The 1931 Society was established in memory of Millbrook School’s founders and the year of the school’s founding; it honors those who have already made planned gift provisions for the school. As we look to the future, there are a number of opportunities for members of the Millbrook family to join the 1931 Society and to help build the school’s endowment through tax deductible gift arrangements. They are listed below.
The simplest and most traditional way is through a bequest under your will, either as a specific sum, a specific percentage of your estate, or the rest and remainder of your estate after debts, taxes, expenses, and specific bequests to your heirs.
In addition, there are a number of instruments you could utilize to benefit you and your family, as well as Millbrook School. With many of these vehicles, you can have the fun and satisfaction of seeing your gift go to work for you and for Millbrook within a very short time.
Charitable Remainder Trust
You might consider a charitable remainder trust with Millbrook as the beneficiary. A charitable remainder trust is created when you irrevocably transfer cash, securities, or other property to a trustee, who may be yourself, the school, a bank, or another individual. This trust provides you with income during your lifetime. Upon termination of the trust, the principal would pass on to Millbrook.
Charitable Lead Trust
A charitable lead trust might be the appropriate vehicle for you. A charitable lead trust provides for the payment of income to Millbrook and /or charitable beneficiaries selected by you for a period of years. Upon the expiration of the trust, the remainder reverts to you or to members of your family, as you choose.
Other Planned Giving Options
You might also consider naming Millbrook a beneficiary of the remainder of a pension fund or an IRA; transferring ownership of a life insurance policy to Millbrook; or donating art, a home, or other property to the school.
We hope you will include Millbrook when you are considering your lifelong financial planning priorities.
If you would like to talk further about these opportunities, please contact Assistant to the Headmaster for External Affairs Robert Anthony ’65 (845-677-6752 or firstname.lastname@example.org
) at any time.