Gifts to The Elisabeth Irwin Heritage Society include:
Including LREI in your bequest is a simple way to provide important support for the future of the school. You may choose to provide a percentage of your estate or a specific dollar amount. We encourage you to consult your tax advisor before making any decisions regarding your estate plan.
CHARITABLE GIFT ANNUITY
A Charitable Gift Annuity allows you to support the school’s mission and receive steady payments during your retirement years. Through a simple contract with the school, you agree to make a donation of cash, stock or other assets to LREI in exchange for a tax deduction and a lifetime stream of annual income to you or someone else that you choose.
CHARITABLE REMAINDER TRUST
A Charitable Remainder Trust can be a wonderful way of providing significant long-term support for LREI while offering important tax benefits and allowing you or other beneficiaries to receive lifetime income (or income for a defined period of years). After the life of the named individuals or the set period of years, the balance or "remainder" of the trust goes to LREI and any other beneficiaries that you name. A lawyer would assist you in drawing up the trust.
IRA CHARITABLE ROLLOVER
Individuals 70 ½ years and older can make gifts directly to LREI from a traditional or Roth IRA completely free of federal income tax (up to $100,000 per person, per year). Giving in this way can be beneficial, especially if increases in income from withdrawals cause more of your Social Security benefits to be taxed. Additionally, your charitable IRA gift may count toward your required minimum withdrawal.
We hope you will include LREI when you are considering your lifelong financial planning priorities. If you would like more information on how to make LREI part of your plans, we can provide you with guidance on how to get started. We also encourage you to consult your own financial planner or legal counsel when considering any type of planned gift.
For more information about making a bequest or to learn about other arrangements to support LREI’s mission and leave a lasting legacy, please contact Director of Advancement Jennifer Weil at (212) 477-5320 or firstname.lastname@example.org