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A Future Worthy of Your Investment

Planned Giving at Lincoln

"I want Lincoln to be here for girls 20, 50, 100 years from now. For this reason, I have made a provision for Lincoln School in my will. As a loyal annual supporter, I know this gift will further my commitment well beyond my lifetime.  It was also a smart decision for me financially." 

                                       Dione Dickenson Kenyon '72, Lincoln Foundation Member 

The Lincoln Foundation

Anyone can make a meaningful planned gift to Lincoln School.  It is much easier than you may believe.  Many alumnae, parents and friends have included Lincoln in their estate plans to ensure that Lincoln can continue to provide an outstanding educational experience for generations of girls and young women.  Today, nearly 100 alumnae, parents, trustees and friends of Lincoln School are members of the Lincoln Foundation, our Planned Giving Society.  Recent planned gifts have helped support the Dwight House restoration and the renovation of the Murray Athletic Complex at Faxon Farm Renovation.  These gifts have also been added to our endowment for scholarships, faculty development and new programs to help ensure Lincoln's long-term financial stability. 

The following describes two simple ways to support Lincoln through a planned gift and become a member of the Lincoln Foundation.

Making a Bequest to Lincoln

Outright bequests in your will are the most straightforward way to leave a planned gift to Lincoln.  Bequests to Lincoln are free of state and federal estate taxes because they will qualify your estate for a charitable deduction equal to the entire amount of the bequest.  Some basic information that you will need includes: 

Legal Name: Lincoln School

EIN Tax ID: 05-0258900

Address: 301 Butler Avenue, Providence, RI 02906

To make a bequest, you may want to consider the following sample bequest language:

Specific Bequest: I give, devise, and bequeath ___________________________(insert dollar amount or item of property to be donated) to Lincoln School, 301 Butler Avenue, Providence, RI 02906, EIN #05-0258900, or its successor, to be used for its general benefit, operations and purposes.

Residuary Bequest: I give, devise, and bequeath ___________________________(insert % amount) of all the rest, residue, and remainder of my estate to Lincoln School, 301 Butler Avenue, Providence, RI 02906, EIN #05-0258900, or its successor, to be used for its general benefit, operations and purposes.

Contingency Gift: If _______________________(name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give, devise, and bequeath to Lincoln School, 301 Butler Avenue, Providence, RI, EIN #05-0258900, or its successor, all of the rest, residue, and remainder of my estate, to be used for its general benefit, operations and purposes. 

Charitable Gift Annuity

In this time of economic uncertainty, charitable gift annuities can provide you with a reliable annual income based on your age at the time of your gift.  These gifts are an excellent source of fixed income for life.  With a charitable gift annuity you can make a significant gift to Lincoln, receive a charitable deduction for a portion of your gift, and retain a stream of income among other benefits.  These are some sample payout rates for individuals and couples.  The minimum for establishing a charitable gift annuity is $50,000.  These rates are only guidelines; actual rates may vary based on your personal circumstances:

Single Person         Couple
  Ages Rate*
 65 4.7%  65/654.2%
 705.1%  70/70 4.6%
 75 5.8%  75/75 5.0%
 80 6.8%  80/80 5.7%
 85 7.8%  85/85 6.7%

*Rates approved by the American Council on Gift Annuities.  Effective as of September 2014.

Retirement Fund Assets and Life Insurance

Tax-deferred retirement funds or IRAs make very beneficial charitable gifts because they are heavily taxed when passed onto your heirs. Gifting retirement funds allow you and your family to avoid significant income and estate taxes.  You will need to update your account profile, most are now available online, and update your beneficiary form to name Lincoln School (#05-0258900) as a beneficiary at whatever percentage fits your plans and your family's needs. 

You may also want to consider designating Lincoln School as a beneficiary in your life insurance.  This can be a convenient and flexible way to make a gift.  In addition, gifting a life insurance policy to Lincoln may enable you to make a gift far greater than you would ordinarily be able to make.  This gift may also reduce your taxable estate and qualify you for tax benefits during your lifetime.   

* Please contact the Development Office at 401-331-9696 to learn more about these or other planned giving options.  If you have made a bequest to Lincoln or are considering a planned gift, please let us know so we can make you a member of the Lincoln School Foundation.  Members are invited to attend an Annual Luncheon and are invited to Lincoln's Annual Corporation meeting among other benefits.

For more information on all tax benefits of giving for you and your family, consult your accountant or financial planner.  Lincoln does not provide legal or tax advice.