Planned Giving

You are cordially invited to become a member of the Pegasus Society at Pingree School!

Planned giving refers to the thoughtful and deliberate process through which a donor makes a charitable gift to Pingree School from his/her estate assets. Planned gifts are usually deferred and often irrevocable. Types of planned gifts include bequests, trusts, and contracts between the donor and Pingree School which usually require legal documentation and consultation with a professional advisor.

When you make a planned gift to Pingree School, you automatically become a member of the Pegasus Society.

Planned Gifts

Bequest

Easy to do and costs nothing during your lifetime. Simply designate a revocable gift of cash or other assets to Pingree School in your will. Your estate can receive a charitable estate tax deduction once the gift is made.

Charitable Gift Annuity (CGA)

A Charitable Gift Annuity can increase your cash flow. Make an irrevocable gift of cash or other assets to Pingree School in return for a fixed payment for life for whomever you choose. Typically, payments are made to the Donor and his/her spouse (joint life annuity). You may be eligible for a charitable tax deduction, and reduced or deferred capital gains taxes. A Deferred Charitable Gift Annuity delays the start of payments for a specified number of years.

Charitable Remainder Trust (CRT)

Sell an asset tax-free and receive income for life. You gift an asset to Pingree School, the sale of which funds the Charitable Remainder Trust. The trust beneficiaries receive income for a specified period of time. At the end of the trust term, Pingree School receives the principal. You potentially can reduce capital gains tax on the donation, receive an income tax deduction on the fair market value of the remainder interest earned by the trust, and reduce your estate taxes. A Charitable Remainder Annuity Trust pays a fixed dollar amount annually. A Charitable Remainder Unitrust pays a fixed percentage annually.

Charitable Lead Trust (CLT)

Sell an asset tax-free and receive income for life. You gift an asset to Pingree School, the sale of which funds the Charitable Remainder Trust. The trust beneficiaries receive income for a specified period of time. At the end of the trust term, Pingree School receives the principal. You potentially can reduce capital gains tax on the donation, receive an income tax deduction on the fair market value of the remainder interest earned by the trust, and reduce your estate taxes. A Charitable Remainder Annuity Trust pays a fixed dollar amount annually. A Charitable Remainder Unitrust pays a fixed percentage annually.

Retained Life Real Estate

Retained Life Real Estate allows you to gift a personal residence or farm to Pingree School and retain the right live at the property for the remainder of your life, and in some cases, the life of another designee. You receive an immediate income tax deduction for the gift.