Planned Giving

List of 3 items.

• Bequests

  A gift through your will or living trust is a powerful way to support Benet Academy for generations. Bequests can be a set amount, a percentage of your estate, or the remainder after other provisions. You can leave your gift unrestricted or designate it for a specific purpose. Letting us know about your plans allows us to honor your intentions, while your privacy is fully respected if you choose to remain anonymous.
  
  Donors who include Benet Academy in their estate plans are invited to join the Benet Legacy Society, honoring their generosity and ensuring their vision supports students and the Academy for
  generations.
  
  Benet Academy Federal Tax ID: 36-2167867
  Address: 2200 Maple Avenue, Lisle, IL 60532
  
  Sample Language for Your Will or Trust:
  
  "I give to Benet Academy, a nonprofit corporation located at 2200 Maple Avenue, Lisle, IL 60532, or its successor, _________ [amount or percentage]. This gift may be used for (state purpose) or, if not possible, for a related purpose at the Academy’s discretion."

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• Gifts of Property & Real Estate

  Appreciated real estate may be one of the best gifts that can be made to Benet. Often, however, your return from the property is small and operating costs, such as taxes and maintenance, continue to rise. Should you sell the appreciated real estate, you will have to pay capital gains tax on the appreciated amount, considerably reducing your net gain from the sale. If, however, you make a gift of the real estate to Benet, you may be able to deduct the full market value of the property, including all appreciation.*
  
  

  Please note that there are some legal requirements that you will need to meet in order to make a charitable gift of real estate. The trust and estate planning staff will be happy to assist you and your attorney or other professional advisor to comply with these requirements.

• Life Insurance

  Quite often people find that they have more life insurance than they really need. For example, their children may be grown and life insurance that was intended to provide education funds is no longer needed. A gift of a life insurance policy, one that is paid up or one with premiums still due, makes a very good charitable gift. And the gift can easily be made by naming Benet as both the beneficiary and owner of the policy. You may even want to purchase a new policy to give to Benet.
  
  Normally, your charitable deduction will be approximately the cash value of the insurance policy at the time of the gift.
  
  *The general considerations above are for information and awareness but are subject to change by law and from state to state, thus you should get advice from your trusted financial planner.