Planned Giving

A life income gift to Woodlands Academy allows you and/or a beneficiary to retain income from the assets donated, take a federal income tax deduction for a portion of the gift value (depending on the terms of the gift,) while eliminating capital gains tax on gifts of securities or real estate. Referred to as Charitable Remainder Trusts, life income gifts to Woodlands Academy should be arranged between you, the Academy, and your financial and legal advisors to ensure a giving arrangement that is tailored to your personal requirements.

A charitable Lead Trust, an assignment of trust income to Woodlands Academy, allows you to give an income interest to the school for a designated period of time, after which the property in the trust returns to you or your heirs. In certain cases, this method of giving allows you to reduce the gift and/or estate tax when the assets are passed to your children or grandchildren at the expiration of the trust

Life insurance is a unique way to give to Woodlands. To qualify, Woodlands Academy needs to become owner and beneficiary. You may choose to donate a paid-up policy no longer needed, give a policy that is not fully paid-up and take a deduction for the present value of the policy, or make Woodlands the owner and beneficiary of a new policy. Ongoing premium payments qualify as charitable deductions.

So often we think of making gifts to the institution that represent causes we care about in immediate terms - by writing a check, or making a cash or stock gift. A bequest to Woodlands Academy is not subject to federal, estate, or local inheritance taxes, and the value of the bequest is deductible in determining the taxable estate. There is no limit on the deduction.