Saint James
Saint James School
Montgomery, Alabama

Planned Giving

Planned gifts are made as a result of careful reflection about the type of legacy donors wish to leave Saint James School. These gifts - often a bequest, trust, or gift of property helps both the donor and the school. Donors may reduce taxes, increase income, or satisfly other personal financial needs while Saint James becomes the beneficiary of an outright or deferred gift.

The gift vehicles listed below are just a few avenues in which donors can significantly impact future generations of Saint James students in perpetuity.

Charitable Lead Trusts

A charitable lead trust is a simple concept that allows a donor to transfer to an organization such as Saint James School a large amount of property, cash or securities while retaining a specified income, normally for life. At the end of the trust, the property is transferred to Saint James, while the benefits to the donor have been numerous, including increased income, avoidance of capital gains taxes and significant support of the students at Saint James School.

Gifts of Retained Income

You may wish to contribute gifts of property, such as your primary home, a vacation home or farm property, but still retain the right to use it for the duration of your lifetime. In this case, you can continue to live in your home or use your farm until your death, at which time the ownership will pass to Saint James School. By arranging for this now, you will receive an immediate income tax deduction for the present value and the right for Saint James to receive the property in the future.

Charitable Remainder Unitrusts

A unitrust is an arrangement in which you entrust a trustee with money or property with instructions to pay you or someone you designate an income, usually for a lifetime. The income will be a percentage of the value of the trust. Upon the death of the person receiving the income, the remainder of the trust becomes the property of the non-profit organization designated in the original agreement to become the recipient.

If Saint James is named as the non-profit or remainder beneficiary, not only will Saint James profit, but the donor will also receive an income tax deduction, avoid capital gains taxes, and possibly arrange for increased retirement income. Check with your financial advisor for information as to how this might affect you in your situation.