Planned Giving

​Many individuals want to donate to Preschool Advantage but would like to contribute when they can be sure they no longer need their assets.  For those individuals, naming Preschool Advantage as a beneficiary in their Will, Trust, or Retirement Account is the perfect solution. If you are thinking of making a Planned Gift to Preschool Advantage, please notify us so we can properly thank you and acknowledge your future gift, even if it is contingent.

Will or Trust


​Here are just some of the ways you can benefit Preschool Advantage in your Will or Trust.
Residuary gift - You leave a percentage of your estate to Preschool Advantage after your estate expenses and specific bequests are paid.

Example:  I give and devise to Preschool Advantage Inc located in Morristown, NJ, ten (10) percent of the rest, residue,  and remainder of my estate, both real and personal, to be used for its general support.   

Specific bequest - You designate a specific amount for Preschool Advantage in your planning document.

Example:  I give and devise to Preschool Advantage Inc located in Morristown, NJ, the sum of one hundred thousand dollars ($100,000) to be used for its general support.

Contingent (back-up) bequest - You designate Preschool Advantage to receive assets in the event your intended beneficiary does not survive you.

Example:  I leave 10% of my residuary estate to my grandchild, Robert Jones, but if he predeceases me, then his share shall go to Preschool Advantage Inc located in Morristown, NJ, to be used for its general support.

Retirement Plan

​Retirement Plan Beneficiary

Another way to benefit Preschool Advantage upon your death is to name Preschool Advantage as a beneficiary of all or a portion of your IRA, 401(k), 403(b), Keogh or profit-sharing pension plan. 
Many individuals decide to name a charitable beneficiary to receive assets in their income deferred retirement plans to avoid Federal Income Tax and State Income Tax, as well as Estate Taxes on those assets.  Making a charitable gift from your retirement plan is easy.  Simply request a change of beneficiary form from your plan administrator.  Name Preschool Advantage Inc of Morristown, New Jersey as either a direct or contingent (back-up) beneficiary and return the form to your plan administrator.

Charitable Trusts

You can also talk to your financial advisor about charitable trusts that can allow donors to benefit both the charity of their choice and individuals they care about.  Charitable Remainder Trusts are irrevocable trusts under which an annunity payment stream is paid to an individual beneficiary (often the donor or the donor's spouse).  At termination, whatever assets remain in the trust would be paid to Preschool Advantage.

In Charitable Lead Trusts, the roles of Charitable Remainder Trusts are flipped.  The annuity goes to Preschool Advantage. At termination, any remainder passes to the individual beneficiaries.

In both cases, the donor receives a current income tax deduction for the calculated value of the gift to the non-profit.

Times of unusually low or high interest rates modify the advantages of these types of gifts.

 
The foregoing information should not be considered legal or tax advice.  Please speak with your attorney and tax advisor before making any change to your Estate Planning beneficiary designations.

Please advise us of changes to your estate planning that impact Preschool Advantage so we can thank you.