Would you like to help support future generations of Commonwealth students without changing your will or parting with any assets now?
You can do this by naming Commonwealth School as a beneficiary of certain assets or accounts you own. This “beneficiary designation” is one of the simplest ways to make a gift to us. It is literally as easy as filling out a form.
You can name Commonwealth School as the sole beneficiary of your assets or as one of several beneficiaries. For example, you can use some of your assets to make a legacy gift and use the rest to provide for family members, charity, or other loved ones.
There are many benefits of making a gift by beneficiary designation:
- Flexibility: Assets remain in your control should you need them. You can also change your gift designation at any time.
- Easy to arrange: It does not require a change to your will.
- Tax incentives: Funds passing on to Commonwealth are not subject to income or estate tax. This means 100% of your gift is available for use by Commonwealth.
- Family-friendly: You can name family or other loved ones to benefit from some of the asset value, with Commonwealth receiving the remaining portion.
- Supports values you care about: Your gift creates a legacy of opportunities for generations of Commonwealth students to come.
Assets to consider include:
- Retirement assets
- Life insurance policies
- Commercial annuity contracts
- Bank accounts
- Investment accounts
Thank you for having the generosity and foresight to consider a legacy gift to Commonwealth. We are very grateful for your thoughtful support for Commonwealth’s future, and we would be happy to work with you to complete a beneficiary designation gift.
