Planned Giving

We want Wilberforce to be a part of our legacy, for our grandchildren and their generation.

A Wilberforce grandparent (who made Wilberforce a beneficiary of his IRA).

Planned giving is a very significant way to help an organization you care about to thrive. Focusing on planned giving allows you to take advantage of tools and techniques that reduce your personal income tax liability, and ease the burden of federal estate taxes and state inheritance taxes. Planned giving also helps organizations like Wilberforce to continue to serve future generations.

Change of Beneficiary Forms: One of the easiest ways to get your planned giving strategy started is to simply adjust the beneficiary on such accounts as IRAs and other retirement plans. The Wilberforce School can be added as a beneficiary for some or all of these accounts by simply signing an updated Beneficiary Designation form. Your employer or plan custodian can assist in making this change. We can also provide any needed information to properly complete the form.

Gifts of Appreciated Assets: One of the most tax-efficient ways to make gifts to The Wilberforce School is to donate appreciated stock, mutual funds, real-estate and other investments that have grown in value over time. The tax benefits include a charitable deduction for the total value at the time of the gift plus avoidance of the capital gains tax. It is almost always more beneficial to donate an appreciated investment than to write a check because of the significant tax savings. We are happy to assist you in executing the transfer of your stock or mutual fund to the School.

Gifts of Required Minimum Distributions: For those who are age 70½ and older, annual required minimum distributions (RMD) from retirement accounts can have significant income tax implications. In 2016, Congress made permanent a law that allows donors to transfer up to $100,000 annually from their IRA directly to The Wilberforce School to avoid paying taxes on those distributions for that year. If you are married and filing jointly, your spouse can also contribute an additional $100,000 to Wilberforce. We can provide your financial adviser detailed instructions on how to properly execute the tax-free distribution. There are several rules that must be followed carefully to ensure that the distribution is tax-free. To qualify, the distribution must be made directly from your IRA custodian to The Wilberforce School.

Adding The Wilberforce School to Your Will: Bequests are a simple yet effective way to give to The Wilberforce School at your death. A bequest is a gift that comes out of your estate by means of naming the School a beneficiary in your will or revocable living trust. This can be a specific dollar amount from your estate, a specific percentage of your estate, or a specific asset from your estate.

For more information concerning giving, contact Jennia Axelson, Director of Advancement.

2020 is a great year to give.

The most efficient way to give to minimize fees is to send a check to:
The Wilberforce School, 75 Mapleton Road, Princeton, NJ 08540
*Wilberforce is a 501(c)(3) non-profit organization under IRS guidelines. Donations are tax-deductible to the extent allowed by law. A financial statement is available to donors.