Duke School encourages planned gifts as a way to provide support for future students. In many cases, a deferred gift enables a donor to make a more significant contribution than would be possible through an outright gift. Planned gifts require careful thought and analysis with a mindful eye toward income, estate and tax consequences. You can provide for your family and ensure that future Duke School students have all the advantages that your family has enjoyed. And, by including charitable gifts in your will, you may create significant tax advantages for your estate.
Planned gifts include annuities, trusts, bequests, property and endowed scholarship funds. These gifts may provide the opportunity to minimize income and estate taxes, provide one or more beneficiaries with income for a period of time or a lifetime, reduce capital gains taxes, and more effectively distribute estate assets. For more information on planned giving, please contact your attorney and Kenneth W. Chandler
, director of development at (919) 493-9968.
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)."
Duke School's gift year ends June 30, but you may want to contribute by December 31, to take advantage of current year tax benefits.