Will or Trust Gifts

How It Works

Include a gift to Avon Old Farms School in your will or trust.
Make your bequest unrestricted or direct it to a specific purpose.
Indicate a specific amount or a percentage of the balance remaining in your estate or trust.

Benefits

Your assets remain in your control during your lifetime.
You can modify your gift to address changing circumstances.
You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

Please let us know if you have already included Avon Old Farms School in your estate plan or if you are considering doing so. We would love to hear from you.

More detail about gifts from your will or trust.
Frequently asked questions.
Contact us so we can assist you through every step.

SAMPLE GIFT LANGUAGE FOR YOUR WILL OR REVOCABLE LIVING TRUST

SAMPLE GIFT LANGUAGE FOR YOUR WILL OR REVOCABLE LIVING TRUST

Sample Gift Language for your Will or Revocable Living Trust

A gift to Avon Old Farms in your will or revocable trust enables you to support 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.

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to The Avon Old Farms School, Inc (Tax ID #06-0655480), located in Avon, CT, 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).

Specific Gift Language

Naming Avon Old Farms School as a beneficiary of a specific amount from your estate is easy:

I give and devise to The Avon Old Farms School, Inc (Tax ID #06-0655480), located in Avon, CT, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Avon Old Farms School or its affiliates 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 Avon Old Farms School, Inc (Tax ID #06-0655480), located in Avon, CT, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (orfor the support of a specific fund or program).

Retirement Plan Beneficiary Language

You may name Avon Old Farms School (Tax ID #06-0655480) 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 Avon Old Farms 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 Avon Old Farms 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 Avon Old Farms free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Avon Old Farms School. We can also assist you with the proper language for your beneficiary designation to Avon Old Farms.

Customized Language

If you or your attorney would like Avon Old Farms to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

Download Sample Codicil

Quicklinks

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