Notre Dame High School and Planned Giving

Notre Dame High School transforms the lives of students and their families. Each year, at risk children graduate with the skills they need to succeed in college and in professional careers. Notre Dame High School graduates will assume civic and business leadership roles helping to improve Lawrence, Massachusetts and the lives of others.

A planned gift to Notre Dame High School is a legacy. By including Notre Dame High School in your financial planning, you will make a student’s dreams come true. In addition, you will be forever recognized as a member of Notre Dame High School Legacy Circle.

Below are a few simple ways in which thoughtful donors can make a planned gift to Notre Dame High School, Lawrence. We are happy to work with you and your financial advisor to find the planned gift that will help you accomplish your goals and support students to achieve their dreams. Contact Mary Opanasets, Director of Development, for more information at (978) 689-8222, extension 18.

I. Bequests

This is the most popular planned giving option as there is no limit on the amount of an estate tax deduction and you will preserve your assets during your lifetime. You and your lawyer can discuss the following types of bequests:

Specific:

Allocate a set dollar amount to Notre Dame High School or designate a specific asset, such as securities, an antique, or a piece of property which you designate to Notre Dame High School in your will.

Sample language: “I give the sum of $__________ to Notre Dame High School, Lawrence, Massachusetts to be used for its general purposes.”

Residual:

Designate Notre Dame High School to receive all or a portion of your remaining estate after all specific bequests are made.

Sample language: “I give and devise to Notre Dame High School, Lawrence, Massachusetts ___% of the residue of all the property, of whatever kind and wherever located, that I own at the time of my death, to be used for its general purposes.”

Contingent:

Make Notre Dame High School the beneficiary, contingent on factors that you outline in your will.

Sample language: "If none of my descendants are living at the time of my death, I give and devise to Notre Dame High School, Lawrence, Massachusetts my residuary estate for its general purposes."

II. Retirement plan/Life insurance policy

Avoid income tax on retirement plan assets by naming Notre Dame High School, Lawrence, Massachusetts as the beneficiary of your retirement plan or insurance policy. Receive a charitable deduction by donating your paid life insurance policy to Notre Dame High School, Lawrence, Massachusetts or name the school as the beneficiary of your life insurance policy.

III. Charitable Gift Annuity

A gift annuity is a simple agreement between you and Notre Dame High School, Lawrence. In exchange for your gift, Notre Dame will pay you and/or another beneficiary at least 50 years of age, a guaranteed income for life. Part of the income is tax-free, increasing the overall return to you. When you make your irrevocable donation, you are entitled to an immediate federal income tax based on the size of your contribution and the age(s) of the income beneficiary.

If you are considering a gift annuity that would benefit Notre Dame High School, Lawrence, Massachusetts, we recommend you consult your tax advisor or financial planner.