Support CRS

Planned Giving

Bequests, gifts of insurance, retirement plan funds, and gifts that provide lifetime income can provide significant future resources for Charles River School while providing you with income, tax and personal benefits. Those who inform CRS of their bequest intentions become members of the Richard Thorndike ‘23 Legacy Society.

List of 4 items.

  • Bequests

    Bequests are the most popular type of planned gifts; a provision for CRS may reduce the size of your taxable estate while helping a good cause. You can leave to CRS a specific sum of money, particular piece of property, a percentage of your estate or the residue after making provisions for family and friends. Stocks, bonds, cash, and tangible personal property such as works of art and real estate also make very appropriate bequest assets.

    For more detailed information about Planned Giving at CRS, see our Planned Giving brochure.
  • Charitable Gift Annuities

    A Charitable Gift Annuity is a simple contract between you and a charitable organization that pays you a fixed dollar amount (an annuity) for your lifetime and that of another individual, if desired, based upon your age(s) at the time of your gift. The older you are, the higher the rate of return. If you use appreciated property to fund the gift annuity, you will not be responsible for capital gains tax on the gift portion of the transaction and the remaining gain will be apportioned over your lifetime. This is a wonderful way to increase income from stocks that pay small dividends and carry heavy capital gains.
  • Life Insurance

    If you have life insurance policies that you no longer need, you may wish to consider donating them to Charles River School or simply naming CRS as the beneficiary.

  • Retirement Plan Assets

    Because our tax laws often subject retirement plan assets to the highest combined income and estate taxes, charitable donations of these assets may be the most efficient estate planning option. On December 18, 2015 President Obama signed the Protecting Americans from Tax Hikes Act of 2015, legislation that includes a permanent extension of the IRA charitable rollover. Donors age 70 ½ or older can now make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including independent schools like Charles River School. The provision applies to IRA distributions made in taxable years beginning anytime after Dec. 31, 2014.

For more information on Planning Giving opportunities, please see our full brochure. Or, to inform us of a provision you have made, please contact Jessica Thompson Somol in the Development Office at jsomol@charlesriverschool.org or call 508-785-8215.

The Richard Thorndike ‘23 Legacy Society

When you include Charles River School in your estate planning, you become a valued member of the Richard K. Thorndike ’23 Legacy Society. Richard Thorndike, a long-time supporter and enthusiastic alumnus, named Charles River School as a beneficiary in his will. He was one of four Thorndike siblings who graduated from CRS and was also the grandfather of Lucy ‘80, Zander ‘82 and Cynthia Sprague ‘86. Charles River School recognized his extraordinary generosity and that of his extended family by creating The Richard K. Thorndike ’23 Legacy Society in his memory.