Gifts Taking Effect After Death

A bequest in your will or trust to benefit Porter-Gaud Foundation. A bequest is one of the easiest and most commonly used ways to make a planned gift to Porter-Gaud Foundation. It also ensures you and your family will have a lasting legacy at Porter-Gaud.

Types of Bequests include:

• Percentage bequest – a percentage gift from your estate
• Specific bequest – a specific dollar amount gift from your estate
• Residual bequest – the balance or residue of your estate

Sample Bequest Language
I give, devise and bequeath to the Porter-Gaud Foundation (Federal tax ID number: 45-2701202) $_____ or _____% of my estate.

Your will is an important legal document that should express your wishes and should be prepared by your attorney.

Contact us if you would like to learn more about charitable estate planning.

If you have generously already make a planned gift to Porter-Gaud Foundation, please contact us. We would like to thank and recognize you for your gift and ensure the appropriate documentation is drafted in accordance with your wishes and intent.

Name Porter-Gaud Foundation as a primary or contingent beneficiary of all or a portion of your unused retirement assets.

Most individuals do not use all of their retirement assets in their lifetimes. Donating all or part of unused retirement assets is a great way to give to Porter-Gaud Foundation and can have significant tax advantages.

Benefit of Gifts of Retirement Assets:

• Distribution to Porter-Gaud Foundation avoids both income and estate taxes.

How to Make a Gift Of Retirement Assets

• Notify your retirement plan’s administrator
• Fill out a change of beneficiary form with your plan’s administrator

Contact us if you would like to learn more about charitable estate planning.

If you have generously already make a planned gift to Porter-Gaud Foundation, please contact us. We would like to thank and recognize you for your gift and ensure the appropriate documentation is drafted in accordance with your wishes and intent.

Name Porter-Gaud Foundation as a primary or contingent beneficiary of your policy. Create a new life insurance policy with Porter-Gaud Foundation as the beneficiary or donate a paid-up policy of coverage you no longer need.

How to Make a Gift of Life Insurance

• Name Porter-Gaud Foundation as a beneficiary in whole or part of your life insurance policy by contacting your life insurance provider to request a beneficiary designation form.
• Name Porter-Gaud Foundation as owner and beneficiary of a life insurance policy. When the policy matures, the proceeds will pay to Porter-Gaud Foundation.

If you are considering transferring ownership, please contact Lisa Ward at 843-402-4754 or lward@portergaud.edu to discuss if the gift is within the school’s gift acceptance policy.

Benefit to Making a Gift of Life Insurance

• You create a long-term gift that won’t draw funds from your estate.
• Increase your ability to make a significant gift to Porter-Gard with modest premium payments.
• Receive a charitable income tax deduction where ownership of policy is transferred to Porter-Gaud Foundation. If policy is not paid-up, you may receive a deduction for annual premium payments if the Porter-Gaud Foundation owns the policy.
• Or you can name Porter-Gaud Foundation as the beneficiary of your life insurance policy to benefit the school at your passing.

Contact us if you would like to learn more about charitable estate planning.

If you have generously already make a planned gift to Porter-Gaud Foundation, please contact us. We would like to thank and recognize you for your gift and ensure the appropriate documentation is drafted in accordance with your wishes and intent.

Name Porter-Gaud Foundation as the beneficiary of your DAF. Distributions from a DAF can be made to the Porter-Gaud Foundation.

Your donor advised fund (DAF) can be used to distribute gifts to charities of your choosing. Through a DAF you can make gifts to Porter-Gaud during your lifetime and at the time of your death.

How to Make a Gift Through a Donor Advised Fund

• Establish a donor advised fund.
• Make annual recommendations on charitable gifts to Porter-Gaud Foundation from your DAF.
• Designate Porter-Gaud Foundation as a beneficiary of your DAF at the time of your death by contacting your DAF administrator and ask for a beneficiary designation form.

Contact us if you would like to learn more about charitable estate planning.

If you have generously already make a planned gift to Porter-Gaud Foundation, please contact us. We would like to thank and recognize you for your gift and ensure the appropriate documentation is drafted in accordance with your wishes and intent.