Incoming ninth graders are offered a study skills workshop at Visitation on August 6 and 8.
Planned giving is vital to Visitation’s future. Your gift will become part of the school’s endowment, or contribute to a program that you specify, and will support initiatives vital to advancing our mission. It will provide resources that can be drawn upon year after year, helping to ensure the legacy of the Visitation Sisters well into the future.
There are several options for making a planned gift: leaving a portion of your estate to Visitation in your will, naming Visitation as the beneficiary of a life insurance contract or retirement plan, creating a charitable trust, or establishing a donor advised fund. In addition to benefiting Visitation, you may receive income and estate tax benefits. Your legal and/or tax advisor can provide additional information.
By making a planned gift to Visitation, you become a member of the DeChantal Foundation which recognizes and honors the generosity of those who make provisions for Visitation School in their estate plans. We invite you to become a member by making a lasting and meaningful contribution to Visitation, ensuring that future generations of students benefit from an education that is “Not for school, but for Life.”
Upon notification to Visitation of your gift intentions, you will be invited to join The DeChantal Foundation.
If you would like additional information about including Visitation in your estate plan, please contact the Development Office via email or at 651-683-1700.
- Charitable Bequest
- Retirement Plan Beneficiary
- Life Insurance Beneficiary
- Charitable Remainder Trust
A charitable bequest is an easy method of making a gift to Visitation upon your death. A bequest can be included in your will directing that a specific dollar amount, asset or percentage of your estate be distributed to Visitation upon your death. In addition to benefiting Visitation, the gift could reduce potential estate taxes. Perhaps it is time to update your will and consider including a bequest to Visitation. Sample Will Language.
Naming Visitation as the beneficiary of one or more of your retirement plans is a potential tax-saving strategy. As a charity, Visitation would not be required to pay income tax on the amount received upon your death. In contrast, the qualified retirement plans and IRA funds would be considered “income in respect of a decedent” to your family members and subject to income tax. In addition, your estate would receive a charitable deduction, thereby reducing the size of your taxable estate.
Consider naming Visitation as the beneficiary of a life insurance policy on your life if your spouse or children will not need the funds. This can be a great way to make a substantial gift to Visitation. In addition, your estate would receive a charitable deduction, thereby reducing the size of your taxable estate. Another option would be to transfer ownership of the policy to Visitation during your lifetime.
A charitable remainder trust allows you to transfer assets to a trust, receive an annual income stream from the assets, and pass the remainder amount to Visitation upon your death or after a term of years. You would receive an income tax deduction upon the creation of the trust based on the remainder amount that will pass to Visitation. While Visitation accepts gifts from charitable remainder trusts, it will not serve as a trustee or perform administrative functions of the trust.