Planned Giving
When people think about making a gift to the Academy, they usually plan to make an outright donation: they write a check; donate appreciated securities or real estate; or a bequest is made to Wayland in their will. These are wonderful and easy ways to help benefit the Academy. Planned giving, however, through annuities, trusts or insurance, offers you other possibilities.
Many people are finding increasingly that the IRS may take a large portion of their estates. Today, IRA's and 401(k)'s and other retirement plans are especially vulnerable because income taxes are still due on them. In addition to benefiting the endowment of Wayland Academy, a planned gift may allow you to avoid substantial portions of capital gains taxes, income taxes and estate taxes, while providing a stream of income for yourself or loved ones.
A planned gift puts your support for Wayland Academy into immediate practice, making it unnecessary for the assets to clear probate. Unless you specify otherwise, all trusts and annuities become a part of Wayland's endowment upon expiration. A gift to Wayland's endowment helps ensure a strong future for the Academy; and you will have the satisfaction of knowing that your gift will support quality education at Wayland for many generations to come.