There are many options available to make a planned- or legacy- gift to Hawken. Your financial or tax advisor can guide you on what’s best for you. We list below a few of the most common options used by a majority of legacy donors to the School:
One of the easiest ways for you to support Hawken School's mission is to leave us a bequest in your will, living trust, or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you ultimately leave to charity during your life.
There are several ways you can make a bequest to Hawken School.
Specific Bequest: A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Hawken School.
Percentage Bequest: Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Hawken School.
Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Hawken School.
Contingent Bequest: A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Hawken School.
Gifts of Retirement Assets
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension, or other tax-deferred plan, is an excellent way to make a gift to Hawken School.
If you are like many people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission. To make a gift of retirement assets, contact your investment advisor and let them know what you’d like to do.
Gifts of Whole Life Insurance Policy
A gift of your life insurance policy is an excellent way to make a gift to Hawken School. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Hawken School. To make a gift of your life insurance policy, contact your insurance agent to obtain the documentation needed.
Charitable Gift Annuity
A charitable gift annuity is a great way you can make a gift to Hawken and benefit yourself for the remainder of your life. You transfer your cash or property to Hawken School in return for a promise to make fixed payments to you for life at a rate based on your age. With the impact of inflation increasing interest rates the past 18 months, a charitable gift annuity is more attractive now than at any time in the past number of years.