate counsel can work with you to establish this form of trust, which can also provide significant tax benefits. 

A charitable remainder trust is a separately administered trust established by the donor, working closely with their financial advisor and estate counsel. It provides for payments to the donor and/or other named beneficiary(ies) either for life or a term of years (not exceeding 20), whereupon the remaining trust assets are distributed to one or more charities.  Tax savings for the donor can be significant.