Planned Giving
Sample Bequest Language
A gift to EA in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:
- Is easy to arrange.
- Will not alter your current lifestyle in any way.
- Can be easily modified to address your changing needs.
Specific Bequest Language
Naming The Episcopal Academy as a beneficiary of a specific amount from your estate is easy:
I give and devise to The Episcopal Academy, located in Newtown Square, PA, the sum of $___________ to be used for its general support (or for the support of a specific fund or program).
Residual Bequest Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to The Episcopal Academy, located in Newtown Square, PA, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Contingent Bequest Language
The Episcopal Academy can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to The Episcopal Academy, located in Newtown Square, PA, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific, fund or program).
Retirement Plan Beneficiary Language
You may name The Episcopal Academy as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming EA as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming EA as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support EA free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy. Simply request a change of beneficiary form from your plan administrator. We can assist you with the proper language for your beneficiary designation to EA.
Customized Language
If you would like to direct your bequest to a specific program or interest, please contact us to discuss your charitable intentions.
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