GIFTS BY BEQUEST
Please consider Greenhills in your estate plans. Gifts by bequest are simple to execute and, with Greenhills’ 501(c)(3) IRS status as an educational institution, there may ultimately be a reduction in estate taxes.
Greenhills alums and parents can designate the School to receive a specific amount of money, property or percentage of their estate; to receive all or a portion of the residual of your estate (the remainder after all specific bequests to family and friends are fulfilled); or to be the contingent beneficiary.
A gift by bequest might be worded: “I give, devise and bequest to Greenhills School for its general purposes all (or state fraction or percentage) of the rest, residue and remainder of my estate, both real and personal” or “I give, devise and bequeath to Greenhills School the sum of $_____ to be used for the general purpose of the school.” Your bequest to Greenhills can also take the form of cash, securities, real estate or other tangible personal property.
This gift option may provide reduced taxes to your estate. We recommend that donors consult with tax counsel or their legal adviser prior to finalizing a bequest or major gift other than cash or securities.
Donors are encouraged to meet with a member of the Advancement Team before designating bequest gifts to specific programs, for current information on the specific needs of the school as well as giving programs, and naming opportunities in regards to restricted funds.
Please contact Paul Gargaro, Director of Advancement at 734-205-4024 or by email at pgargaro@greenhillsschool.org.
