Planned or deferred gifts are recognized through The Madeline Society.
The Westridge Development Office can be a resource for your gift planning by providing detailed, confidential information on estate planning generally, and on the tax and income benefits of a variety of planned gifts which may provide an opportunity to reduce estate and inheritance taxes. A tax consultant is your best advisor in designing a giving plan for the benefit of Westridge. However, Francesca DeMarco ‘90, Director of Development, can explore with you the various ways to make contributions. She can be reached at (626) 799-1153, ext. 252.
Madeline Society
The Madeline Society recognizes those individuals who have named Westridge in their wills or who provide for the future financial strength of Westridge School through planned gifts. Their example encourages others to do the same. Becoming a member of the Madeline Society is simple. All we need is written notification that Westridge is in your estate plan.
Bequests
A gift provided for Westridge in your will may be a percentage of your estate, the residual of the estate, a certain item or a specific dollar amount. Estate taxes may be reduced by a bequest to Westridge.
Charitable Gift Annuities
Westridge is partnering with the California Community Foundation to issue charitable gift annuities — a very attractive planned gift. In exchange for a gift of cash or stock you will be paid a guaranteed lifetime income. You also receive an immediate charitable tax deduction and a portion of each income payment is considered to be a tax-free return of principal.
Charitable Remainder Trusts
You may establish a remainder trust that provides either a fixed or variable income for you and your family. Part of the trust qualifies for an income tax deduction and at the death of the last beneficiary, the assets of the trust are distributed to Westridge School.
Charitable Lead Trusts
This trust allows you to pass on assets to family members with significant estate and gift tax savings while allowing the School to benefit from the income for the duration of the trust.
Gifts of Real Estate
A gift of real estate provides considerable tax benefits. You also have the option of retaining the right to occupy the property for life or even receive income it generates.
Gifts of Life Insurance and Pension Benefits
A gift of life insurance allows you to contribute a previously acquired policy, that may no longer be needed for its initial purpose, and often to realize significant tax benefits. Westridge may also be named as a beneficiary of a life insurance policy, company pension or profit-sharing plan, or of a private fund such as an IRA, Keogh or tax-sheltered annuity.
For more information, please contact Francesca DeMarco, Director of Development, at 626.799.1053, ext. 252. All inquiries are confidential.
