Giving Options by Gift Amount

Under $25,000

The most popular options for a gift in this range:

• Outright gift of cash
• Outright gift of appreciated securities
• Donor-advised fund
• Gift in will or living trust
• Charitable gift annuity
• Beneficiary designations (Insurance plans, Commercial annuities, Retirement plan assets, Bank Accounts, CD’s Deposit of Brokerage Accounts – information below)

$25,000 to $99,999

The most popular options for a gift in this range:

• Outright gift of cash
• Outright gift of appreciated securities
• Donor-advised fund
• Gift in will or living trust
• Charitable gift annuity
• Beneficiary designations (Insurance plans, Commercial annuities, Retirement plan assets, Bank Accounts, CD’s Deposit of Brokerage Accounts – information below)

$100,000 to $999,999

The most popular options for a gift in this range:

• Outright gift of appreciated securities
• Gift in will or living trust
• Charitable gift annuity
• Beneficiary designations (Insurance plans, Commercial annuities, Retirement plan assets, Bank Accounts, CD’s Deposit of Brokerage Accounts – information below)
• Outright gift of life insurance
• Charitable remainder trust
• Charitable lead trust
• Real Estate

$1 million or more

The most popular options for a gift in this range:

• Outright gift of appreciated securities
• Gift in will or living trust
• Beneficiary designations (Insurance plans, Commercial annuities, Retirement plan assets, Bank Accounts, CD’s Deposit of Brokerage Accounts – information below)
• Charitable remainder trust
• Charitable lead trust
• Real Estate

Info for Bank accounts, cd’s and brokerage accounts

Bank Accounts, Certificates of Deposit, or Brokerage Accounts
Designating Miss Porter’s School as beneficiary of your bank accounts, certificates of deposit, or brokerage accounts is a simple and straightforward way to support our work. There are two options you can use to make this gift to us:

Payable-on-death (POD).* By placing a POD designation on your bank account or certificate of deposit, you can name one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, to change the beneficiary, or to close the account.

By setting up your bank account or certificate of deposit in this way, the estate-planning and administration process is simplified. The executor or administrator of your estate will not have to take any action to ensure that your account transfers to whomever you designated. Simply ask your bank representative about the one or two easy steps you need to take in order to place a POD designation on your bank account or certificate of deposit.

Transfer-on-death (TOD).* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. Like a POD account, with a TOD account the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary, or to close the account.

A TOD designation also simplifies the estate-planning and administration process. The executor or administrator of your estate will not have to take any action to ensure that your securities transfer to whomever you designated. To set up the TOD endorsement, simply contact your investment advisor and provide instructions regarding the change.

*State laws govern payable-on-death accounts and transfer-on-death accounts. Please consult with your bank representative or investment advisor if you are considering this these gifts.

Next Steps

1. Contact Susan Walker at 860-409-3626 or swalker@missporters.org for additional information.
2. Seek the advice of your financial or legal advisor.
3. If you include Miss Porter’s School in your plans, please use our legal name and Federal Tax ID.
   
   Legal Name: Miss Porter’s School, Inc.
   Address: 60 Main Street, Farmington, CT 06032
   Federal Tax ID Number: 06-0646786

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.