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Planned gifts may take many forms and should be discussed in advance with the donor’s financial advisor, attorney, or stockbrocker. The Director of Development will work with these professionals and the donor in facilitating the contribution to Sullins. A written agreement is often part of a planned gift and the donor may specify the use of the gift.
Bequests reduce inheritance taxes by designating in your will specific gifts of cash, property, or a percentage of the remainder in your estate.
Gifts of Appreciated Securities may offset capital gains taxes and provide you with a tax deduction for the fair market value of the gift on the date of transfer.
Life Income Gifts may provide annual income for your retirement years and benefit Sullins Academy at the time of your death, depending upon the plan you choose. These gifts entitle you to an immediate deduction and can also reduce estate taxes.
Life Insurance policies in which Sullins Academy is named as a beneficiary provide the donor with a charitable deduction at the time the gift is given and a future significant contribution to the school.
Gifts of Real Estate may benefit you in the reduction of capital gains taxes and a substantial tax deduction.