Grandfriends

When you create a charitable remainder trust, you guarantee a gift to Duke School in the future. In return, you receive both an annual income from the assets you use to fund the trust and an immediate tax deduction. A charitable lead trust works the opposite way. Duke School receives an annual income stream from the trust assets for a period of time, then the remainder goes to your heirs.

Remembering Duke School in your will through a charitable bequest reduces the amount of your estate that is subject to estate tax. To make a bequest to Duke School, contact your attorney. A provision to remember Duke School can be added as simply as "I give and bequeath to Duke School,  ____ percent of my total estate (or $_____, or other property)."

We encourage our Grandfriends that are 70.5 and older to consider a “Qualified Charitable Distribution” from your Individual Retirement Account (IRA)  - contact your financial advisor to see if this could help reduce your taxable income while supporting our Dragons.